Hub Group, Inc. (HUBG) Expected to Announce Quarterly Sales of $1.10 Billion

Equities analysts expect that Hub Group, Inc. (NASDAQ:HUBG) will report sales of $1.10 billion for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Hub Group’s earnings, with estimates ranging from $1.03 billion to $1.14 billion. Hub Group posted sales of $978.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The company is expected to announce its next earnings report on Thursday, February 1st.

According to Zacks, analysts expect that Hub Group will report full-year sales of $1.10 billion for the current fiscal year, with estimates ranging from $3.90 billion to $4.01 billion. For the next year, analysts expect that the business will report sales of $4.35 billion per share, with estimates ranging from $4.08 billion to $4.49 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Hub Group.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The firm had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue was up 13.0% on a year-over-year basis.

HUBG has been the subject of several recent research reports. Cowen reaffirmed a “hold” rating and issued a $40.00 price objective on shares of Hub Group in a research report on Monday, August 28th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $45.00 price objective on shares of Hub Group in a research report on Thursday, September 7th. Zacks Investment Research raised shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Monday, September 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $42.00 price objective on shares of Hub Group in a research report on Wednesday, September 20th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Hub Group in a research report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $47.58.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its stake in Hub Group by 275.6% during the third quarter. GSA Capital Partners LLP now owns 26,680 shares of the transportation company’s stock worth $1,146,000 after purchasing an additional 19,577 shares during the last quarter. Fieldpoint Private Securities LLC bought a new position in Hub Group during the third quarter worth $100,000. Walthausen & Co. LLC bought a new position in Hub Group during the third quarter worth $7,259,000. California Public Employees Retirement System lifted its stake in Hub Group by 8.1% during the third quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock worth $3,565,000 after purchasing an additional 6,203 shares during the last quarter. Finally, Point72 Asset Management L.P. lifted its stake in Hub Group by 162.0% during the third quarter. Point72 Asset Management L.P. now owns 118,700 shares of the transportation company’s stock worth $5,098,000 after purchasing an additional 73,400 shares during the last quarter. Hedge funds and other institutional investors own 93.84% of the company’s stock.

Shares of Hub Group (HUBG) opened at $48.35 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Hub Group has a 1 year low of $33.17 and a 1 year high of $52.50. The stock has a market cap of $1,690.00, a P/E ratio of 30.22, a price-to-earnings-growth ratio of 1.85 and a beta of 1.49.

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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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Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

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