Hubbell (NYSE:HUBB) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Hubbell (NYSE:HUBB) issued its quarterly earnings data on Tuesday. The industrial products company reported $4.10 EPS for the quarter, topping the consensus estimate of $4.02 by $0.08, Zacks reports. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter last year, the business posted $3.69 EPS. The firm’s revenue was down .9% compared to the same quarter last year. Hubbell updated its FY 2025 guidance to 17.350-17.850 EPS and its FY25 guidance to $17.35-17.85 EPS.

Hubbell Trading Down 0.3 %

Shares of NYSE:HUBB opened at $399.82 on Thursday. Hubbell has a 52-week low of $342.85 and a 52-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 company has a market capitalization of $21.46 billion, a P/E ratio of 28.81, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a 50-day simple moving average of $435.82 and a 200 day simple moving average of $422.19.

Hubbell Dividend Announcement

The company 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 dividend of $1.32 per share. The ex-dividend date is Friday, February 28th. This represents a $5.28 annualized dividend and a dividend yield of 1.32%. Hubbell’s dividend payout ratio is presently 38.04%.

Analyst Ratings Changes

HUBB has been the topic of several recent analyst reports. Mizuho lifted their price objective on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. JPMorgan Chase & Co. cut Hubbell from an “overweight” rating to a “neutral” rating and increased their target price for the stock from $385.00 to $454.00 in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lowered Hubbell from a “buy” rating to a “hold” rating and cut their price target for the company from $493.00 to $473.00 in a report on Tuesday, November 26th. Finally, Morgan Stanley lifted their target price on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $471.50.

About Hubbell

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.