Hubbell (NYSE:HUBB – Get Free Report) will be issuing its quarterly earnings data before the market opens on Tuesday, April 30th. Analysts expect the company to announce earnings of $3.54 per share for the quarter. Hubbell has set its FY24 guidance at $16.00-16.50 EPS and its FY 2024 guidance at 16.000-16.500 EPS.Parties interested in listening to the company’s conference call can do so using this link.
Hubbell (NYSE:HUBB – Get Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $3.69 EPS for the quarter, topping analysts’ consensus estimates of $3.58 by $0.11. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Hubbell had a return on equity of 30.82% and a net margin of 14.14%. The company’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the company earned $2.60 earnings per share. On average, analysts expect Hubbell to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Hubbell Price Performance
Hubbell stock opened at $407.53 on Friday. The firm has a market capitalization of $21.86 billion, a P/E ratio of 29.01, a PEG ratio of 2.45 and a beta of 0.94. Hubbell has a 1 year low of $248.37 and a 1 year high of $429.61. The business has a 50-day moving average of $395.96 and a 200-day moving average of $342.87. The company has a current ratio of 1.64, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70.
Analyst Ratings Changes
Check Out Our Latest Stock Report on HUBB
Insider Activity
In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the sale, the vice president now owns 3,646 shares in the company, valued at approximately $1,286,090.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Hubbell news, VP Nero Jonathan M. Del sold 1,098 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $352.74, for a total value of $387,308.52. Following the sale, the vice president now owns 3,646 shares in the company, valued at approximately $1,286,090.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Eugene Mikes sold 397 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $363.45, for a total value of $144,289.65. Following the completion of the sale, the insider now owns 4,899 shares in the company, valued at approximately $1,780,541.55. The disclosure for this sale can be found here. Insiders have sold 34,125 shares of company stock worth $12,065,100 in the last 90 days. Corporate insiders own 0.66% of the company’s stock.
About Hubbell
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. 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.
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