Hub Group, Inc. (NASDAQ:HUBG) released its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06, Briefing.com reports. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 EPS. Hub Group updated its Q4 guidance to $0.48-$0.53 EPS.
Shares of Hub Group (NASDAQ:HUBG) opened at $43.70 on Friday. Hub Group has a 1 year low of $33.17 and a 1 year high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market cap of $1,490.74, a PE ratio of 25.56, a P/E/G ratio of 1.73 and a beta of 1.46.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the company’s stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $37.60, for a total value of $225,600.00. Following the transaction, the director now directly owns 67,947 shares in the company, valued at approximately $2,554,807.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 5.36% of the stock is owned by insiders.
HUBG has been the subject of several recent analyst reports. BMO Capital Markets boosted their price objective on shares of Hub Group from $42.00 to $44.00 and gave the stock a “market perform” rating in a research note on Friday, October 27th. Cowen and Company reiterated a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a research note on Monday, August 28th. KeyCorp reissued a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the stock. Hub Group has a consensus rating of “Hold” and an average target price of $45.36.
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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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