Hub Group (HUBG) to Release Quarterly Earnings on Wednesday

Hub Group (NASDAQ:HUBG) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Hub Group to post earnings of $0.49 per share for the quarter. Hub Group has set its FY24 guidance at $1.75-2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to the consensus estimate of $1.09 billion. During the same quarter in the previous year, the business earned $0.72 earnings per share. The business’s revenue was down 5.2% compared to the same quarter last year. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hub Group Stock Performance

HUBG opened at $43.10 on Wednesday. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 20.52 and a beta of 0.88. Hub Group has a 12-month low of $31.73 and a 12-month high of $48.39. The business has a 50 day moving average of $44.28 and a 200-day moving average of $43.37.

Hub Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. Hub Group’s dividend payout ratio (DPR) is 23.81%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on HUBG shares. UBS Group raised their target price on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna boosted their price objective on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. TD Cowen lowered Hub Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Stifel Nicolaus reduced their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, Evercore ISI increased their price objective on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Hub Group presently has an average rating of “Hold” and a consensus target price of $45.29.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.