Hubbell (HUBB) Earning Somewhat Favorable Media Coverage, Analysis Finds
Media coverage about Hubbell (NYSE:HUBB) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hubbell earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media headlines about the industrial products company an impact score of 46.373691145527 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment’s scoring:
- This local attorney works hard in and out of the office to save companies, jobs (bizjournals.com)
- Safety products: Flange securement clip secures cable tray to PV module frames (utilityproducts.com)
- Global Hazardous Location Lighting Market Research Report 2017 – GE Current, Eaton, Hubbell Incorporated (sbwire.com)
- Global Rocker Switches Market Size, Growth and Comparison by Regions, Types and Applications (emailwire.com)
- Hubbell Inc (HUBB) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Hubbell from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Morgan Stanley reiterated an “overweight” rating and set a $132.00 price target (up from $130.00) on shares of Hubbell in a report on Monday, October 2nd. Finally, Zacks Investment Research cut Hubbell from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $124.00.
Hubbell (NYSE:HUBB) traded down $1.16 during midday trading on Wednesday, hitting $129.33. The stock had a trading volume of 257,238 shares, compared to its average volume of 288,974. The stock has a market cap of $7,080.00 and a PE ratio of 22.78. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. Hubbell has a fifty-two week low of $109.32 and a fifty-two week high of $131.68.
Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.65 earnings per share for the quarter, topping analysts’ consensus estimates of $1.50 by $0.15. The business had revenue of $950.50 million during the quarter, compared to analysts’ expectations of $960.28 million. Hubbell had a return on equity of 19.69% and a net margin of 7.96%. The company’s revenue was up 4.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.63 EPS. analysts expect that Hubbell will post 5.44 EPS for the current fiscal year.
Hubbell declared that its board has authorized a share repurchase program on Friday, October 20th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its stock is undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be issued a dividend of $0.77 per share. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Hubbell’s previous quarterly dividend of $0.70. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.38%. Hubbell’s dividend payout ratio is currently 59.46%.
In related news, insider Gerben Bakker sold 590 shares of the stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $125.34, for a total transaction of $73,950.60. Following the transaction, the insider now owns 13,249 shares of the company’s stock, valued at approximately $1,660,629.66. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.28% of the company’s stock.
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Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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