Hubbell (NYSE:HUBB) Releases FY 2025 Earnings Guidance

Key Points

• Hubbell has updated its FY 2025 earnings guidance, projecting earnings per share of $17.650-18.15, exceeding the consensus estimate of $17.437.
• The company also recently announced a quarterly dividend of $1.32, representing an annualized yield of 1.21%, with the ex-dividend date set for August 29th.
• After a recent quarterly earnings report that missed expectations, shares of Hubbell (HUBB) opened at $437.14, reflecting a 1.2% decline on the day.

Hubbell (NYSE:HUBB - Get Free Report) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 17.650-18.15 for the period, compared to the consensus EPS estimate of 17.437. The company issued revenue guidance of -.

Hubbell Stock Down 2.6%

Shares of HUBB traded down $11.21 during trading hours on Friday, hitting $426.27. The company had a trading volume of 737,548 shares, compared to its average volume of 647,718. The company has a market capitalization of $22.75 billion, a PE ratio of 27.68, a price-to-earnings-growth ratio of 2.44 and a beta of 0.99. The company has a current ratio of 1.30, a quick ratio of 0.73 and a debt-to-equity ratio of 0.30. Hubbell has a one year low of $299.42 and a one year high of $481.35. The company's fifty day moving average price is $408.27 and its two-hundred day moving average price is $383.52.

Hubbell (NYSE:HUBB - Get Free Report) last announced its earnings results on Tuesday, July 29th. The industrial products company reported $4.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.36 by $0.57. Hubbell had a return on equity of 27.63% and a net margin of 14.76%. The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.51 billion. As a group, equities analysts forecast that Hubbell will post 17.63 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, August 29th. Hubbell's dividend payout ratio is currently 34.29%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Wall Street Zen downgraded Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. JPMorgan Chase & Co. boosted their price target on Hubbell from $352.00 to $417.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Wells Fargo & Company boosted their price target on Hubbell from $420.00 to $445.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, Barclays boosted their price target on Hubbell from $420.00 to $431.00 and gave the company an "equal weight" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $460.75.

Insider Activity at Hubbell

In other Hubbell news, CEO Gerben Bakker sold 7,723 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $384.63, for a total value of $2,970,497.49. Following the sale, the chief executive officer directly owned 82,101 shares of the company's stock, valued at approximately $31,578,507.63. This trade represents a 8.60% 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 hyperlink. Also, Director Carlos M. Cardoso sold 400 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $386.29, for a total value of $154,516.00. Following the completion of the sale, the director directly owned 1,727 shares in the company, valued at approximately $667,122.83. The trade was a 18.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.66% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hubbell

Several hedge funds and other institutional investors have recently made changes to their positions in HUBB. Acadian Asset Management LLC purchased a new position in shares of Hubbell in the first quarter valued at approximately $599,000. Jones Financial Companies Lllp lifted its position in Hubbell by 171.9% during the first quarter. Jones Financial Companies Lllp now owns 2,401 shares of the industrial products company's stock worth $795,000 after buying an additional 1,518 shares in the last quarter. Empowered Funds LLC lifted its position in Hubbell by 18.9% during the first quarter. Empowered Funds LLC now owns 1,233 shares of the industrial products company's stock worth $408,000 after buying an additional 196 shares in the last quarter. Finally, Geneos Wealth Management Inc. lifted its position in Hubbell by 271.9% during the first quarter. Geneos Wealth Management Inc. now owns 212 shares of the industrial products company's stock worth $70,000 after buying an additional 155 shares in the last quarter. Hedge funds and other institutional investors own 88.16% of the company's stock.

Hubbell Company Profile

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.