Hub Group (NASDAQ:HUBG) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Hub Group (NASDAQ:HUBG) announced its quarterly earnings results on Thursday. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04, Briefing.com reports. Hub Group had a return on equity of 8.47% and a net margin of 3.28%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the previous year, the business earned $0.94 EPS. Hub Group’s revenue for the quarter was down 16.7% compared to the same quarter last year. Hub Group updated its FY24 guidance to $1.80-$2.25 EPS and its FY 2024 guidance to 1.800-2.250 EPS.

Hub Group Trading Down 0.6 %

HUBG opened at $39.93 on Friday. Hub Group has a one year low of $31.73 and a one year high of $47.58. The stock has a market capitalization of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89. The business’s 50 day moving average price is $41.88 and its 200 day moving average price is $41.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.

Hub Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is presently 23.75%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Benchmark reiterated a “buy” rating and issued a $49.00 price objective on shares of Hub Group in a report on Friday. JPMorgan Chase & Co. lifted their price objective on Hub Group from $43.50 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Morgan Stanley lifted their price objective on Hub Group from $43.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, February 12th. Finally, Evercore ISI lowered their price objective on Hub Group from $46.00 to $44.00 and set an “outperform” rating on the stock in a report on Friday. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.54.

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.