Hub Group (NASDAQ:HUBG) Updates FY 2022 Earnings Guidance

Hub Group (NASDAQ:HUBG – Get Rating) issued an update on its FY 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of $9.00-$10.00 for the period, compared to the consensus earnings per share estimate of $6.19. The company issued revenue guidance of $5.30 billion-$5.50 billion, compared to the consensus revenue estimate of $5.06 billion.

NASDAQ HUBG opened at $75.11 on Tuesday. 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 0.12, a current ratio of 1.42 and a quick ratio of 1.30. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 10.55 and a beta of 0.94. The company has a fifty day moving average price of $73.54 and a 200-day moving average price of $78.17.

Hub Group (NASDAQ:HUBG – Get Rating) last posted its earnings results on Thursday, April 28th. The transportation company reported $2.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.46 by $1.12. Hub Group had a net margin of 5.24% and a return on equity of 18.49%. The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $0.51 EPS. The business’s revenue was up 41.2% compared to the same quarter last year. On average, research analysts anticipate that Hub Group will post 9.48 EPS for the current fiscal year.

A number of equities analysts recently weighed in on HUBG shares. Morgan Stanley boosted their price target on shares of Hub Group from $73.00 to $80.00 and gave the stock an equal weight rating in a report on Monday, February 14th. Susquehanna upped their price objective on shares of Hub Group from $83.00 to $105.00 in a report on Friday, April 29th. Stephens downgraded shares of Hub Group from an overweight rating to an equal weight rating and dropped their price objective for the company from $97.00 to $93.00 in a report on Thursday, March 31st. Zacks Investment Research raised shares of Hub Group from a hold rating to a buy rating and set a $83.00 price target on the stock in a report on Wednesday, May 4th. Finally, Cowen increased their price target on shares of Hub Group from $95.00 to $109.00 in a report on Friday, April 29th. Four analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Buy and a consensus target price of $91.38.

A number of institutional investors have recently made changes to their positions in the business. Legal & General Group Plc increased its holdings in shares of Hub Group by 5.0% during the fourth quarter. Legal & General Group Plc now owns 99,725 shares of the transportation company’s stock valued at $8,401,000 after acquiring an additional 4,782 shares in the last quarter. Deutsche Bank AG increased its holdings in Hub Group by 128.5% in the 4th quarter. Deutsche Bank AG now owns 94,651 shares of the transportation company’s stock worth $7,973,000 after buying an additional 53,220 shares in the last quarter. D. E. Shaw & Co. Inc. grew its stake in shares of 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 valued at $4,273,000 after purchasing an additional 11,881 shares during the period. California State Teachers Retirement System grew its stake in shares of Hub Group by 2.4% during the 4th quarter. California State Teachers Retirement System now owns 46,545 shares of the transportation company’s stock valued at $3,921,000 after purchasing an additional 1,107 shares during the period. Finally, Wells Fargo & Company MN grew its stake in shares of Hub Group by 66.6% during the 4th quarter. Wells Fargo & Company MN now owns 34,046 shares of the transportation company’s stock valued at $2,868,000 after purchasing an additional 13,608 shares during the period. 91.81% of the stock is owned by institutional investors and hedge funds.

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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