Hub Group (HUBG) Hits New 12-Month High Following Better-Than-Expected Earnings
Hub Group Inc (NASDAQ:HUBG)’s share price hit a new 52-week high on Thursday following a better than expected earnings announcement. The stock traded as high as $56.60 and last traded at $50.75, with a volume of 88137 shares changing hands. The stock had previously closed at $52.15.
The transportation company reported $0.66 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.18. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The company’s revenue was up 27.7% on a year-over-year basis. During the same period last year, the firm posted $0.29 EPS.
A number of research firms recently commented on HUBG. ValuEngine raised shares of Hub Group from a “hold” rating to a “buy” rating in a research report on Friday. Stephens set a $62.00 target price on shares of Hub Group and gave the company a “buy” rating in a research report on Thursday. Susquehanna Bancshares increased their target price on shares of Hub Group from $61.00 to $64.00 and gave the company a “positive” rating in a research report on Thursday. UBS Group increased their target price on shares of Hub Group from $56.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $53.00 target price on shares of Hub Group in a research report on Thursday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eight have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $52.36.
The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 26.73, a price-to-earnings-growth ratio of 1.27 and a beta of 1.45. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.27 and a current ratio of 1.27.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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