Hub Group (NASDAQ:HUBG) Issues FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $1.80-$2.25 for the period, compared to the consensus earnings per share estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stephens dropped their target price on shares of Hub Group from $49.00 to $44.00 and set an equal weight rating on the stock in a research note on Thursday, April 4th. TD Cowen boosted their target price on shares of Hub Group from $52.00 to $54.00 and gave the company an outperform rating in a research note on Friday, February 2nd. JPMorgan Chase & Co. boosted their target price on shares of Hub Group from $43.50 to $46.00 and gave the company a neutral rating in a research note on Tuesday, January 9th. Benchmark reissued a buy rating and issued a $49.00 price target on shares of Hub Group in a research report on Wednesday, April 10th. Finally, Susquehanna lowered their price target on shares of Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a research report on Monday, March 25th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of Hold and an average target price of $46.63.

Hub Group Trading Up 0.5 %

NASDAQ HUBG traded up $0.20 during trading on Thursday, hitting $40.19. The company had a trading volume of 418,178 shares, compared to its average volume of 493,648. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a one year low of $31.73 and a one year high of $47.58. The company has a market cap of $2.53 billion, a price-to-earnings ratio of 15.56 and a beta of 0.89. The company’s fifty day moving average is $42.08 and its 200-day moving average is $41.59.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $985.60 million during the quarter, compared to analyst estimates of $997.67 million. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. Hub Group’s quarterly revenue was down 23.3% compared to the same quarter last year. During the same period last year, the business earned $2.42 EPS. On average, sell-side analysts predict that Hub Group will post 2.19 earnings per share for the current year.

Hub Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. Hub Group’s dividend payout ratio is currently 19.19%.

About Hub Group

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.