Seaport Global Securities Research Analysts Cut Earnings Estimates for Hub Group, Inc. (HUBG)
Hub Group, Inc. (NASDAQ:HUBG) – Seaport Global Securities lowered their Q1 2018 earnings per share estimates for Hub Group in a research report issued on Friday. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $0.37 for the quarter, down from their prior estimate of $0.39. Seaport Global Securities also issued estimates for Hub Group’s Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.44 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.69 EPS and FY2019 earnings at $2.50 EPS.
A number of other equities research analysts have also weighed in on the company. Cowen and Company restated a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research report on Monday, August 28th. BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research report on Wednesday, September 20th. KeyCorp restated a “neutral” rating on shares of Hub Group in a research report on Friday, August 25th. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, July 5th. Finally, BidaskClub upgraded Hub Group from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and five have given a buy rating to the company. Hub Group presently has an average rating of “Hold” and a consensus target price of $45.30.
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Hub Group (NASDAQ:HUBG) opened at 44.65 on Monday. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50. The stock’s 50 day moving average price is $40.65 and its 200 day moving average price is $38.10. The firm has a market cap of $1.52 billion, a price-to-earnings ratio of 26.59 and a beta of 1.41.
Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.06. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year.
A number of institutional investors and hedge funds have recently made changes to their positions in HUBG. Quantbot Technologies LP lifted its holdings in Hub Group by 37.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,338 shares of the transportation company’s stock worth $128,000 after buying an additional 915 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Hub Group by 12.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,079 shares of the transportation company’s stock worth $195,000 after buying an additional 573 shares during the period. Amalgamated Bank acquired a new position in Hub Group during the 1st quarter worth about $206,000. US Bancorp DE lifted its holdings in Hub Group by 235.9% during the 2nd quarter. US Bancorp DE now owns 5,525 shares of the transportation company’s stock worth $212,000 after buying an additional 3,880 shares during the period. Finally, State of Alaska Department of Revenue lifted its holdings in Hub Group by 79.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,608 shares of the transportation company’s stock worth $253,000 after buying an additional 2,918 shares during the period. 89.95% of the stock is currently owned by hedge funds and other institutional investors.
In other Hub Group news, Director Charles R. Reaves sold 6,000 shares of Hub Group stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $37.60, for a total transaction of $225,600.00. Following the transaction, the director now directly owns 67,947 shares of the company’s stock, valued at approximately $2,554,807.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.36% of the stock is currently owned by insiders.
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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