Analysts Offer Predictions for Hub Group Inc’s Q1 2018 Earnings (HUBG)

Hub Group Inc (NASDAQ:HUBG) – KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for Hub Group in a research report issued on Thursday. KeyCorp analyst T. Fowler anticipates that the transportation company will post earnings of $0.43 per share for the quarter. KeyCorp also issued estimates for Hub Group’s Q2 2018 earnings at $0.50 EPS and Q3 2018 earnings at $0.56 EPS.

Other analysts have also recently issued research reports about the stock. UBS Group increased their price target on shares of Hub Group from $47.00 to $48.00 and gave the company a “buy” rating in a research note on Friday, October 27th. BidaskClub raised shares of Hub Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research note on Tuesday, January 16th. Wells Fargo & Co reissued a “market perform” rating and issued a $46.00 price target (up previously from $37.00) on shares of Hub Group in a research note on Thursday, November 2nd. They noted that the move was a valuation call. Finally, BMO Capital Markets increased their price target on shares of Hub Group from $42.00 to $44.00 and gave the company a “market perform” rating in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the stock. Hub Group has an average rating of “Hold” and a consensus target price of $48.42.

Shares of Hub Group (NASDAQ:HUBG) opened at $43.75 on Monday. Hub Group has a one year low of $33.17 and a one year high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The firm has a market cap of $1,492.44, a P/E ratio of 23.03, a PEG ratio of 1.27 and a beta of 1.40.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.79%. The business had revenue of $1.16 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter in the prior year, the company posted $0.55 EPS. The business’s revenue for the quarter was up 18.8% on a year-over-year basis.

Several hedge funds have recently modified their holdings of HUBG. 1060 Capital LLC acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $32,074,000. Bank of New York Mellon Corp lifted its holdings in shares of Hub Group by 97.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock worth $55,074,000 after acquiring an additional 634,448 shares during the last quarter. SG Capital Management LLC acquired a new position in shares of Hub Group in the 3rd quarter worth approximately $15,654,000. Citadel Advisors LLC lifted its holdings in shares of Hub Group by 256.9% in the 3rd quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock worth $20,913,000 after acquiring an additional 350,468 shares during the last quarter. Finally, Granite Investment Partners LLC acquired a new position in shares of Hub Group in the 4th quarter worth approximately $14,668,000. Hedge funds and other institutional investors own 92.90% of the company’s stock.

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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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