Equities analysts predict that Hubbell Incorporated (NYSE:HUBB) will report sales of $971.38 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Hubbell’s earnings. The lowest sales estimate is $967.00 million and the highest is $978.70 million. Hubbell reported sales of $852.30 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 14%. The company is scheduled to report its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Hubbell will report full year sales of $971.38 million for the current fiscal year, with estimates ranging from $4.24 billion to $4.35 billion. For the next fiscal year, analysts forecast that the company will report sales of $4.51 billion per share, with estimates ranging from $4.44 billion to $4.59 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Hubbell.
Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.54 EPS for the quarter, beating the consensus estimate of $1.42 by $0.12. Hubbell had a net margin of 6.63% and a return on equity of 20.16%. The business had revenue of $917.70 million during the quarter, compared to the consensus estimate of $901.23 million. During the same period in the previous year, the business earned $1.35 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis.
Hubbell (NYSE HUBB) opened at $132.10 on Monday. Hubbell has a 1 year low of $109.32 and a 1 year high of $149.03. The company has a market cap of $7,225.87, a P/E ratio of 30.02, a price-to-earnings-growth ratio of 1.84 and a beta of 1.01. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.37 and a current ratio of 2.27.
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.77 per share. The ex-dividend date is Tuesday, February 27th. This represents a $3.08 annualized dividend and a dividend yield of 2.33%. Hubbell’s dividend payout ratio (DPR) is presently 70.00%.
Hubbell declared that its Board of Directors has initiated a stock repurchase program on Friday, October 20th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the industrial products company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.
Several large investors have recently made changes to their positions in HUBB. Cubist Systematic Strategies LLC acquired a new position in shares of Hubbell during the second quarter worth $182,000. Advisors Asset Management Inc. increased its holdings in shares of Hubbell by 1,122.0% during the third quarter. Advisors Asset Management Inc. now owns 1,613 shares of the industrial products company’s stock worth $187,000 after buying an additional 1,481 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Hubbell during the third quarter worth $221,000. Oakwood Capital Management LLC CA acquired a new position in shares of Hubbell during the fourth quarter worth $225,000. Finally, MPS Loria Financial Planners LLC acquired a new position in shares of Hubbell during the second quarter worth $255,000. Institutional investors own 85.30% of the company’s stock.
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Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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