Hub Group Inc (NASDAQ:HUBG) – Equities research analysts at KeyCorp lowered their Q1 2018 earnings per share (EPS) estimates for shares of Hub Group in a research note issued to investors on Wednesday, April 11th, Zacks Investment Research reports. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $0.39 per share for the quarter, down from their previous forecast of $0.43. KeyCorp also issued estimates for Hub Group’s FY2019 earnings at $2.80 EPS.
HUBG has been the topic of several other research reports. Zacks Investment Research upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub upgraded Hub Group from a “sell” rating to a “hold” rating in a report on Friday, April 13th. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target on shares of Hub Group in a report on Thursday, April 5th. Loop Capital lifted their price target on Hub Group to $52.00 and gave the stock a “hold” rating in a report on Monday, February 12th. Finally, Morgan Stanley boosted their price objective on shares of Hub Group from $40.00 to $43.00 and gave the company an “equal weight” rating in a report on Tuesday, February 13th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.00.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 EPS for the quarter, topping the consensus estimate of $0.52 by $0.22. Hub Group had a return on equity of 9.36% and a net margin of 3.35%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the firm earned $0.55 EPS. The company’s quarterly revenue was up 18.8% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. California Public Employees Retirement System raised its holdings in Hub Group by 8.1% in the 3rd quarter. California Public Employees Retirement System now owns 83,003 shares of the transportation company’s stock valued at $3,565,000 after buying an additional 6,203 shares during the period. Koch Industries Inc. acquired a new position in Hub Group in the 4th quarter valued at about $284,000. Luminus Management LLC acquired a new position in Hub Group in the 4th quarter valued at about $1,002,000. Wells Fargo & Company MN grew its position in Hub Group by 4.3% in the 4th quarter. Wells Fargo & Company MN now owns 129,771 shares of the transportation company’s stock valued at $6,216,000 after acquiring an additional 5,368 shares in the last quarter. Finally, Bogle Investment Management L P DE acquired a new position in Hub Group in the 4th quarter valued at about $1,959,000. Hedge funds and other institutional investors own 94.71% of the company’s stock.
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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