Hub Group, Inc. (NASDAQ:HUBG) posted its quarterly earnings data on Wednesday. The transportation company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.08, Bloomberg Earnings reports. The company had revenue of $924.50 million for the quarter, compared to analysts’ expectations of $930.59 million. Hub Group had a net margin of 1.84% and a return on equity of 11.09%. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.61 EPS.
Shares of Hub Group (NASDAQ:HUBG) traded down 1.24% during trading on Wednesday, reaching $39.80. 445,780 shares of the company were exchanged. Hub Group has a 1-year low of $33.45 and a 1-year high of $52.50. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 19.87 and a beta of 1.42. The stock’s 50 day moving average is $38.09 and its 200 day moving average is $42.19.
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Several analysts have recently weighed in on HUBG shares. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research report on Wednesday, July 5th. Stifel Nicolaus upgraded shares of Hub Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $45.00 in a research report on Tuesday, May 30th. TheStreet cut shares of Hub Group from a “b” rating to a “c+” rating in a research report on Friday, April 28th. BMO Capital Markets restated a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research report on Friday, May 19th. Finally, Cowen and Company restated a “market perform” rating and set a $41.00 price objective (down previously from $44.00) on shares of Hub Group in a research report on Thursday, April 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $42.43.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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