Zacks: Analysts Expect Hub Group, Inc. (NASDAQ:HUBG) to Announce $0.37 Earnings Per Share
Brokerages expect Hub Group, Inc. (NASDAQ:HUBG) to announce $0.37 earnings per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Hub Group’s earnings. The highest EPS estimate is $0.41 and the lowest is $0.32. Hub Group posted earnings per share of $0.61 in the same quarter last year, which would suggest a negative year-over-year growth rate of 39.3%. The company is expected to announce its next earnings results after the market closes on Wednesday, July 26th.
According to Zacks, analysts expect that Hub Group will report full-year earnings of $1.70 per share for the current year, with EPS estimates ranging from $1.65 to $1.78. For the next year, analysts expect that the company will post earnings of $2.15 per share, with EPS estimates ranging from $1.98 to $2.45. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Hub Group.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, April 26th. The transportation company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.01. The firm had revenue of $893.45 million during the quarter, compared to analyst estimates of $891.96 million. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. Hub Group’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.51 earnings per share.
Several research firms have recently commented on HUBG. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Wednesday, July 5th. BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Cowen and Company reiterated a “market perform” rating and set a $41.00 price target (down previously from $44.00) on shares of Hub Group in a report on Thursday, April 27th. Stifel Nicolaus reiterated a “hold” rating and set a $44.00 price target (down previously from $51.00) on shares of Hub Group in a report on Friday, April 14th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $42.00 price target on shares of Hub Group in a report on Friday, May 19th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $42.43.
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A number of hedge funds have recently bought and sold shares of the stock. Quantbot Technologies LP acquired a new stake in shares of Hub Group during the first quarter worth about $112,000. Ameritas Investment Partners Inc. purchased a new position in Hub Group during the first quarter worth approximately $134,000. State of Alaska Department of Revenue increased its position in Hub Group by 1.7% in the first quarter. State of Alaska Department of Revenue now owns 3,690 shares of the transportation company’s stock worth $171,000 after buying an additional 60 shares during the period. Stevens Capital Management LP purchased a new position in Hub Group during the first quarter worth approximately $203,000. Finally, Amalgamated Bank purchased a new position in Hub Group during the first quarter worth approximately $206,000. 94.97% of the stock is currently owned by institutional investors.
Shares of Hub Group (NASDAQ:HUBG) opened at 40.30 on Wednesday. The stock has a market cap of $1.38 billion, a P/E ratio of 20.12 and a beta of 1.42. The company’s 50-day moving average is $37.84 and its 200-day moving average is $42.24. Hub Group has a 1-year low of $33.45 and a 1-year high of $52.50.
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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