Hub Group (NASDAQ:HUBG - Get Free Report) posted its quarterly earnings data on Thursday. The transportation company reported $0.44 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter last year, the firm posted $0.94 EPS. The business'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 Stock Performance
Shares of HUBG traded down $0.26 during mid-day trading on Friday, reaching $39.93. The company's stock had a trading volume of 569,414 shares, compared to its average volume of 494,715. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a 1-year low of $31.73 and a 1-year high of $47.58. The business has a 50-day simple moving average of $41.97 and a two-hundred day simple moving average of $41.58. The stock has a market cap of $2.51 billion, a P/E ratio of 15.41 and a beta of 0.89.
Hub Group Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, March 7th. Hub Group's dividend payout ratio (DPR) is presently 19.19%.
Wall Street Analysts Forecast Growth
HUBG has been the topic of a number of research reports. Stephens dropped their target price on Hub Group from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Friday. TD Cowen boosted their target price on shares of Hub Group from $52.00 to $54.00 and gave the stock an "outperform" rating in a research report on Friday, February 2nd. Benchmark reaffirmed a "buy" rating and issued a $49.00 price target on shares of Hub Group in a report on Friday. Susquehanna reduced their price objective on shares of Hub Group from $49.00 to $46.00 and set a "neutral" rating for the company in a report on Monday, March 25th. Finally, JPMorgan Chase & Co. boosted their price target on Hub Group from $43.50 to $46.00 and gave the company a "neutral" rating in a research note on Tuesday, January 9th. Seven 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 Analysis on HUBG
About Hub Group
(
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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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