Hubbell (HUBB) to Release Quarterly Earnings on Tuesday

Hubbell (NYSE:HUBB) is projected to release its earnings data before the market opens on Tuesday, February 4th. Analysts expect Hubbell to post earnings of $4.02 per share and revenue of $1.41 billion for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Hubbell Stock Performance

NYSE:HUBB opened at $422.94 on Monday. The company has a 50 day moving average price of $439.29 and a 200 day moving average price of $421.85. Hubbell has a fifty-two week low of $334.17 and a fifty-two week high of $481.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The stock has a market capitalization of $22.70 billion, a P/E ratio of 30.47, a PEG ratio of 1.43 and a beta of 0.93.

Hubbell Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be paid a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.25%. Hubbell’s payout ratio is currently 38.04%.

Wall Street Analysts Forecast Growth

HUBB has been the topic of several recent analyst reports. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Mizuho increased their price target on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Sanford C. Bernstein initiated coverage on shares of Hubbell in a research report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective for the company. Wells Fargo & Company dropped their target price on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 7th. Finally, Barclays upped their price objective on shares of Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research note on Thursday, December 5th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Hubbell has a consensus rating of “Hold” and a consensus target price of $471.50.

Insiders Place Their Bets

In related news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell 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 sale, the insider now directly owns 2,957 shares in the company, valued at $1,378,553.40. This trade represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.66% 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.