Wall Street brokerages predict that Hub Group Inc (NASDAQ:HUBG) will announce sales of $999.04 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Hub Group’s earnings. The lowest sales estimate is $947.52 million and the highest is $1.02 billion. Hub Group posted sales of $893.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 11.8%. The company is expected to report its next quarterly earnings report on Wednesday, April 25th.

On average, analysts expect that Hub Group will report full year sales of $999.04 million for the current financial year, with estimates ranging from $4.08 billion to $4.46 billion. For the next financial year, analysts forecast that the company will report sales of $4.63 billion per share, with estimates ranging from $4.55 billion to $4.76 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Hub Group.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The company had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same period in the prior year, the firm earned $0.55 earnings per share. Hub Group’s revenue for the quarter was up 18.8% on a year-over-year basis.

A number of brokerages have recently weighed in on HUBG. Loop Capital upped their target price on Hub Group to $52.00 and gave the stock a “hold” rating in a research report on Monday. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Tuesday, January 16th. Stephens reaffirmed an “overweight” rating and set a $57.00 target price (up from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. BidaskClub lowered Hub Group from a “buy” rating to a “hold” rating in a research report on Friday, January 26th. Finally, UBS Group upped their target price on Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $48.83.

Hub Group (HUBG) opened at $44.70 on Tuesday. The company has a current ratio of 1.24, a quick ratio of 1.19 and a debt-to-equity ratio of 0.29. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The firm has a market capitalization of $1,492.44, a P/E ratio of 23.03, a PEG ratio of 1.24 and a beta of 1.40.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Fieldpoint Private Securities LLC purchased a new stake in Hub Group in the 3rd quarter valued at $100,000. Zions Bancorporation purchased a new stake in Hub Group in the 3rd quarter valued at $143,000. Public Employees Retirement System of Ohio raised its position in Hub Group by 12.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock valued at $195,000 after buying an additional 573 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Hub Group in the 4th quarter valued at $205,000. Finally, Aperio Group LLC purchased a new stake in Hub Group in the 4th quarter valued at $217,000. 92.89% of the stock is owned by institutional investors and hedge funds.

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About Hub Group

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).

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