Hubbell (NYSE:HUBB) will post its quarterly earnings results before the market opens on Tuesday, April 24th. Analysts expect Hubbell to post earnings of $1.35 per share for the quarter. Hubbell has set its FY18 guidance at $6.95-7.35 EPS.
Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, January 30th. The industrial products company reported $1.54 EPS for the quarter, beating 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 company had revenue of $917.70 million during the quarter, compared to analyst estimates of $901.23 million. During the same period in the prior year, the business posted $1.35 EPS. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, analysts expect Hubbell to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.
NYSE:HUBB opened at $119.65 on Monday. Hubbell has a 52 week low of $109.32 and a 52 week high of $149.03. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.27 and a quick ratio of 1.37. The firm has a market cap of $6,559.45, a P/E ratio of 20.18, a PEG ratio of 1.67 and a beta of 1.03.
A number of equities research analysts recently commented on the stock. Zacks Investment Research lowered shares of Hubbell from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 4th. Morgan Stanley lowered their price target on shares of Hubbell from $153.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, March 12th. Wolfe Research upgraded shares of Hubbell from a “market perform” rating to a “buy” rating and set a $160.00 price target for the company in a report on Friday, February 9th. Oppenheimer reissued a “buy” rating and set a $160.00 price objective on shares of Hubbell in a research report on Tuesday, January 30th. Finally, JPMorgan Chase raised shares of Hubbell from a “neutral” rating to an “overweight” rating in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $152.00.
In other news, Chairman David G. Nord sold 12,076 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $133.76, for a total value of $1,615,285.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP Stephen M. Mais sold 4,692 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $135.59, for a total transaction of $636,188.28. Following the completion of the sale, the vice president now directly owns 16,669 shares in the company, valued at $2,260,149.71. The disclosure for this sale can be found here. 0.69% of the stock is currently owned by insiders.
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Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.
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