Hub Group, Inc. Plans Quarterly Dividend of $0.13 (NASDAQ:HUBG)

Hub Group, Inc. (NASDAQ:HUBGGet Free Report) announced a quarterly dividend on Thursday, May 23rd, Zacks reports. Investors of record on Friday, June 7th will be given a dividend of 0.125 per share by the transportation company on Wednesday, June 26th. This represents a $0.50 dividend on an annualized basis and a yield of 1.16%. The ex-dividend date is Friday, June 7th.

Hub Group has a dividend payout ratio of 17.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.86 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 17.5%.

Hub Group Stock Performance

HUBG traded up $0.89 during midday trading on Friday, hitting $43.21. 282,117 shares of the company were exchanged, compared to its average volume of 387,301. The company’s 50 day simple moving average is $41.81 and its 200 day simple moving average is $42.34. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 20.53 and a beta of 0.90. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14.

Hub Group (NASDAQ:HUBGGet Free Report) last announced its earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.48%. The business had revenue of $1,000.00 million for the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was down 16.7% compared to the same quarter last year. As a group, sell-side analysts predict that Hub Group will post 2.02 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HUBG. BMO Capital Markets reduced their target price on shares of Hub Group from $48.00 to $45.00 and set a “market perform” rating on the stock in a research note on Friday, April 26th. Wells Fargo & Company increased their price objective on Hub Group from $45.00 to $50.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Susquehanna lowered 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. Evercore ISI lowered 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, April 26th. Finally, StockNews.com upgraded Hub Group from a “sell” rating to a “hold” rating in a research report on Friday, March 1st. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Hub Group has a consensus rating of “Hold” and a consensus price target of $46.54.

View Our Latest Stock Report on HUBG

About Hub Group

(Get Free Report)

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.

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