Hub Group (NASDAQ:HUBG) Updates FY 2024 Earnings Guidance

by · The Cerbat Gem

Hub Group (NASDAQ:HUBG – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.850-1.950 for the period, compared to the consensus earnings per share estimate of 1.920. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.1 billion. Hub Group also updated its FY24 guidance to $1.85-1.95 EPS.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Susquehanna cut their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a report on Friday. UBS Group boosted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Barclays increased their target price on shares of Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Thursday. Finally, Benchmark restated a “buy” rating and issued a $47.00 price target on shares of Hub Group in a report on Friday. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hub Group currently has a consensus rating of “Hold” and an average target price of $46.00.

Check Out Our Latest Analysis on Hub Group

Hub Group Stock Performance

HUBG traded down $0.14 during trading hours on Friday, hitting $43.25. 491,369 shares of the stock were exchanged, compared to its average volume of 447,019. The stock has a 50-day simple moving average of $44.32 and a 200-day simple moving average of $43.44. Hub Group has a 12 month low of $33.38 and a 12 month high of $48.39. The stock has a market cap of $2.69 billion, a price-to-earnings ratio of 24.57 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32.

Hub Group (NASDAQ:HUBG – Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The firm had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business posted $0.49 earnings per share. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. Analysts anticipate that Hub Group will post 1.92 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s dividend payout ratio is presently 28.41%.

Hub Group Company Profile

(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.

Read More