Hub Group, Inc. (NASDAQ:HUBG) Announces Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.28%.

Hub Group has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.77 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.1%.

Hub Group Stock Performance

Shares of HUBG opened at $39.19 on Thursday. The stock has a 50-day moving average of $43.52 and a two-hundred day moving average of $45.25. Hub Group has a one year low of $38.07 and a one year high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The stock has a market cap of $2.40 billion, a P/E ratio of 23.05 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, research analysts predict that Hub Group will post 2.2 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HUBG shares. Barclays decreased their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Susquehanna raised Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Benchmark lifted their price target on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Stifel Nicolaus lifted their price target on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $48.50.

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.