Brokerages forecast that Hub Group Inc (NASDAQ:HUBG) will report sales of $1.22 billion for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Hub Group’s earnings, with the highest sales estimate coming in at $1.24 billion and the lowest estimate coming in at $1.20 billion. Hub Group reported sales of $1.05 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 16.2%. The business is scheduled to report its next earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Hub Group will report full year sales of $4.77 billion for the current financial year, with estimates ranging from $4.73 billion to $4.82 billion. For the next year, analysts expect that the business will report sales of $5.10 billion per share, with estimates ranging from $4.99 billion to $5.27 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Hub Group.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, August 1st. The transportation company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.18. Hub Group had a return on equity of 10.32% and a net margin of 3.42%. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the company earned $0.29 EPS. The business’s revenue was up 27.7% compared to the same quarter last year.
A number of equities analysts have recently issued reports on HUBG shares. Wolfe Research raised Hub Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 24th. BidaskClub downgraded Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. ValuEngine downgraded Hub Group from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Loop Capital dropped their price target on Hub Group to $58.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, UBS Group increased their price target on Hub Group from $56.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the stock. Hub Group presently has an average rating of “Hold” and an average target price of $53.50.
In related news, Director Charles R. Reaves sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 5th. The stock was sold at an average price of $50.24, for a total transaction of $125,600.00. Following the completion of the sale, the director now directly owns 68,768 shares in the company, valued at approximately $3,454,904.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 5.75% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the stock. California Public Employees Retirement System raised its stake in Hub Group by 6.0% in the second quarter. California Public Employees Retirement System now owns 97,031 shares of the transportation company’s stock valued at $4,832,000 after buying an additional 5,458 shares during the last quarter. Scopus Asset Management L.P. raised its stake in Hub Group by 29.5% in the second quarter. Scopus Asset Management L.P. now owns 910,864 shares of the transportation company’s stock valued at $45,361,000 after buying an additional 207,288 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in Hub Group by 16.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,752 shares of the transportation company’s stock valued at $336,000 after buying an additional 973 shares during the last quarter. Point72 Asset Management L.P. purchased a new stake in Hub Group in the second quarter valued at about $9,646,000. Finally, Intrinsic Edge Capital Management LLC purchased a new stake in Hub Group in the second quarter valued at about $12,932,000. Hedge funds and other institutional investors own 91.71% of the company’s stock.
HUBG opened at $48.80 on Friday. Hub Group has a 12-month low of $37.90 and a 12-month high of $56.60. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market cap of $1.82 billion, a PE ratio of 25.94 and a beta of 1.51.
About Hub Group
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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