Analysts Anticipate Hub Group, Inc. (HUBG) Will Post Earnings of $0.52 Per Share
Analysts predict that Hub Group, Inc. (NASDAQ:HUBG) will post earnings per share of $0.52 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Hub Group’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.48. Hub Group reported earnings of $0.55 per share during the same quarter last year, which would suggest a negative year over year growth rate of 5.5%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.
On average, analysts expect that Hub Group will report full-year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.61. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.08 per share, with EPS estimates ranging from $1.84 to $2.35. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Hub Group.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.06. The firm had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS.
HUBG has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Hub Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Cowen reaffirmed a “hold” rating and set a $40.00 price objective on shares of Hub Group in a report on Monday, August 28th. Stephens raised shares of Hub Group from an “equal weight” rating to an “overweight” rating in a report on Friday, October 27th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $46.00 price objective (up from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. Finally, KeyCorp reissued a “neutral” rating on shares of Hub Group in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. Hub Group has an average rating of “Hold” and a consensus price target of $45.36.
Hub Group (HUBG) traded up $0.30 during midday trading on Monday, hitting $47.60. 265,136 shares of the stock were exchanged, compared to its average volume of 324,055. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market cap of $1,613.55, a P/E ratio of 27.66, a P/E/G ratio of 1.87 and a beta of 1.49.
Large investors have recently modified their holdings of the company. Fieldpoint Private Securities LLC bought a new position in shares of Hub Group during the third quarter valued at about $100,000. Zions Bancorporation bought a new position in shares of Hub Group during the third quarter valued at about $143,000. Quantbot Technologies LP raised its stake in shares of Hub Group by 37.8% during the second quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock valued at $128,000 after acquiring an additional 915 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Hub Group by 12.7% during the second quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after acquiring an additional 573 shares during the last quarter. Finally, US Bancorp DE raised its stake in shares of Hub Group by 235.9% during the second quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock valued at $212,000 after acquiring an additional 3,880 shares during the last quarter. 93.87% of the stock is owned by hedge funds and other institutional investors.
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About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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