Hub Group (HUBG) Set to Announce Earnings on Thursday

Hub Group (NASDAQ:HUBG) is scheduled to be issuing its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Hub Group has set its FY24 guidance at $2.00-2.50 EPS and its FY 2024 guidance at 2.000-2.500 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The business had revenue of $985.60 million for the quarter, compared to analysts’ expectations of $997.67 million. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The business’s revenue was down 23.3% on a year-over-year basis. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hub Group Trading Down 4.2 %

Shares of Hub Group stock opened at $39.05 on Thursday. The firm has a market cap of $2.45 billion, a PE ratio of 14.99 and a beta of 0.89. Hub Group has a 1 year low of $31.73 and a 1 year high of $47.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The stock has a fifty day moving average price of $42.60 and a 200-day moving average price of $41.57.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group’s dividend payout ratio is 19.19%.

Analyst Ratings Changes

A number of research firms recently commented on HUBG. Morgan Stanley lifted their price target on shares of Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Stifel Nicolaus boosted their target price on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Wells Fargo & Company increased their price target on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. TD Cowen lifted their price objective on Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a report on Friday, February 2nd. Finally, Susquehanna dropped their price objective on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Monday, March 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.63.

Institutional Investors Weigh In On Hub Group

Several hedge funds and other institutional investors have recently modified their holdings of HUBG. Price T Rowe Associates Inc. MD grew its stake in Hub Group by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 20,250 shares of the transportation company’s stock valued at $1,862,000 after acquiring an additional 777 shares in the last quarter. GTS Securities LLC bought a new position in Hub Group in the 4th quarter valued at $428,000. Barclays PLC grew its position in shares of Hub Group by 119.8% during the 4th quarter. Barclays PLC now owns 58,627 shares of the transportation company’s stock valued at $5,390,000 after purchasing an additional 31,952 shares in the last quarter. Weiss Multi Strategy Advisers LLC bought a new position in shares of Hub Group in the fourth quarter worth $1,103,000. Finally, Nuveen Asset Management LLC raised its position in shares of Hub Group by 8.9% in the fourth quarter. Nuveen Asset Management LLC now owns 366,637 shares of the transportation company’s stock worth $33,709,000 after buying an additional 29,906 shares in the last quarter. 46.77% of the stock is currently owned by institutional investors.

Hub Group Company Profile

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.