Hub Group (HUBG) Set to Announce Quarterly Earnings on Thursday

Hub Group (NASDAQ:HUBG) will be releasing its earnings data after the market closes on Thursday, April 25th. Analysts expect Hub Group to post earnings of $0.40 per share for the quarter. Hub Group has set its FY24 guidance at $2.00-2.50 EPS and its FY 2024 guidance at 2.000-2.500 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, February 1st. The transportation company reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The company had revenue of $985.60 million during the quarter, compared to analysts’ expectations of $997.67 million. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. Hub Group’s revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.42 earnings per share. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hub Group Trading Down 4.2 %

Shares of NASDAQ:HUBG opened at $39.05 on Thursday. The stock’s 50-day simple moving average is $42.60 and its two-hundred day simple moving average is $41.57. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 14.99 and a beta of 0.89. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were paid a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio (DPR) is presently 19.19%.

Analyst Ratings Changes

A number of analysts have commented on HUBG shares. StockNews.com raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Stifel Nicolaus lifted their target price on Hub Group from $49.50 to $52.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. JPMorgan Chase & Co. upped their price target on Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 9th. Wells Fargo & Company raised their price objective on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research note on Friday, February 2nd. Finally, Susquehanna cut their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Monday, March 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $46.63.

Institutional Trading of Hub Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pathstone Holdings LLC bought a new position in Hub Group in the 4th quarter worth approximately $263,000. Walleye Capital LLC bought a new stake in Hub Group in the 2nd quarter valued at $256,000. Royal Bank of Canada lifted its stake in Hub Group by 3.6% in the 3rd quarter. Royal Bank of Canada now owns 3,704 shares of the transportation company’s stock worth $255,000 after purchasing an additional 127 shares in the last quarter. Bayesian Capital Management LP bought a new position in shares of Hub Group during the 2nd quarter valued at about $235,000. Finally, Stephens Inc. AR grew its position in shares of Hub Group by 1,321.5% during the second quarter. Stephens Inc. AR now owns 2,843 shares of the transportation company’s stock valued at $228,000 after purchasing an additional 2,643 shares in the last quarter. Institutional investors own 46.77% of the company’s stock.

About Hub Group

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.