Hub Group, Inc. (NASDAQ:HUBG) Expected to Announce Quarterly Sales of $1.31 Billion

Equities analysts forecast that Hub Group, Inc. (NASDAQ:HUBGGet Rating) will announce sales of $1.31 billion for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hub Group’s earnings, with the highest sales estimate coming in at $1.34 billion and the lowest estimate coming in at $1.25 billion. Hub Group reported sales of $981.32 million during the same quarter last year, which indicates a positive year-over-year growth rate of 33.5%. The firm is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hub Group will report full-year sales of $5.37 billion for the current fiscal year, with estimates ranging from $5.30 billion to $5.44 billion. For the next financial year, analysts expect that the company will post sales of $5.34 billion, with estimates ranging from $4.44 billion to $5.85 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Hub Group.

Hub Group (NASDAQ:HUBGGet Rating) last released its quarterly earnings data on Thursday, April 28th. The transportation company reported $2.58 EPS for the quarter, topping the consensus estimate of $1.46 by $1.12. Hub Group had a return on equity of 18.49% and a net margin of 5.24%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The business’s quarterly revenue was up 41.2% compared to the same quarter last year.

Several research analysts have recently weighed in on the company. Cowen upped their target price on Hub Group from $95.00 to $109.00 in a research note on Friday, April 29th. Stephens downgraded Hub Group from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $97.00 to $93.00 in a research note on Thursday, March 31st. Wolfe Research reduced their price objective on Hub Group from $91.00 to $90.00 and set an “outperform” rating for the company in a research note on Tuesday, April 5th. Cowen increased their price objective on Hub Group from $95.00 to $109.00 in a research note on Friday, April 29th. Finally, KeyCorp reduced their price objective on Hub Group from $105.00 to $85.00 and set an “overweight” rating for the company in a research note on Monday, April 11th. Four equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $91.38.

Hub Group stock opened at $73.74 on Monday. The company has a current ratio of 1.42, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12. The firm has a market cap of $2.56 billion, a PE ratio of 10.36 and a beta of 0.94. The stock’s 50 day simple moving average is $72.67 and its two-hundred day simple moving average is $78.06. Hub Group has a 12 month low of $60.81 and a 12 month high of $87.21.

Several institutional investors and hedge funds have recently modified their holdings of HUBG. Leuthold Group LLC increased its position in shares of Hub Group by 0.3% during the 3rd quarter. Leuthold Group LLC now owns 42,271 shares of the transportation company’s stock worth $2,906,000 after purchasing an additional 124 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Hub Group by 3.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 4,641 shares of the transportation company’s stock worth $391,000 after purchasing an additional 147 shares during the last quarter. Point72 Hong Kong Ltd increased its position in shares of Hub Group by 38.1% during the 3rd quarter. Point72 Hong Kong Ltd now owns 602 shares of the transportation company’s stock worth $41,000 after purchasing an additional 166 shares during the last quarter. CIBC Asset Management Inc increased its position in shares of Hub Group by 4.4% during the 4th quarter. CIBC Asset Management Inc now owns 3,989 shares of the transportation company’s stock worth $336,000 after purchasing an additional 167 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in shares of Hub Group by 27.0% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 800 shares of the transportation company’s stock worth $55,000 after purchasing an additional 170 shares during the last quarter. 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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