Hub Group (HUBG) Set to Announce Earnings on Thursday

Hub Group (NASDAQ:HUBG) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, April 25th. Analysts expect Hub Group to post 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.Individual that wish to register for the company’s earnings conference call can do so using this link.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The company 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 posted $2.42 earnings per share. The firm’s quarterly 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 Up 1.3 %

NASDAQ:HUBG opened at $40.34 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29. Hub Group has a one year low of $31.73 and a one year high of $47.58. The business’s 50-day simple moving average is $42.17 and its 200 day simple moving average is $41.60. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of 15.49 and a beta of 0.89.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is 19.19%.

Analyst Ratings Changes

Several research analysts recently commented on HUBG shares. Stifel Nicolaus boosted their price target on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. Susquehanna cut their price target on Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research note on Monday, March 25th. Benchmark restated a “buy” rating and set a $49.00 price objective on shares of Hub Group in a research note on Wednesday, April 10th. Morgan Stanley upped their price objective on Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, February 12th. Finally, TD Cowen upped their price objective on Hub Group from $52.00 to $54.00 and gave the company an “outperform” rating in a research note on Friday, February 2nd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $46.63.

About Hub Group

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.