Analysts Expect Hubbell Incorporated (NYSE:HUBB) to Announce $2.41 EPS

Analysts expect Hubbell Incorporated (NYSE:HUBBGet Rating) to post earnings of $2.41 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Hubbell’s earnings, with the highest EPS estimate coming in at $2.49 and the lowest estimate coming in at $2.33. Hubbell posted earnings of $2.36 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.1%. The company is expected to announce its next earnings report on Monday, January 1st.

On average, analysts expect that Hubbell will report full year earnings of $9.33 per share for the current fiscal year, with EPS estimates ranging from $9.18 to $9.55. For the next year, analysts forecast that the business will post earnings of $10.39 per share, with EPS estimates ranging from $10.15 to $10.75. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Hubbell.

Hubbell (NYSE:HUBBGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $2.12 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.26. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.09 billion. Hubbell had a return on equity of 21.89% and a net margin of 10.77%. The firm’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.72 EPS.

A number of equities analysts have issued reports on the company. Morgan Stanley lowered their target price on Hubbell from $200.00 to $190.00 and set an “equal weight” rating for the company in a report on Tuesday. upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, April 30th. Wells Fargo & Company increased their target price on Hubbell from $181.00 to $200.00 in a report on Thursday, April 28th. Mizuho lowered their target price on Hubbell from $240.00 to $220.00 and set a “buy” rating for the company in a report on Monday, February 7th. Finally, Zacks Investment Research upgraded Hubbell from a “sell” rating to a “hold” rating in a report on Tuesday, February 15th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from, Hubbell has a consensus rating of “Hold” and an average price target of $204.50.

In other Hubbell news, Director Carlos M. Cardoso sold 749 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $193.73, for a total transaction of $145,103.77. Following the completion of the sale, the director now directly owns 1,744 shares in the company, valued at $337,865.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.82% of the company’s stock.

A number of large investors have recently made changes to their positions in HUBB. Lazard Asset Management LLC bought a new position in Hubbell in the fourth quarter valued at approximately $28,000. First Manhattan Co. bought a new position in Hubbell in the first quarter valued at approximately $28,000. Concord Wealth Partners increased its stake in Hubbell by 173.8% in the fourth quarter. Concord Wealth Partners now owns 167 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 106 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of Hubbell during the fourth quarter worth $36,000. Finally, Zullo Investment Group Inc. bought a new stake in shares of Hubbell during the fourth quarter worth $41,000. 86.37% of the stock is currently owned by institutional investors and hedge funds.

Hubbell stock traded up $1.64 during mid-day trading on Friday, hitting $193.42. 203,228 shares of the company’s stock were exchanged, compared to its average volume of 252,761. The firm has a market capitalization of $10.38 billion, a P/E ratio of 21.09, a PEG ratio of 2.06 and a beta of 1.13. Hubbell has a fifty-two week low of $170.76 and a fifty-two week high of $212.54. The company has a quick ratio of 1.27, a current ratio of 2.00 and a debt-to-equity ratio of 0.65. The company’s 50 day simple moving average is $189.92 and its 200-day simple moving average is $192.73.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Tuesday, May 31st will be issued a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date is Friday, May 27th. Hubbell’s payout ratio is currently 45.80%.

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.

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