Hub Group (NASDAQ:HUBG) Issues Quarterly Earnings Results

Hub Group (NASDAQ:HUBG) released its quarterly earnings results on Wednesday. The transportation company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03, Briefing.com reports. The business had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 EPS. Hub Group updated its FY24 guidance to $1.85-1.95 EPS and its FY 2024 guidance to 1.850-1.950 EPS.

Hub Group Trading Down 0.9 %

Shares of Hub Group stock traded down $0.40 during trading hours on Thursday, reaching $43.35. 300,281 shares of the company’s stock were exchanged, compared to its average volume of 444,968. Hub Group has a 52-week low of $33.38 and a 52-week high of $48.39. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 20.60 and a beta of 0.88. The company has a fifty day moving average of $44.32 and a 200-day moving average of $43.42. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date was Friday, September 6th. Hub Group’s dividend payout ratio is presently 23.81%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HUBG shares. Barclays upped their price target on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday. Benchmark restated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a report on Tuesday, September 17th. JPMorgan Chase & Co. upped their price target on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Susquehanna upped their price target on Hub Group from $44.00 to $50.00 and gave the stock a “neutral” rating in a report on Thursday, September 26th. Finally, Evercore ISI upped their price target on Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $46.17.

About Hub Group

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.