Equities analysts forecast that Hub Group Inc (NASDAQ:HUBG) will post earnings of $0.89 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hub Group’s earnings. The highest EPS estimate is $0.90 and the lowest is $0.88. Hub Group reported earnings of $2.99 per share during the same quarter last year, which would suggest a negative year over year growth rate of 70.2%. The firm is expected to issue its next earnings report on Thursday, February 14th.
On average, analysts expect that Hub Group will report full-year earnings of $2.74 per share for the current financial year, with EPS estimates ranging from $2.50 to $2.81. For the next fiscal year, analysts forecast that the business will report earnings of $2.91 per share, with EPS estimates ranging from $2.55 to $3.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Hub Group.
Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.07. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. The company had revenue of $933.22 million during the quarter, compared to the consensus estimate of $1.11 billion.
HUBG has been the subject of a number of research analyst reports. Buckingham Research increased their target price on shares of Hub Group from $46.00 to $54.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 30th. Loop Capital cut their price target on shares of Hub Group to $58.00 and set a “buy” rating on the stock in a report on Tuesday, September 4th. Stifel Nicolaus restated a “hold” rating and set a $53.00 price target on shares of Hub Group in a report on Thursday, August 2nd. BidaskClub downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a report on Saturday, September 15th. Finally, UBS Group raised their price target on shares of Hub Group from $56.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, August 2nd. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $55.83.
In other news, Director Charles R. Reaves sold 2,500 shares of the firm’s stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total transaction of $125,600.00. Following the transaction, the director now owns 68,768 shares in the company, valued at approximately $3,454,904.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.75% of the stock is currently owned by company insiders.
Institutional investors have recently added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake in Hub Group by 16.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares during the last quarter. Granite Investment Partners LLC grew its stake in Hub Group by 0.5% in the 2nd quarter. Granite Investment Partners LLC now owns 300,801 shares of the transportation company’s stock valued at $14,980,000 after buying an additional 1,382 shares during the last quarter. US Bancorp DE grew its stake in Hub Group by 17.0% in the 3rd quarter. US Bancorp DE now owns 10,035 shares of the transportation company’s stock valued at $457,000 after buying an additional 1,456 shares during the last quarter. Wells Fargo & Company MN grew its stake in Hub Group by 3.9% in the 3rd quarter. Wells Fargo & Company MN now owns 56,906 shares of the transportation company’s stock valued at $2,595,000 after buying an additional 2,156 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System grew its stake in Hub Group by 10.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 26,203 shares of the transportation company’s stock valued at $1,195,000 after buying an additional 2,537 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
HUBG stock opened at $46.32 on Friday. Hub Group has a 12-month low of $38.40 and a 12-month high of $56.60. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.54 and a quick ratio of 1.18. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 24.25 and a beta of 1.43.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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