Hub Group, Inc. (NASDAQ:HUBG) Issues Quarterly Earnings Results
Hub Group, Inc. (NASDAQ:HUBG) posted its earnings results on Wednesday. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08, Bloomberg Earnings reports. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. The business had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s revenue was up 8.1% compared to the same quarter last year.
Hub Group (NASDAQ:HUBG) traded down 1.24% during midday trading on Wednesday, hitting $39.80. 445,780 shares of the company’s stock traded hands. The company has a market capitalization of $1.36 billion, a PE ratio of 19.87 and a beta of 1.42. Hub Group has a 52 week low of $33.45 and a 52 week high of $52.50. The company has a 50 day moving average of $37.84 and a 200-day moving average of $42.24.
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Several research firms have weighed in on HUBG. Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Stifel Nicolaus restated a “hold” rating and set a $44.00 target price (down from $51.00) on shares of Hub Group in a report on Friday, April 14th. Cowen and Company raised their target price on shares of Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a report on Wednesday, May 31st. Finally, J P Morgan Chase & Co began coverage on shares of Hub Group in a report on Tuesday, May 23rd. They set a “neutral” rating and a $37.00 target price for the company. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $42.43.
About Hub Group
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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