Hubbell (NYSE:HUBB) Updates FY25 Earnings Guidance

Hubbell (NYSE:HUBB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $17.35-17.85 for the period, compared to the consensus estimate of $17.75. The company issued revenue guidance of $5.85-5.91 billion, compared to the consensus revenue estimate of $5.99 billion. Hubbell also updated its FY 2025 guidance to 17.350-17.850 EPS.

Analyst Ratings Changes

HUBB has been the subject of several research analyst reports. Morgan Stanley lifted their target price on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. StockNews.com cut shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Mizuho upped their price objective on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Sanford C. Bernstein began coverage on Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 target price for the company. Finally, JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and raised their price target for the company from $385.00 to $454.00 in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Hubbell has a consensus rating of “Hold” and a consensus price target of $471.50.

Hubbell Trading Up 0.1 %

Shares of HUBB traded up $0.59 during mid-day trading on Wednesday, reaching $401.50. 89,432 shares of the company were exchanged, compared to its average volume of 591,032. The business has a 50 day simple moving average of $437.00 and a two-hundred day simple moving average of $422.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. Hubbell has a 52 week low of $342.85 and a 52 week high of $481.35. The stock has a market capitalization of $21.55 billion, a PE ratio of 28.91, a PEG ratio of 1.45 and a beta of 0.92.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $4.02 by $0.08. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.41 billion. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the company posted $3.69 earnings per share. On average, analysts predict that Hubbell will post 16.48 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $1.32 per share. This represents a $5.28 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, February 28th. Hubbell’s dividend payout ratio (DPR) is currently 38.04%.

Insider Buying and Selling

In other news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the completion of the sale, the insider now owns 2,957 shares in the company, valued at $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.78% of the stock is owned by company insiders.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.