Brokerages expect Hubbell Incorporated (NYSE:HUBB) to announce $971.38 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Hubbell’s earnings. The lowest sales estimate is $967.00 million and the highest is $978.70 million. Hubbell reported sales of $852.30 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14%. The business is scheduled to issue its next earnings results on Tuesday, April 24th.
On average, analysts expect that Hubbell will report full year sales of $971.38 million for the current fiscal year, with estimates ranging from $4.24 billion to $4.35 billion. For the next fiscal year, analysts expect that the company will report sales of $4.51 billion per share, with estimates ranging from $4.44 billion to $4.59 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Hubbell.
Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, January 30th. The industrial products company reported $1.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.42 by $0.12. Hubbell had a net margin of 6.63% and a return on equity of 20.16%. The firm had revenue of $917.70 million during the quarter, compared to the consensus estimate of $901.23 million. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The business’s quarterly revenue was up 7.4% on a year-over-year basis.
In related news, VP Stephen M. Mais sold 4,692 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $135.59, for a total transaction of $636,188.28. Following the completion of the transaction, the vice president now owns 16,669 shares in the company, valued at $2,260,149.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman David G. Nord sold 12,076 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $133.76, for a total transaction of $1,615,285.76. The disclosure for this sale can be found here. 1.28% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in HUBB. Cubist Systematic Strategies LLC acquired a new position in Hubbell during the second quarter worth $182,000. Advisors Asset Management Inc. boosted its holdings in Hubbell by 1,122.0% during the third quarter. Advisors Asset Management Inc. now owns 1,613 shares of the industrial products company’s stock worth $187,000 after purchasing an additional 1,481 shares during the last quarter. Granite Springs Asset Management LLC acquired a new position in Hubbell during the fourth quarter worth $202,000. Rodgers Brothers Inc. acquired a new position in Hubbell during the fourth quarter worth $217,000. Finally, Magnetar Financial LLC acquired a new position in Hubbell during the third quarter worth $221,000. Institutional investors and hedge funds own 82.42% of the company’s stock.
Shares of Hubbell (NYSE HUBB) opened at $131.05 on Thursday. The company has a current ratio of 2.27, a quick ratio of 1.37 and a debt-to-equity ratio of 0.60. Hubbell has a 12-month low of $109.32 and a 12-month high of $149.03. The stock has a market cap of $7,301.74, a price-to-earnings ratio of 22.46, a PEG ratio of 1.85 and a beta of 1.01.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.77 per share. This represents a $3.08 annualized dividend and a dividend yield of 2.35%. The ex-dividend date is Tuesday, February 27th. Hubbell’s dividend payout ratio is 70.00%.
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Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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