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

Hub Group (NASDAQ:HUBG) posted its quarterly earnings results on Thursday. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The company had revenue of $1,000.00 million during the quarter, compared to the consensus estimate of $1.05 billion. During the same period last year, the firm earned $0.94 EPS. The company’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 Price Performance

NASDAQ HUBG opened at $39.93 on Friday. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89. The company’s 50 day simple moving average is $41.88 and its 200 day simple moving average is $41.59.

Hub Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on HUBG shares. StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Evercore ISI cut their price objective on Hub Group from $46.00 to $44.00 and set an “outperform” rating for the company in a research report on Friday. 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 research report on Monday, February 12th. Stifel Nicolaus lifted their price objective on Hub Group from $49.50 to $52.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, Susquehanna cut their price objective on Hub Group from $49.00 to $46.00 and set a “neutral” rating for the company in a research report on Monday, March 25th. Seven investment 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 an average target price of $46.54.

Hub Group Company Profile

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.