Analysts expect Hubbell Incorporated (NYSE:HUBB) to announce $1.17 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Hubbell’s earnings. The highest sales estimate is $1.18 billion and the lowest is $1.16 billion. Hubbell reported sales of $950.50 million during the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, October 23rd.

According to Zacks, analysts expect that Hubbell will report full-year sales of $4.44 billion for the current fiscal year, with estimates ranging from $4.42 billion to $4.47 billion. For the next financial year, analysts anticipate that the firm will report sales of $4.64 billion, with estimates ranging from $4.61 billion to $4.66 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Hubbell.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, July 24th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.19. Hubbell had a net margin of 6.45% and a return on equity of 21.57%. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm posted $1.43 EPS. Hubbell’s revenue was up 23.0% compared to the same quarter last year.

Several analysts recently issued reports on HUBB shares. Zacks Investment Research raised shares of Hubbell from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research report on Wednesday, June 27th. ValuEngine raised shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Tuesday, August 14th. Wolfe Research started coverage on shares of Hubbell in a research report on Wednesday, June 27th. They issued a “market perform” rating for the company. Wells Fargo & Co reissued an “outperform” rating and issued a $140.00 price target (up previously from $135.00) on shares of Hubbell in a research report on Wednesday, July 25th. Finally, JMP Securities raised shares of Hubbell from a “market perform” rating to an “outperform” rating in a research report on Monday, June 18th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Hubbell presently has an average rating of “Buy” and a consensus target price of $143.00.

NYSE HUBB traded up $3.21 during mid-day trading on Thursday, hitting $126.10. The company’s stock had a trading volume of 406,400 shares, compared to its average volume of 465,073. Hubbell has a twelve month low of $100.55 and a twelve month high of $149.03. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 1.12. The company has a market cap of $7.32 billion, a P/E ratio of 20.97, a PEG ratio of 1.83 and a beta of 1.08.

A number of institutional investors and hedge funds have recently bought and sold shares of HUBB. Legal & General Group Plc raised its stake in shares of Hubbell by 0.7% during the 1st quarter. Legal & General Group Plc now owns 74,028 shares of the industrial products company’s stock worth $9,016,000 after purchasing an additional 479 shares during the period. Crossmark Global Holdings Inc. raised its stake in shares of Hubbell by 8.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,317 shares of the industrial products company’s stock worth $774,000 after purchasing an additional 560 shares during the period. Suntrust Banks Inc. raised its stake in shares of Hubbell by 3.0% during the 1st quarter. Suntrust Banks Inc. now owns 19,209 shares of the industrial products company’s stock worth $2,338,000 after purchasing an additional 565 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Hubbell by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,415 shares of the industrial products company’s stock worth $2,264,000 after purchasing an additional 617 shares during the period. Finally, OppenheimerFunds Inc. raised its stake in shares of Hubbell by 8.1% during the 1st quarter. OppenheimerFunds Inc. now owns 8,793 shares of the industrial products company’s stock worth $1,071,000 after purchasing an additional 656 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

About Hubbell

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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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