Hubbell (NYSE:HUBB - Get Free Report) announced its quarterly earnings results on Thursday. The industrial products company reported $3.50 EPS for the quarter, missing analysts' consensus estimates of $3.73 by ($0.23), Zacks reports. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The company had revenue of $1.37 billion during the quarter, compared to analysts' expectations of $1.39 billion. During the same period last year, the firm earned $3.60 earnings per share. Hubbell's revenue for the quarter was down 2.4% on a year-over-year basis. Hubbell updated its FY 2025 guidance to 17.350-17.850 EPS.
Hubbell Price Performance
Shares of HUBB stock opened at $355.68 on Friday. The business's fifty day moving average is $344.27 and its 200 day moving average is $402.81. The company has a quick ratio of 0.98, a current ratio of 1.64 and a debt-to-equity ratio of 0.44. The stock has a market cap of $19.09 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 1.34 and a beta of 0.95. Hubbell has a twelve month low of $299.43 and a twelve month high of $481.35.
Hubbell Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Friday, May 30th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Friday, May 30th. Hubbell's dividend payout ratio is currently 36.77%.
Wall Street Analyst Weigh In
A number of research firms recently commented on HUBB. Barclays lowered their price target on shares of Hubbell from $422.00 to $400.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Wells Fargo & Company lowered their price objective on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. StockNews.com cut Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, JPMorgan Chase & Co. lowered their price target on Hubbell from $430.00 to $352.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Hubbell has a consensus rating of "Hold" and an average price target of $449.38.
Read Our Latest Analysis on Hubbell
Insider Buying and Selling at Hubbell
In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $389.06, for a total transaction of $452,865.84. Following the completion of the transaction, the insider now owns 4,327 shares of the company's stock, valued at approximately $1,683,462.62. This trade represents a 21.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.66% of the company's stock.
Hubbell announced that its board has authorized a stock buyback plan on Wednesday, February 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership believes its stock is undervalued.
Hubbell Company Profile
(
Get Free Report)
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.
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