Hub Group, Inc. (NASDAQ:HUBG) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $0.48-$0.53 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.47.
A number of brokerages have recently issued reports on HUBG. Wells Fargo & Company reissued a market perform rating and set a $46.00 target price (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 increased their target price on Hub Group from $47.00 to $48.00 and gave the stock a buy rating in a research note on Friday, October 27th. BMO Capital Markets increased their target price on Hub Group from $42.00 to $44.00 and gave the stock a market perform rating in a research note on Friday, October 27th. Stephens raised 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 issued a neutral rating and a $43.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $45.36.
Shares of Hub Group, Inc. (HUBG) opened at $43.70 on Friday. Hub Group, Inc. has a fifty-two week low of $33.17 and a fifty-two week high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $1,490.74, a price-to-earnings ratio of 25.56, a PEG ratio of 1.73 and a beta of 1.46.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue was up 13.0% on a year-over-year basis. research analysts expect that Hub Group, Inc. will post 1.69 EPS for the current fiscal year.
In related news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction on Monday, August 28th. The stock was sold at an average price of $37.60, for a total value of $225,600.00. Following the transaction, the director now owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.36% of the stock is currently owned by company insiders.
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About Hub Group
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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