Hub Group (NASDAQ:HUBG) Issues 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 EPS guidance of 1.850-1.950 for the period, compared to the consensus EPS 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 Upgrades and Downgrades

Several equities analysts have recently commented on the company. Benchmark restated a “buy” rating and set a $47.00 price target on shares of Hub Group in a research note on Friday. Stifel Nicolaus lowered their price target on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Barclays lifted their target price on Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday. TD Cowen boosted their price target on Hub Group from $43.00 to $49.00 and gave the company a “hold” rating in a report on Thursday. Finally, UBS Group boosted their price target on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $46.00.

Read Our Latest Stock Report on Hub Group

Hub Group Price Performance

HUBG traded down $0.14 during trading on Friday, reaching $43.25. 491,369 shares of the stock were exchanged, compared to its average volume of 447,019. The business’s 50 day moving average price is $44.32 and its two-hundred day moving average price is $43.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 24.57 and a beta of 0.88. Hub Group has a 1 year low of $33.38 and a 1 year high of $48.39.

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

Hub Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.16%. 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.

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