Hub Group (NASDAQ:HUBG) Posts Quarterly Earnings Results

Hub Group (NASDAQ:HUBG) posted its quarterly earnings results on Thursday. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The business had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted $0.94 EPS. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. Hub Group updated its FY24 guidance to $1.80-$2.25 EPS and its FY 2024 guidance to 1.800-2.250 EPS.

Hub Group Stock Up 0.9 %

Shares of NASDAQ HUBG traded up $0.35 on Friday, hitting $40.54. The company had a trading volume of 182,458 shares, compared to its average volume of 489,629. The firm has a market capitalization of $2.55 billion, a P/E ratio of 15.50 and a beta of 0.89. The business has a 50 day moving average of $41.97 and a two-hundred day moving average of $41.58. Hub Group has a 12-month low of $31.73 and a 12-month high of $47.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.23%. Hub Group’s dividend payout ratio (DPR) is 19.19%.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company boosted their target price on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Susquehanna lowered their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating on the stock in a research report on Monday, March 25th. StockNews.com raised Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Stephens reduced their price objective on Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Friday. Finally, Stifel Nicolaus lifted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $46.46.

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.