Hub Group Inc (HUBG) Expected to Announce Quarterly Sales of $999.04 Million

Analysts predict that Hub Group Inc (NASDAQ:HUBG) will report $999.04 million in sales for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Hub Group’s earnings, with estimates ranging from $947.52 million to $1.02 billion. Hub Group reported sales of $893.45 million in the same quarter last year, which indicates a positive year over year growth rate of 11.8%. The business is scheduled to issue its next earnings results on Wednesday, April 25th.

On average, analysts expect that Hub Group will report full year sales of $999.04 million for the current year, with estimates ranging from $4.08 billion to $4.46 billion. For the next fiscal year, analysts expect that the firm will report sales of $4.63 billion per share, with estimates ranging from $4.55 billion to $4.76 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Hub Group.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.22. The company had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The company’s revenue for the quarter was up 18.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 earnings per share.

Several analysts have commented on HUBG shares. UBS Group boosted their target price on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research report on Friday, October 27th. BidaskClub raised shares of Hub Group from a “hold” rating to a “buy” rating in a research report 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 target price for the company in a research report on Tuesday, January 16th. Loop Capital boosted their target price on shares of Hub Group to $52.00 and gave the stock a “hold” rating in a research report on Monday. Finally, Wells Fargo & Co restated a “market perform” rating and issued a $46.00 price objective (up 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. One equities 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 company. The stock has a consensus rating of “Hold” and a consensus target price of $48.83.

Several institutional investors have recently modified their holdings of HUBG. UBS Asset Management Americas Inc. lifted its stake in shares of Hub Group by 3.2% in the second quarter. UBS Asset Management Americas Inc. now owns 25,148 shares of the transportation company’s stock worth $964,000 after buying an additional 782 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock worth $111,019,000 after buying an additional 67,018 shares during the last quarter. California Public Employees Retirement System lifted its stake in shares of Hub Group by 10.2% in the second quarter. California Public Employees Retirement System now owns 76,800 shares of the transportation company’s stock worth $2,945,000 after buying an additional 7,100 shares during the last quarter. Suntrust Banks Inc. lifted its stake in shares of Hub Group by 20.1% in the second quarter. Suntrust Banks Inc. now owns 7,060 shares of the transportation company’s stock worth $270,000 after buying an additional 1,180 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its stake in shares of Hub Group by 32.4% in the second quarter. Parametric Portfolio Associates LLC now owns 65,329 shares of the transportation company’s stock worth $2,505,000 after buying an additional 15,982 shares during the last quarter. Institutional investors and hedge funds own 92.89% of the company’s stock.

Shares of Hub Group (HUBG) opened at $44.70 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.24 and a quick ratio of 1.19. The company has a market cap of $1,492.44, a P/E ratio of 23.03, a price-to-earnings-growth ratio of 1.24 and a beta of 1.40. Hub Group has a 1 year low of $33.17 and a 1 year high of $52.50.

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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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