Hub Group (NASDAQ:HUBG – Get Free Report) released its earnings results on Wednesday. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03, Briefing.com reports. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a net margin of 2.89% and a return on equity of 7.37%. The business’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the business earned $0.49 EPS. Hub Group updated its FY24 guidance to $1.85-1.95 EPS and its FY 2024 guidance to 1.850-1.950 EPS.
Hub Group Price Performance
HUBG stock traded down $0.46 during trading on Thursday, hitting $43.29. The stock had a trading volume of 318,140 shares, compared to its average volume of 445,053. Hub Group has a 1-year low of $33.38 and a 1-year high of $48.39. The stock has a market cap of $2.70 billion, a price-to-earnings ratio of 20.60 and a beta of 0.88. The company’s 50 day moving average price is $44.32 and its two-hundred day moving average price is $43.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32.
Hub Group Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.
Wall Street Analysts Forecast Growth
Read Our Latest Report on HUBG
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.
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