Hub Group (HUBG) Set to Announce Quarterly Earnings on Thursday

Hub Group (NASDAQ:HUBG – Get Rating) is scheduled to release its earnings data after the market closes on Thursday, April 28th. Analysts expect Hub Group to post earnings of $1.43 per share for the quarter. Hub Group has set its FY 2022 guidance at $5.900-$6.300 EPS and its FY22 guidance at $5.90-$6.30 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Hub Group (NASDAQ:HUBG – Get Rating) last posted its quarterly earnings data on Tuesday, February 8th. The transportation company reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $1.06. The business had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.18 billion. Hub Group had a net margin of 4.05% and a return on equity of 13.78%. The business’s revenue was up 31.9% on a year-over-year basis. During the same period last year, the firm posted $0.81 earnings per share. On average, analysts expect Hub Group to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Shares of NASDAQ:HUBG opened at $64.44 on Thursday. The stock has a market capitalization of $2.24 billion, a price-to-earnings ratio of 12.76 and a beta of 0.91. Hub Group has a 1-year low of $60.81 and a 1-year high of $87.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.30 and a current ratio of 1.30. The company has a 50 day moving average price of $76.19 and a 200 day moving average price of $78.32.

Large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC bought a new position in shares of Hub Group in the fourth quarter valued at $30,000. Janus Henderson Group PLC bought a new position in shares of Hub Group in the third quarter valued at $233,000. Oliver Luxxe Assets LLC bought a new position in shares of Hub Group in the fourth quarter valued at $345,000. Allianz Asset Management GmbH bought a new position in Hub Group during the fourth quarter worth $439,000. Finally, Royal Bank of Canada boosted its position in Hub Group by 25.4% during the third quarter. Royal Bank of Canada now owns 6,846 shares of the transportation company’s stock worth $471,000 after purchasing an additional 1,388 shares during the period. 91.52% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently commented on the stock. Wolfe Research reduced their price target on shares of Hub Group from $91.00 to $90.00 and set an “outperform” rating for the company in a research report on Tuesday, April 5th. KeyCorp reduced their price target on shares of Hub Group from $105.00 to $85.00 and set an “overweight” rating for the company in a research report on Monday, April 11th. Barclays raised their price objective on Hub Group from $78.00 to $85.00 in a research note on Thursday, February 10th. Morgan Stanley increased their price objective on shares of Hub Group from $73.00 to $80.00 and gave the company an “equal weight” rating in a research note on Monday, February 14th. Finally, Susquehanna Bancshares cut shares of Hub Group from a “positive” rating to a “neutral” rating and dropped their target price for the stock from $102.00 to $92.00 in a research report on Friday, March 4th. Eight analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hub Group has a consensus rating of “Buy” and an average price target of $89.71.

Hub Group Company Profile (Get Rating)

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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