Hub Group, Inc. (HUBG) To Go Ex-Dividend on March 18th

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Tuesday, March 18th.

Hub Group has a dividend payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.77 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 18.1%.

Hub Group Stock Up 0.8 %

HUBG stock opened at $39.51 on Friday. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21. The business’s 50 day moving average price is $43.52 and its two-hundred day moving average price is $45.25. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of 23.24 and a beta of 0.94.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, analysts forecast that Hub Group will post 2.2 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Benchmark upped their price target on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price target on the stock in a research note on Friday, January 3rd. Stifel Nicolaus upped their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Finally, Barclays lowered their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Hub Group has an average rating of “Hold” and an average price target of $48.50.

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.