Hubbell (NYSE:HUBB – Get Rating) is scheduled to post its quarterly earnings results before the market opens on Tuesday, April 26th. Analysts expect Hubbell to post earnings of $1.86 per share for the quarter. Hubbell has set its FY22 guidance at $8.75-9.25 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.
Hubbell (NYSE:HUBB – Get Rating) last posted its quarterly earnings results on Thursday, February 3rd. The industrial products company reported $2.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.09 by ($0.02). Hubbell had a return on equity of 21.21% and a net margin of 8.72%. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period last year, the company posted $1.76 earnings per share. The business’s revenue was up 20.0% compared to the same quarter last year. On average, analysts expect Hubbell to post $9 EPS for the current fiscal year and $10 EPS for the next fiscal year.
NYSE HUBB opened at $182.29 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.14 and a debt-to-equity ratio of 0.64. The firm’s fifty day moving average price is $183.17 and its two-hundred day moving average price is $193.23. Hubbell has a 1 year low of $170.76 and a 1 year high of $212.54. The firm has a market capitalization of $9.92 billion, a P/E ratio of 25.04, a price-to-earnings-growth ratio of 2.04 and a beta of 1.26.
In other Hubbell news, CEO Gerben Bakker sold 1,148 shares of the stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $186.37, for a total transaction of $213,952.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO William R. Sperry sold 10,000 shares of the stock in a transaction dated Thursday, February 10th. The stock was sold at an average price of $188.70, for a total transaction of $1,887,000.00. The disclosure for this sale can be found here. 0.82% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of HUBB. BlackRock Inc. raised its holdings in Hubbell by 1.8% in the 4th quarter. BlackRock Inc. now owns 4,600,724 shares of the industrial products company’s stock valued at $958,194,000 after buying an additional 82,951 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in Hubbell by 13.5% during the 4th quarter. Goldman Sachs Group Inc. now owns 178,505 shares of the industrial products company’s stock worth $37,178,000 after purchasing an additional 21,248 shares during the last quarter. Morgan Stanley raised its holdings in Hubbell by 5.8% during the 2nd quarter. Morgan Stanley now owns 251,706 shares of the industrial products company’s stock worth $47,029,000 after purchasing an additional 13,779 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in Hubbell by 3.4% during the 4th quarter. Parametric Portfolio Associates LLC now owns 170,032 shares of the industrial products company’s stock worth $35,413,000 after purchasing an additional 5,535 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in Hubbell during the 3rd quarter worth approximately $493,000. Institutional investors and hedge funds own 84.71% of the company’s stock.
HUBB has been the topic of several research analyst reports. Mizuho dropped their price objective on shares of Hubbell from $240.00 to $220.00 and set a “buy” rating on the stock in a research report on Monday, February 7th. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Tuesday, February 15th. Morgan Stanley increased their price objective on shares of Hubbell from $198.00 to $200.00 and gave the company an “equal weight” rating in a research report on Thursday, April 7th. Finally, StockNews.com raised shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $205.00.
Hubbell Company Profile (Get Rating)
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.
- Get a free copy of the StockNews.com research report on Hubbell (HUBB)
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