Hub Group (NASDAQ:HUBG) Announces Earnings Results

by · The Cerbat Gem

Hub Group (NASDAQ:HUBG – Get Free Report) released its earnings results on Wednesday. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03, Briefing.com reports. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. Hub Group updated its FY24 guidance to $1.85-1.95 EPS and its FY 2024 guidance to 1.850-1.950 EPS.

Hub Group Price Performance

HUBG stock traded down $0.46 during trading on Thursday, hitting $43.29. The stock had a trading volume of 318,140 shares, compared to its average volume of 445,053. Hub Group has a 1-year low of $33.38 and a 1-year high of $48.39. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 20.60 and a beta of 0.88. The company’s 50 day moving average price is $44.32 and its two-hundred day moving average price is $43.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.

Hub Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on HUBG shares. Susquehanna boosted their target price on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a research report on Thursday, September 26th. Barclays increased their price objective on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. TD Cowen increased their price target on shares of Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $46.17.

Read Our Latest Report on HUBG

About Hub Group

(Get Free Report)

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.

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