Zacks: Analysts Expect Hub Group Inc (HUBG) Will Post Quarterly Sales of $1.01 Billion

Brokerages expect Hub Group Inc (NASDAQ:HUBG) to report $1.01 billion in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Hub Group’s earnings. The lowest sales estimate is $947.52 million and the highest is $1.06 billion. Hub Group reported sales of $893.45 million in the same quarter last year, which suggests a positive year-over-year growth rate of 13%. The business is expected to announce its next earnings report after the market closes on Thursday, April 26th.

On average, analysts expect that Hub Group will report full year sales of $1.01 billion for the current fiscal year, with estimates ranging from $4.08 billion to $4.43 billion. For the next year, analysts expect that the firm will report sales of $4.64 billion per share, with estimates ranging from $4.55 billion to $4.77 billion. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Hub Group.

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Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.22. Hub Group had a net margin of 3.35% and a return on equity of 9.36%. The business had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same period in the previous year, the business earned $0.55 EPS. The company’s quarterly revenue was up 18.8% compared to the same quarter last year.

HUBG has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and set a $57.00 price objective (up previously from $50.00) on shares of Hub Group in a research report on Thursday, December 14th. Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a research report on Tuesday, January 16th. BidaskClub downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Thursday, March 29th. Robert W. Baird raised shares of Hub Group from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $45.00 to $55.00 in a research report on Tuesday, December 19th. Finally, Barclays reissued a “sell” rating and set a $45.00 price objective on shares of Hub Group in a research report on Wednesday, December 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $48.00.

Institutional investors have recently modified their holdings of the stock. Fieldpoint Private Securities LLC bought a new position in Hub Group in the 3rd quarter worth $100,000. Zions Bancorporation bought a new position in shares of Hub Group during the 3rd quarter valued at about $143,000. CIBC Asset Management Inc bought a new position in shares of Hub Group during the 4th quarter valued at about $205,000. Aperio Group LLC bought a new position in shares of Hub Group during the 4th quarter valued at about $217,000. Finally, Amalgamated Bank bought a new position in shares of Hub Group during the 4th quarter valued at about $226,000. 92.87% of the stock is owned by institutional investors.

Shares of HUBG stock traded down $1.45 during mid-day trading on Wednesday, reaching $39.35. 462,609 shares of the company’s stock traded hands, compared to its average volume of 287,419. Hub Group has a 12 month low of $33.17 and a 12 month high of $52.25. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.26 and a quick ratio of 1.26. The company has a market cap of $1,402.70, a price-to-earnings ratio of 20.60, a PEG ratio of 1.17 and a beta of 1.44.

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Hub Group Company Profile

Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).

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