Hub Group Inc (HUBG) Expected to Post Quarterly Sales of $1.09 Billion

Analysts expect Hub Group Inc (NASDAQ:HUBG) to report sales of $1.09 billion for the current quarter, Zacks reports. Six analysts have made estimates for Hub Group’s earnings, with the highest sales estimate coming in at $1.12 billion and the lowest estimate coming in at $1.04 billion. Hub Group posted sales of $924.51 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.9%. The business is scheduled to issue its next quarterly earnings results on Wednesday, July 25th.

According to Zacks, analysts expect that Hub Group will report full-year sales of $4.58 billion for the current fiscal year, with estimates ranging from $4.48 billion to $4.67 billion. For the next financial year, analysts anticipate that the business will post sales of $4.90 billion per share, with estimates ranging from $4.70 billion to $5.05 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Hub Group.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, April 26th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.10. Hub Group had a net margin of 3.33% and a return on equity of 9.48%. The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the firm earned $0.31 EPS. The company’s revenue was up 22.8% compared to the same quarter last year.

HUBG has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. Morgan Stanley increased their target price on shares of Hub Group from $40.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Tuesday, February 13th. Loop Capital increased their target price on shares of Hub Group to $52.00 and gave the stock a “hold” rating in a research report on Monday, February 12th. Cowen reiterated a “market perform” rating and issued a $41.00 target price (up previously from $39.00) on shares of Hub Group in a research report on Friday, April 27th. Finally, Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.15.

Institutional investors have recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new position in shares of Hub Group during the 4th quarter valued at $205,000. Aperio Group LLC acquired a new position in Hub Group in the 4th quarter valued at $217,000. Amalgamated Bank acquired a new position in Hub Group in the 4th quarter valued at $226,000. Delpha Capital Management LLC acquired a new position in Hub Group in the 4th quarter valued at $256,000. Finally, Victory Capital Management Inc. grew its stake in Hub Group by 47.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after buying an additional 1,759 shares during the last quarter. Institutional investors and hedge funds own 93.04% of the company’s stock.

HUBG stock opened at $50.60 on Tuesday. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.25. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.27 and a quick ratio of 1.27. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 1.38 and a beta of 1.48.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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

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