Analysts forecast that Hub Group Inc (NASDAQ:HUBG) will announce sales of $1.01 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Hub Group’s earnings, with the lowest sales estimate coming in at $947.52 million and the highest estimate coming in at $1.06 billion. Hub Group reported sales of $893.45 million during the same quarter last year, which indicates a positive year-over-year growth rate of 13%. The business is expected to announce its next quarterly earnings report after the market closes on Thursday, April 26th.
According to Zacks, analysts expect that Hub Group will report full year sales of $4.38 billion for the current fiscal year, with estimates ranging from $4.08 billion to $4.59 billion. For the next year, analysts anticipate that the firm will post sales of $4.69 billion per share, with estimates ranging from $4.55 billion to $4.90 billion. Zacks’ sales calculations are an average based on a survey of research analysts that follow Hub Group.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The firm had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter last year, the business posted $0.55 EPS. The company’s revenue for the quarter was up 18.8% on a year-over-year basis.
Several equities analysts have recently weighed in on HUBG shares. Stifel Nicolaus restated a “hold” rating and issued a $45.00 price objective on shares of Hub Group in a report on Thursday, April 5th. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, January 16th. BidaskClub cut Hub Group from a “hold” rating to a “sell” rating in a report on Thursday, March 29th. Morgan Stanley raised their price objective on Hub Group from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. Finally, Loop Capital raised their price objective on Hub Group to $52.00 and gave the company a “hold” rating in a report on Monday, February 12th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $48.00.
Shares of NASDAQ HUBG opened at $43.60 on Friday. The stock has a market capitalization of $1,508.90, a PE ratio of 22.83, a P/E/G ratio of 1.29 and a beta of 1.44. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.26 and a quick ratio of 1.26. Hub Group has a fifty-two week low of $33.17 and a fifty-two week high of $52.25.
A number of institutional investors have recently bought and sold shares of HUBG. CIBC Asset Management Inc acquired a new stake in Hub Group during the fourth quarter worth approximately $205,000. Aperio Group LLC acquired a new stake in Hub Group during the fourth quarter worth approximately $217,000. Amalgamated Bank acquired a new stake in Hub Group during the fourth quarter worth approximately $226,000. Delpha Capital Management LLC acquired a new stake in Hub Group during the fourth quarter worth approximately $256,000. Finally, Koch Industries Inc. acquired a new stake in Hub Group during the fourth quarter worth approximately $284,000. Institutional investors and hedge funds own 94.71% of the company’s stock.
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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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