Hub Group (HUBG) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS
Hub Group (NASDAQ:HUBG) issued its quarterly earnings data on Tuesday. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.48 by $0.02, AnalystRatings.NET reports. The company had revenue of $885.00 million for the quarter, compared to the consensus estimate of $874.11 million.
Hub Group (NASDAQ:HUBG) traded down 0.12% during mid-day trading on Tuesday, hitting $40.25. 219,666 shares of the company’s stock traded hands. Hub Group has a 52 week low of $33.10 and a 52 week high of $43.09. The stock’s 50-day moving average is $39.92 and its 200-day moving average is $38.21. The company has a market cap of $1.515 billion and a price-to-earnings ratio of 20.88.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Hub Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 10th. They now have a $39.10 price target on the stock. Analysts at Wells Fargo & Co. upgraded shares of Hub Group from an “underperform” rating to a “market perform” rating in a research note to investors on Thursday, December 5th. Ten analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and a consensus target price of $39.39.
Hub Group, Inc is an asset-light freight transportation management companies. The Company offers intermodal, truck brokerage and logistics services.
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