Hub Group, Inc. (NASDAQ:HUBG) – Investment analysts at KeyCorp cut their Q3 2017 earnings per share (EPS) estimates for Hub Group in a report issued on Wednesday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $0.40 for the quarter, down from their prior forecast of $0.48.

HUBG has been the topic of several other reports. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, April 7th. TheStreet cut shares of Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. Cowen and Company boosted their price target on shares of Hub Group from $41.00 to $42.00 and gave the stock a “market perform” rating in a research report on Wednesday, May 31st. Stifel Nicolaus raised shares of Hub Group from a “hold” rating to a “buy” rating and boosted their price target for the stock from $44.00 to $45.00 in a research report on Tuesday, May 30th. Finally, J P Morgan Chase & Co started coverage on shares of Hub Group in a research report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $40.83.

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Hub Group (HUBG) traded down 0.30% during trading on Friday, reaching $33.75. The company’s stock had a trading volume of 55,687 shares. The company’s 50 day moving average price is $38.04 and its 200 day moving average price is $42.13. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50. The company has a market cap of $1.15 billion, a P/E ratio of 16.85 and a beta of 1.42.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. The company had revenue of $924.50 million for the quarter, compared to the consensus estimate of $930.59 million. During the same quarter last year, the business earned $0.61 earnings per share. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis.

Large investors have recently modified their holdings of the stock. Miles Capital Inc. boosted its stake in shares of Hub Group by 0.3% in the first quarter. Miles Capital Inc. now owns 5,105 shares of the transportation company’s stock worth $237,000 after buying an additional 13 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the last quarter. Anchor Capital Advisors LLC boosted its stake in shares of Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock worth $1,315,000 after buying an additional 94 shares during the last quarter. Louisiana State Employees Retirement System boosted its stake in shares of Hub Group by 2.3% in the first quarter. Louisiana State Employees Retirement System now owns 13,600 shares of the transportation company’s stock worth $631,000 after buying an additional 300 shares during the last quarter. Finally, Alambic Investment Management L.P. boosted its stake in shares of Hub Group by 3.9% in the first quarter. Alambic Investment Management L.P. now owns 7,900 shares of the transportation company’s stock worth $367,000 after buying an additional 300 shares during the last quarter. 94.97% of the stock is currently owned by institutional investors.

Hub Group Company Profile

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).

Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

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