Wall Street analysts forecast that Hub Group, Inc. (NASDAQ:HUBG) will post earnings of $0.52 per share for the current fiscal quarter, according to Zacks Investment Research. 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 per share of $0.55 during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.5%. The firm is scheduled to announce its next quarterly 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 financial year, with EPS estimates ranging from $1.54 to $1.61. For the next financial year, analysts expect that the firm will report 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 research firms that cover Hub Group.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 EPS.
A number of equities research analysts have issued reports on the company. Wells Fargo & Company restated a “market perform” rating and set a $46.00 price target (up from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. UBS AG boosted their price target on Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BMO Capital Markets boosted their price target on Hub Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. Stephens upgraded Hub Group from an “equal weight” rating to an “overweight” rating in a research note on Friday, October 27th. Finally, Buckingham Research assumed coverage on Hub Group in a research note on Friday, October 20th. They set a “neutral” rating and a $43.00 price target for the company. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.36.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the completion of the sale, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 5.36% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in HUBG. Nuance Investments LLC raised its stake in Hub Group by 229.7% in the second quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock valued at $58,199,000 after buying an additional 1,057,338 shares during the last quarter. 1060 Capital LLC purchased a new stake in Hub Group in the third quarter valued at about $32,074,000. Bank of New York Mellon Corp raised its stake in Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after buying an additional 634,448 shares during the last quarter. SG Capital Management LLC purchased a new stake in Hub Group in the third quarter valued at about $15,654,000. Finally, Citadel Advisors LLC raised its stake in Hub Group by 256.9% in the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock valued at $20,913,000 after buying an additional 350,468 shares during the last quarter. Institutional investors own 90.51% of the company’s stock.
Shares of Hub Group (HUBG) opened at $42.90 on Thursday. The stock has a market capitalization of $1,494.15, a PE ratio of 25.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.46. 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 quick ratio of 1.19 and a current ratio of 1.19.
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Hub Group Company Profile
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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