Hub Group, Inc. (HUBG) Expected to Announce Quarterly Sales of $1.03 Billion
Wall Street brokerages expect Hub Group, Inc. (NASDAQ:HUBG) to post sales of $1.03 billion for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Hub Group’s earnings, with estimates ranging from $990.02 million to $1.06 billion. Hub Group reported sales of $932.81 million in the same quarter last year, which indicates a positive year over year growth rate of 10.4%. The company is expected to issue its next earnings report on Wednesday, October 25th.
According to Zacks, analysts expect that Hub Group will report full year sales of $1.03 billion for the current year, with estimates ranging from $3.84 billion to $3.98 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.27 billion per share, with estimates ranging from $4.07 billion to $4.37 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Hub Group.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by $0.08. Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The business 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 business earned $0.61 EPS. The business’s revenue was up 8.1% on a year-over-year basis.
A number of brokerages have issued reports on HUBG. KeyCorp reissued a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Zacks Investment Research downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 8th. Cowen and Company restated a “hold” rating and issued a $40.00 price target on shares of Hub Group in a research note on Monday, August 28th. Finally, Barclays PLC dropped their price target on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Thursday, July 27th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Hub Group presently has a consensus rating of “Hold” and an average target price of $40.83.
In related news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the transaction, the director now owns 67,947 shares in the company, valued at $2,554,807.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 5.36% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Miles Capital Inc. increased its position in shares of Hub Group by 0.3% in the first quarter. Miles Capital Inc. now owns 5,105 shares of the transportation company’s stock worth $237,000 after buying an additional 13 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of 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 last quarter. Anchor Capital Advisors LLC increased its position in shares of Hub Group by 0.3% in the first quarter. Anchor Capital Advisors LLC now owns 28,341 shares of the transportation company’s stock worth $1,315,000 after buying an additional 94 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Hub Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock worth $937,000 after buying an additional 208 shares during the last quarter. Finally, Macquarie Group Ltd. increased its position in shares of Hub Group by 0.8% in the second quarter. Macquarie Group Ltd. now owns 30,566 shares of the transportation company’s stock worth $1,172,000 after buying an additional 232 shares during the last quarter. Hedge funds and other institutional investors own 91.11% of the company’s stock.
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Shares of Hub Group (HUBG) opened at 38.45 on Friday. The firm has a 50 day moving average price of $36.69 and a 200 day moving average price of $40.28. The stock has a market cap of $1.31 billion, a PE ratio of 22.90 and a beta of 1.37. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50.
Hub Group Company Profile
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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