Hub Group (NASDAQ:HUBG – Get Free Report) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Hub Group has set its FY24 guidance at $1.75-2.05 EPS and its FY 2024 guidance at 1.750-2.050 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.
Hub Group (NASDAQ:HUBG – Get Free Report) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The firm had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.72 earnings per share. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Hub Group Trading Down 0.5 %
Shares of Hub Group stock opened at $43.10 on Wednesday. The firm’s 50 day moving average is $44.28 and its 200 day moving average is $43.37. The firm has a market capitalization of $2.69 billion, a PE ratio of 20.52 and a beta of 0.88. Hub Group has a 1 year low of $31.73 and a 1 year high of $48.39. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.
Hub Group Dividend Announcement
Wall Street Analysts Forecast Growth
Several equities research analysts recently weighed in on the company. Evercore ISI raised their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, October 3rd. UBS Group boosted their price target on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. TD Cowen lowered shares of Hub Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $50.00 to $43.00 in a report on Thursday, July 18th. Susquehanna boosted their target price on shares of Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, Stifel Nicolaus dropped their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Ten analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.29.
Check Out Our Latest Research Report on Hub Group
About Hub Group
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.
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