Hub Group (NASDAQ:HUBG) Updates FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.80-$2.25 for the period, compared to the consensus EPS estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion. Hub Group also updated its FY 2024 guidance to 1.800-2.250 EPS.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HUBG. JPMorgan Chase & Co. upped their price target on Hub Group from $43.50 to $46.00 and gave the stock a neutral rating in a report on Tuesday, January 9th. StockNews.com upgraded Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. Benchmark reiterated a buy rating and issued a $49.00 price objective on shares of Hub Group in a research report on Friday. Evercore ISI lowered their price objective on shares of Hub Group from $46.00 to $44.00 and set an outperform rating on the stock in a research note on Friday. Finally, TD Cowen lifted their target price on shares of Hub Group from $52.00 to $54.00 and gave the stock an outperform rating in a research report on Friday, February 2nd. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Hub Group presently has a consensus rating of Hold and an average target price of $46.54.

Hub Group Stock Performance

NASDAQ:HUBG traded down $0.26 during midday trading on Friday, reaching $39.93. The stock had a trading volume of 569,414 shares, compared to its average volume of 372,603. The stock has a market capitalization of $2.51 billion, a P/E ratio of 18.97 and a beta of 0.89. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58. The firm’s fifty day simple moving average is $41.88 and its 200-day simple moving average is $41.59.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. The company had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the firm earned $0.94 earnings per share. The business’s revenue was down 16.7% on a year-over-year basis. On average, equities research analysts forecast that Hub Group will post 2.19 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is presently 23.75%.

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.