Hub Group (HUBG) Scheduled to Post Earnings on Wednesday

Hub Group (NASDAQ:HUBG) 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) 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

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Hub Group’s payout ratio is presently 23.81%.

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.

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.