Hub Group (NASDAQ:HUBG) Issues Quarterly Earnings Results

Hub Group (NASDAQ:HUBGGet Rating) issued its quarterly earnings data on Thursday. The transportation company reported $2.58 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $1.15, MarketWatch Earnings reports. Hub Group had a return on equity of 13.78% and a net margin of 4.05%. The business had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 41.2% on a year-over-year basis. Hub Group updated its FY22 guidance to $9.00-10.00 EPS.

NASDAQ HUBG traded up $0.56 on Friday, hitting $67.16. 1,478,316 shares of the company’s stock were exchanged, compared to its average volume of 372,913. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.30 and a quick ratio of 1.30. The firm’s 50-day moving average price is $74.19 and its two-hundred day moving average price is $78.05. Hub Group has a fifty-two week low of $60.81 and a fifty-two week high of $87.21. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 9.43 and a beta of 0.91.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HUBG. Morgan Stanley increased its position in Hub Group by 45.0% during the 2nd quarter. Morgan Stanley now owns 396,941 shares of the transportation company’s stock worth $26,190,000 after purchasing an additional 123,230 shares during the period. Royal Bank of Canada increased its position in Hub Group by 25.4% during the 3rd 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. Janus Henderson Group PLC acquired a new position in Hub Group during the 3rd quarter worth approximately $233,000. D. E. Shaw & Co. Inc. increased its position in Hub Group by 30.6% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 50,725 shares of the transportation company’s stock worth $4,273,000 after purchasing an additional 11,881 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of Hub Group by 411.9% in the 4th quarter. Cubist Systematic Strategies LLC now owns 27,146 shares of the transportation company’s stock worth $2,287,000 after acquiring an additional 21,843 shares during the period. Institutional investors own 91.52% of the company’s stock.

HUBG has been the subject of a number of recent research reports. Cowen lifted their target price on Hub Group from $95.00 to $109.00 in a report on Friday. UBS Group lifted their target price on Hub Group from $90.00 to $93.00 and gave the company a “buy” rating in a report on Wednesday, February 9th. Barclays lifted their target price on Hub Group from $78.00 to $85.00 in a report on Thursday, February 10th. JPMorgan Chase & Co. raised Hub Group from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $76.00 to $92.00 in a report on Friday. Finally, Robert W. Baird lifted their price target on Hub Group from $85.00 to $92.00 in a report on Friday. Five investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $91.94.

About Hub Group (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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Earnings History for Hub Group (NASDAQ:HUBG)

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