Hub Group (NASDAQ:HUBG) Releases FY 2024 Earnings Guidance

Hub Group (NASDAQ:HUBG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.800-2.250 for the period, compared to the consensus estimate of 2.120. The company issued revenue guidance of $4.3 billion-$4.7 billion, compared to the consensus revenue estimate of $4.6 billion. Hub Group also updated its FY24 guidance to $1.80-$2.25 EPS.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Stifel Nicolaus boosted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a buy rating in a research note on Wednesday, January 10th. BMO Capital Markets reduced their price objective on Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a research note on Friday. Benchmark reaffirmed a buy rating and set a $49.00 price target on shares of Hub Group in a research note on Friday. Wells Fargo & Company upped their price target on Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research note on Friday, February 2nd. Finally, Susquehanna cut their price target on Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a research note on Monday, March 25th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Hub Group currently has a consensus rating of Hold and a consensus price target of $46.54.

Hub Group Price Performance

Hub Group stock traded down $0.26 during mid-day trading on Friday, reaching $39.93. 569,414 shares of the company were exchanged, compared to its average volume of 372,603. The company has a fifty day simple moving average of $41.88 and a 200-day simple moving average of $41.60. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market cap of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. The firm had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the company earned $0.94 EPS. The company’s revenue was down 16.7% on a year-over-year basis. As a group, equities research analysts expect that Hub Group will post 2.15 earnings per share for the current fiscal year.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. Hub Group’s payout ratio is 23.75%.

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.