Hub Group, Inc. (NASDAQ:HUBG) Declares Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Monday, November 25th,RTT News reports. Stockholders of record on Friday, December 6th will be given a dividend of 0.125 per share by the transportation company on Friday, December 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.94%.

Hub Group has a dividend payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Hub Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 19.4%.

Hub Group Stock Performance

Shares of HUBG opened at $53.20 on Tuesday. Hub Group has a one year low of $36.88 and a one year high of $53.21. The business has a fifty day moving average of $45.68 and a 200 day moving average of $44.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The firm has a market capitalization of $3.26 billion, a P/E ratio of 30.23 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business posted $0.49 earnings per share. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hub Group will post 1.91 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. TD Cowen raised their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Susquehanna lowered their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday, November 1st. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Finally, JPMorgan Chase & Co. raised their price target on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $46.83.

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.