Hub Group (NASDAQ:HUBG) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Hub Group (NASDAQ:HUBG) announced its earnings results on Thursday. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04, Briefing.com reports. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. The company’s revenue was down 16.7% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Hub Group updated its FY24 guidance to $1.80-$2.25 EPS and its FY 2024 guidance to 1.800-2.250 EPS.

Hub Group Stock Performance

HUBG stock traded up $0.09 during midday trading on Friday, reaching $40.28. The company had a trading volume of 192,118 shares, compared to its average volume of 489,975. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a 50 day moving average price of $41.97 and a 200 day moving average price of $41.58. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The firm has a market capitalization of $2.53 billion, a PE ratio of 15.50 and a beta of 0.89.

Hub Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.24%. Hub Group’s payout ratio is currently 19.19%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on HUBG. Stifel Nicolaus raised their target price on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Stephens lowered their target price on Hub Group from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Friday. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their target price on Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Benchmark reiterated a “buy” rating and issued a $49.00 price target on shares of Hub Group in a research note on Wednesday, April 10th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.46.

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.