Hub Group, Inc. (HUBG) Expected to Announce Earnings of $0.52 Per Share

Equities analysts forecast that Hub Group, Inc. (NASDAQ:HUBG) will announce $0.52 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Hub Group’s earnings, with the highest EPS estimate coming in at $0.55 and the lowest estimate coming in at $0.48. Hub Group reported earnings per share of $0.55 in the same quarter last year, which would indicate a negative year-over-year growth rate of 5.5%. The business is scheduled to announce its next earnings results on Thursday, February 1st.

According to Zacks, analysts expect that Hub Group will report full-year earnings of $1.59 per share for the current fiscal year, with EPS estimates ranging from $1.54 to $1.61. For the next fiscal year, analysts anticipate that the business will report earnings of $2.08 per share, with EPS estimates ranging from $1.84 to $2.35. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that follow Hub Group.

Hub Group (NASDAQ:HUBG) last announced its earnings results on Thursday, October 26th. The transportation company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.40 by $0.06. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Hub Group had a return on equity of 8.87% and a net margin of 1.39%. Hub Group’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share.

Several analysts have issued reports on HUBG shares. Barclays boosted their target price on Hub Group from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Monday, October 2nd. BidaskClub upgraded Hub Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 2nd. KeyCorp reiterated a “hold” rating on shares of Hub Group in a research note on Tuesday, September 26th. Zacks Investment Research lowered Hub Group from a “buy” rating to a “hold” rating in a research note on Friday, October 6th. Finally, Loop Capital initiated coverage on Hub Group in a research note on Tuesday, October 3rd. They set a “hold” rating and a $47.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. Hub Group currently has a consensus rating of “Hold” and an average price target of $45.36.

Institutional investors and hedge funds have recently modified their holdings of the business. Nuance Investments LLC boosted its stake in shares of Hub Group by 229.7% in the 2nd quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock worth $58,199,000 after buying an additional 1,057,338 shares during the last quarter. 1060 Capital LLC purchased a new position in Hub Group in the third quarter worth about $32,074,000. Bank of New York Mellon Corp boosted its position in shares of Hub Group by 97.9% during the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after buying an additional 634,448 shares during the period. SG Capital Management LLC purchased a new position in shares of Hub Group during the third quarter valued at approximately $15,654,000. Finally, Citadel Advisors LLC boosted its position in shares of Hub Group by 256.9% during the third quarter. Citadel Advisors LLC now owns 486,906 shares of the transportation company’s stock valued at $20,913,000 after buying an additional 350,468 shares during the period. Institutional investors and hedge funds own 93.87% of the company’s stock.

Shares of Hub Group (NASDAQ:HUBG) traded up $0.50 during trading on Monday, reaching $47.15. The company had a trading volume of 251,971 shares, compared to its average volume of 322,258. The company has a market capitalization of $1,600.00, a price-to-earnings ratio of 27.14, a P/E/G ratio of 1.83 and a beta of 1.49. Hub Group has a 1-year low of $33.17 and a 1-year high of $52.50. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33.

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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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Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

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