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

Hub Group (NASDAQ:HUBG) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-1.950 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.1 billion. Hub Group also updated its FY24 guidance to $1.85-1.95 EPS.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HUBG. Stifel Nicolaus decreased their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Benchmark restated a “buy” rating and set a $47.00 target price on shares of Hub Group in a research note on Tuesday, September 17th. UBS Group increased their target price on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Susquehanna increased their target price on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Nine equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $46.00.

Hub Group Price Performance

Shares of HUBG traded up $0.26 during mid-day trading on Wednesday, reaching $43.75. The company had a trading volume of 439,318 shares, compared to its average volume of 445,657. Hub Group has a twelve month low of $33.38 and a twelve month high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The company’s 50-day moving average is $44.32 and its 200-day moving average is $43.42. The company has a market capitalization of $2.73 billion, a P/E ratio of 20.83 and a beta of 0.88.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The business had revenue of $986.50 million during the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm posted $0.72 EPS. Hub Group’s quarterly revenue was down 5.2% compared to the same quarter last year. On average, equities analysts anticipate that Hub Group will post 1.92 EPS for the current year.

Hub Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.14%. Hub Group’s payout ratio is 23.81%.

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.