Hub Group (NASDAQ:HUBG) announced its quarterly earnings data on Thursday. The transportation company reported $0.74 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.22, Briefing.com reports. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the firm posted $0.55 EPS. Hub Group’s revenue for the quarter was up 18.8% on a year-over-year basis. Hub Group updated its FY18 guidance to $2.30-2.40 EPS.
Shares of Hub Group (NASDAQ HUBG) traded down $1.05 during midday trading on Friday, hitting $43.85. 246,489 shares of the stock were exchanged, compared to its average volume of 291,908. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.19 and a current ratio of 1.19. The stock has a market cap of $1,530.00, a P/E ratio of 28.06, a PEG ratio of 1.35 and a beta of 1.40. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50.
HUBG has been the topic of several recent analyst reports. Cowen reissued a “hold” rating and set a $40.00 price objective on shares of Hub Group in a research report on Thursday, October 12th. JPMorgan Chase & Co. raised their price target on shares of Hub Group from $40.00 to $48.00 and gave the company a “neutral” rating in a report on Thursday, October 12th. Buckingham Research began coverage on shares of Hub Group in a report on Friday, October 20th. They set a “neutral” rating and a $43.00 price target on the stock. Stephens raised shares of Hub Group from an “equal weight” rating to an “overweight” rating in a report on Friday, October 27th. Finally, BMO Capital Markets raised their price target on shares of Hub Group from $42.00 to $44.00 and gave the company a “market perform” rating in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.42.
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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