Media stories about Hubbell (NYSE:HUBB) have been trending positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hubbell earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 44.9588621058131 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
Shares of Hubbell (NYSE:HUBB) traded down $1.34 during trading on Tuesday, reaching $127.56. 123,286 shares of the company’s stock were exchanged, compared to its average volume of 385,238. The stock has a market cap of $7,321.60, a P/E ratio of 22.57, a P/E/G ratio of 1.86 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 2.27. Hubbell has a 52 week low of $109.32 and a 52 week high of $149.03.
Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.42 by $0.12. Hubbell had a net margin of 6.63% and a return on equity of 20.16%. The business had revenue of $917.70 million for the quarter, compared to analysts’ expectations of $901.23 million. During the same period in the prior year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 7.4% on a year-over-year basis. equities analysts anticipate that Hubbell will post 7.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be paid a $0.77 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $3.08 dividend on an annualized basis and a yield of 2.41%. Hubbell’s payout ratio is 70.00%.
Hubbell announced that its board has initiated a stock buyback program on Friday, October 20th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Several brokerages have recently issued reports on HUBB. Zacks Investment Research lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Friday, January 12th. JPMorgan Chase & Co. reaffirmed a “hold” rating on shares of Hubbell in a research note on Thursday, December 28th. Oppenheimer raised shares of Hubbell from a “market perform” rating to an “outperform” rating and set a $160.00 price target on the stock in a research note on Friday, January 12th. Finally, Wells Fargo & Co restated a “buy” rating and issued a $143.00 price objective (up previously from $136.00) on shares of Hubbell in a report on Wednesday, December 20th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $152.00.
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Hubbell Company Profile
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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