Equities analysts forecast that Hub Group, Inc. (NASDAQ:HUBG) will report sales of $1.10 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Hub Group’s earnings, with the lowest sales estimate coming in at $1.03 billion and the highest estimate coming in at $1.14 billion. Hub Group posted sales of $978.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.4%. The firm is scheduled to issue its next earnings results on Thursday, February 1st.
According to Zacks, analysts expect that Hub Group will report full-year sales of $1.10 billion for the current fiscal year, with estimates ranging from $3.90 billion to $4.01 billion. For the next financial year, analysts forecast that the company will post sales of $4.35 billion per share, with estimates ranging from $4.08 billion to $4.49 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Hub Group.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Thursday, October 26th. The transportation company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same period in the previous year, the firm posted $0.54 earnings per share. The business’s revenue for the quarter was up 13.0% compared to the same quarter last year.
Several equities research analysts have recently commented on the stock. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th. Cowen and Company lowered their price objective on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and set a $42.00 price objective on shares of Hub Group in a research note on Wednesday, September 20th. Zacks Investment Research upgraded shares of Hub Group from a “sell” rating to a “hold” rating in a research note on Monday, September 18th. Finally, UBS AG lifted their price objective on shares of Hub Group from $47.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $45.36.
Shares of Hub Group (HUBG) opened at $43.30 on Friday. Hub Group has a one year low of $33.17 and a one year high of $52.50. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 0.33. The company has a market cap of $1,490.00, a price-to-earnings ratio of 25.61, a PEG ratio of 1.73 and a beta of 1.46.
In related news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the completion of the transaction, the director now directly owns 67,947 shares in the company, valued at $2,554,807.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 5.36% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Hub Group by 4.1% during the second quarter. BlackRock Inc. now owns 5,247,266 shares of the transportation company’s stock valued at $201,232,000 after purchasing an additional 209,062 shares during the period. Vanguard Group Inc. increased its holdings in Hub Group by 2.4% in the second quarter. Vanguard Group Inc. now owns 2,894,885 shares of the transportation company’s stock valued at $111,019,000 after buying an additional 67,018 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hub Group by 1.2% in the third quarter. Dimensional Fund Advisors LP now owns 2,549,524 shares of the transportation company’s stock valued at $109,502,000 after buying an additional 31,287 shares in the last quarter. Nuance Investments LLC increased its holdings in Hub Group by 12.8% in the third quarter. Nuance Investments LLC now owns 1,711,119 shares of the transportation company’s stock valued at $73,493,000 after buying an additional 193,540 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Hub Group by 97.9% in the third quarter. Bank of New York Mellon Corp now owns 1,282,256 shares of the transportation company’s stock valued at $55,074,000 after buying an additional 634,448 shares in the last quarter. Institutional investors own 90.51% of the company’s stock.
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About Hub Group
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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