Hub Group (HUBG) Scheduled to Announce Quarterly Earnings on Thursday

Hub Group (NASDAQ:HUBG) is scheduled to announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Hub Group has set its FY24 guidance at $2.00-2.50 EPS and its FY 2024 guidance at 2.000-2.500 EPS.Investors that are interested in participating in the company’s conference call can do so using this link.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.02. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The firm had revenue of $985.60 million during the quarter, compared to analyst estimates of $997.67 million. During the same quarter in the previous year, the firm earned $2.42 earnings per share. The firm’s revenue for the quarter was down 23.3% compared to the same quarter last year. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hub Group Stock Up 0.1 %

HUBG stock opened at $39.83 on Tuesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58. The firm has a fifty day moving average price of $42.26 and a two-hundred day moving average price of $41.60. The firm has a market cap of $2.50 billion, a price-to-earnings ratio of 15.29 and a beta of 0.89.

Hub Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were paid a dividend of $0.125 per share. The ex-dividend date was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.26%. Hub Group’s payout ratio is 19.19%.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. TD Cowen upped their price target on shares of Hub Group from $52.00 to $54.00 and gave the stock an “outperform” rating in a research report on Friday, February 2nd. Morgan Stanley upped their price target on shares of Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, February 12th. Stifel Nicolaus upped their price target on shares of Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Susquehanna lowered their price target on shares of Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Finally, Stephens lowered their price target on shares of Hub Group from $49.00 to $44.00 and set an “equal weight” rating for the company in a research report on Thursday, April 4th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $46.63.

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.