Hub Group, Inc. (HUBG) To Go Ex-Dividend on December 6th

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Tuesday, December 3rd,RTT News reports. Investors of record on Friday, December 6th will be given a dividend of 0.125 per share by the transportation company on Friday, December 20th. This represents a $0.50 annualized dividend and a yield of 0.97%. The ex-dividend date is Friday, December 6th.

Hub Group has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hub Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 19.4%.

Hub Group Stock Performance

Hub Group stock opened at $51.47 on Wednesday. The stock has a market cap of $3.16 billion, a price-to-earnings ratio of 29.24 and a beta of 0.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a 50 day simple moving average of $46.42 and a 200-day simple moving average of $44.75. Hub Group has a 1-year low of $38.07 and a 1-year high of $53.21.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts expect that Hub Group will post 1.91 EPS for the current year.

Analysts Set New Price Targets

HUBG has been the topic of a number of research analyst reports. Susquehanna reduced their price target on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus cut their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research report on Tuesday, August 6th. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Barclays boosted their price objective on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a report on Wednesday, November 13th. Finally, TD Cowen raised their target price on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group has an average rating of “Hold” and a consensus target price of $46.83.

Hub Group Company Profile

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.