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

Hub Group (NASDAQ:HUBG) released its earnings results on Thursday. The transportation company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The company had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same quarter in the previous year, the company earned $0.94 EPS. Hub Group’s revenue for the quarter was down 16.7% on a year-over-year basis. 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 Up 0.3 %

NASDAQ:HUBG traded up $0.12 during mid-day trading on Friday, hitting $40.31. 196,871 shares of the stock traded hands, compared to its average volume of 489,975. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 15.50 and a beta of 0.89. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The firm’s 50 day moving average is $41.97 and its two-hundred day moving average is $41.58.

Hub Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a yield of 1.24%. Hub Group’s payout ratio is 19.19%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on HUBG. Stephens lowered their target price on shares of Hub Group from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Friday. JPMorgan Chase & Co. lifted their price target on shares of Hub Group from $43.50 to $46.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. StockNews.com upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a report on Friday, March 1st. Morgan Stanley lifted their price target on shares of Hub Group from $43.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, February 12th. Finally, TD Cowen lifted their price target on shares of Hub Group from $52.00 to $54.00 and gave the company an “outperform” rating in a report on Friday, February 2nd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.46.

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.