Hub Group, Inc. (HUBG) to Release Quarterly Earnings on Tuesday
Hub Group, Inc. (NASDAQ:HUBG) will issue its quarterly earnings data after the market closes on Tuesday, October 24th. Analysts expect the company to announce earnings of $0.47 per share for the quarter.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.08). The business had revenue of $924.50 million during the quarter, compared to the consensus estimate of $930.59 million. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. Hub Group’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.61 earnings per share. On average, analysts expect Hub Group to post $1.59 EPS for the current fiscal year and $2.1 EPS for the next fiscal year.
Shares of Hub Group, Inc. (HUBG) opened at 38.60 on Tuesday. The stock has a 50 day moving average price of $40.43 and a 200-day moving average price of $38.47. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 22.99 and a beta of 1.41. Hub Group, Inc. has a 12 month low of $33.17 and a 12 month high of $52.50.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of the stock in a transaction on Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the sale, the director now owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.36% of the stock is currently owned by company insiders.
Several brokerages recently issued reports on HUBG. Zacks Investment Research raised Hub Group from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research note on Monday, October 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $50.00 price objective on shares of Hub Group in a research note on Sunday, October 1st. Barclays PLC increased their price objective on Hub Group from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Monday, October 2nd. Loop Capital began coverage on Hub Group in a research note on Tuesday, October 3rd. They issued a “hold” rating and a $47.00 price objective on the stock. Finally, KeyCorp reissued a “hold” rating on shares of Hub Group in a research note on Tuesday, September 26th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $45.00.
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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