Q3 2017 EPS Estimates for Hub Group, Inc. Cut by Analyst (HUBG)
Hub Group, Inc. (NASDAQ:HUBG) – Equities research analysts at KeyCorp dropped their Q3 2017 earnings per share (EPS) estimates for shares of Hub Group in a research note issued on Wednesday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $0.40 for the quarter, down from their previous estimate of $0.48.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08. Hub Group had a return on equity of 11.09% and a net margin of 1.84%. The company had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. During the same period in the previous year, the company earned $0.61 EPS. Hub Group’s quarterly revenue was up 8.1% on a year-over-year basis.
Other equities analysts have also issued reports about the company. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Wednesday, July 5th. Stifel Nicolaus upgraded Hub Group from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $45.00 in a report on Tuesday, May 30th. TheStreet lowered Hub Group from a “b” rating to a “c+” rating in a report on Friday, April 28th. BMO Capital Markets restated a “hold” rating and set a $42.00 target price on shares of Hub Group in a report on Friday, May 19th. Finally, Cowen and Company cut their target price on Hub Group from $42.00 to $40.00 and set a “market perform” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Hub Group currently has a consensus rating of “Hold” and an average price target of $40.83.
Shares of Hub Group (NASDAQ:HUBG) traded down 0.30% during midday trading on Friday, hitting $33.75. The stock had a trading volume of 55,587 shares. The firm has a 50-day moving average price of $38.04 and a 200-day moving average price of $42.13. The firm has a market cap of $1.15 billion, a price-to-earnings ratio of 16.85 and a beta of 1.42. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50.
Several large investors have recently modified their holdings of HUBG. BlackRock Inc. increased its stake in shares of Hub Group by 19,453.7% in the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock valued at $233,773,000 after buying an additional 5,012,438 shares in the last quarter. Norges Bank acquired a new stake in shares of Hub Group during the fourth quarter valued at about $22,949,000. FMR LLC increased its stake in shares of Hub Group by 10.7% in the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock valued at $151,754,000 after buying an additional 317,119 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Hub Group by 345.4% in the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock valued at $9,031,000 after buying an additional 182,622 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Hub Group by 472.7% in the first quarter. HighTower Advisors LLC now owns 190,203 shares of the transportation company’s stock valued at $8,823,000 after buying an additional 156,989 shares in the last quarter. 94.97% of the stock is currently owned by institutional investors.
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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