Hub Group (HUBG) to Release Quarterly Earnings on Thursday

Hub Group (NASDAQ:HUBG - Get Free Report) will announce its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Hub Group has set its FY24 guidance at $2.00-2.50 EPS and its FY 2024 guidance at 2.000-2.500 EPS.Investors that are interested in registering for the company's conference call can do so using this link.

Hub Group (NASDAQ:HUBG - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.52 by $0.02. The business had revenue of $985.60 million during the quarter, compared to the consensus estimate of $997.67 million. Hub Group had a return on equity of 10.56% and a net margin of 3.99%. Hub Group's revenue for the quarter was down 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.42 earnings per share. On average, analysts expect Hub Group to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Hub Group Price Performance

Hub Group stock traded down $0.31 during trading hours on Thursday, reaching $38.74. 613,465 shares of the stock were exchanged, compared to its average volume of 498,485. The stock has a 50 day moving average of $42.49 and a two-hundred day moving average of $41.55. The company has a market cap of $2.43 billion, a P/E ratio of 14.87 and a beta of 0.89. 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 twelve month low of $31.73 and a twelve month high of $47.58.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Thursday, March 7th. Hub Group's payout ratio is presently 19.19%.

Hedge Funds Weigh In On Hub Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Lazard Asset Management LLC bought a new stake in shares of Hub Group in the 1st quarter valued at $46,000. Point72 Hong Kong Ltd bought a new position in Hub Group during the first quarter worth $103,000. State of Wyoming bought a new position in Hub Group during the fourth quarter worth $131,000. Pearl River Capital LLC bought a new position in Hub Group during the first quarter worth $201,000. Finally, Sawtooth Solutions LLC bought a new position in shares of Hub Group in the first quarter valued at $205,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HUBG has been the subject of several analyst reports. Stephens dropped their target price on shares of Hub Group from $49.00 to $44.00 and set an "equal weight" rating for the company in a research report on Thursday, April 4th. Susquehanna lowered their price objective on shares of Hub Group from $49.00 to $46.00 and set a "neutral" rating for the company in a research report on Monday, March 25th. StockNews.com upgraded shares of Hub Group from a "sell" rating to a "hold" rating in a research report on Friday, March 1st. Wells Fargo & Company upped their price objective on shares of Hub Group from $45.00 to $50.00 and gave the stock an "overweight" rating in a research report on Friday, February 2nd. Finally, Stifel Nicolaus upped their price objective on shares of Hub Group from $49.50 to $52.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $46.63.

About Hub Group

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.