Zacks: Analysts Anticipate Hub Group, Inc. (NASDAQ:HUBG) Will Announce Earnings of $0.65 Per Share


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Analysts expect that Hub Group, Inc. (NASDAQ:HUBG) will post earnings per share (EPS) of $0.65 for the current quarter, according to Zacks. Five analysts have provided estimates for Hub Group’s earnings, with the highest EPS estimate coming in at $0.76 and the lowest estimate coming in at $0.54. Hub Group reported earnings of $0.84 per share during the same quarter last year, which suggests a negative year over year growth rate of 22.6%. The business is expected to report its next quarterly earnings report on Thursday, February 4th.

According to Zacks, analysts expect that Hub Group will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.08 to $2.20. For the next financial year, analysts expect that the company will post earnings of $3.18 per share, with EPS estimates ranging from $2.65 to $3.60. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Hub Group.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $0.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.11. Hub Group had a return on equity of 8.05% and a net margin of 2.30%. The business had revenue of $924.81 million during the quarter, compared to the consensus estimate of $878.85 million. During the same quarter last year, the firm posted $0.78 EPS. The company’s quarterly revenue was up 1.3% on a year-over-year basis.

Several brokerages have issued reports on HUBG. Morgan Stanley raised their price target on Hub Group from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Wednesday, January 6th. Cowen raised their price target on Hub Group from $62.00 to $65.00 and gave the company an “outperform” rating in a report on Thursday, December 10th. Zacks Investment Research downgraded Hub Group from a “buy” rating to a “hold” rating in a report on Friday, January 8th. Wells Fargo & Company started coverage on Hub Group in a report on Wednesday, September 23rd. They set an “overweight” rating and a $61.00 target price for the company. Finally, Barclays raised Hub Group from an “underweight” rating to an “equal weight” rating in a report on Wednesday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $55.25.

In other news, Director Charles R. Reaves sold 4,000 shares of Hub Group stock in a transaction on Monday, December 14th. The stock was sold at an average price of $56.50, for a total transaction of $226,000.00. Following the completion of the sale, the director now owns 59,351 shares of the company’s stock, valued at $3,353,331.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 5.12% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Hub Group by 4.0% in the third quarter. BlackRock Inc. now owns 5,672,188 shares of the transportation company’s stock valued at $284,716,000 after purchasing an additional 218,965 shares during the period. Fuller & Thaler Asset Management Inc. bought a new stake in Hub Group during the 3rd quarter worth approximately $9,689,000. Standard Life Aberdeen plc boosted its position in Hub Group by 25.2% during the 3rd quarter. Standard Life Aberdeen plc now owns 894,826 shares of the transportation company’s stock worth $44,916,000 after acquiring an additional 180,286 shares during the last quarter. Point72 Asset Management L.P. acquired a new position in Hub Group during the 3rd quarter worth approximately $6,623,000. Finally, Arrowstreet Capital Limited Partnership boosted its position in Hub Group by 45.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 392,425 shares of the transportation company’s stock worth $19,698,000 after acquiring an additional 122,557 shares during the last quarter. Institutional investors own 82.40% of the company’s stock.

Hub Group stock traded up $0.92 during mid-day trading on Monday, hitting $59.25. 1,918 shares of the company’s stock traded hands, compared to its average volume of 181,798. The firm has a 50 day simple moving average of $56.88 and a two-hundred day simple moving average of $53.20. Hub Group has a fifty-two week low of $36.51 and a fifty-two week high of $60.42. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 24.61 and a beta of 1.03. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.39 and a quick ratio of 1.39.

About Hub Group

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

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