Hub Group (NASDAQ:HUBG) Releases FY 2024 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY 2024 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 1.800-2.250 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of $4.3 billion-$4.7 billion, compared to the consensus revenue estimate of $4.6 billion. Hub Group also updated its FY24 guidance to $1.80-$2.25 EPS.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of analyst reports. Benchmark reiterated a buy rating and set a $49.00 price objective on shares of Hub Group in a research report on Wednesday, April 10th. TD Cowen lifted their price objective on Hub Group from $52.00 to $54.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Stifel Nicolaus lifted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a buy rating in a research report on Wednesday, January 10th. Susquehanna reduced their price objective on Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a research report on Monday, March 25th. Finally, Wells Fargo & Company lifted their price objective on Hub Group from $45.00 to $50.00 and gave the stock an overweight rating in a research report on Friday, February 2nd. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $46.63.

Hub Group Trading Up 0.5 %

Shares of NASDAQ HUBG traded up $0.20 during trading on Thursday, reaching $40.19. The stock had a trading volume of 418,178 shares, compared to its average volume of 493,782. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29. The business’s 50-day moving average price is $42.08 and its 200-day moving average price is $41.59. The company has a market cap of $2.53 billion, a P/E ratio of 15.43 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business had revenue of $985.60 million during the quarter, compared to analysts’ expectations of $997.67 million. During the same period in the previous year, the firm posted $2.42 earnings per share. The company’s revenue was down 23.3% on a year-over-year basis. On average, equities research analysts predict that Hub Group will post 2.19 EPS for the current fiscal year.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.24%. Hub Group’s payout ratio is 19.19%.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.