Hub Group (NASDAQ:HUBG) Updates FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) issued an update on its FY24 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $1.85-1.95 for the period, compared to the consensus estimate of $1.89. The company issued revenue guidance of approx $4.00 billion, compared to the consensus revenue estimate of $4.11 billion.

Analyst Upgrades and Downgrades

Several research firms have commented on HUBG. Benchmark reiterated a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research report on Tuesday, September 17th. UBS Group lifted their target price on shares of Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Susquehanna upped their price target on shares of Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research report on Thursday, September 26th. Evercore ISI raised their price target on shares of Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Finally, Stifel Nicolaus reduced their price objective on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Nine equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

Hub Group Stock Up 0.6 %

NASDAQ:HUBG traded up $0.26 during trading hours on Wednesday, reaching $43.75. The company had a trading volume of 439,318 shares, compared to its average volume of 445,099. Hub Group has a twelve month low of $33.38 and a twelve month high of $48.39. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 20.71 and a beta of 0.88. The business’s 50-day simple moving average is $44.31 and its two-hundred day simple moving average is $43.42.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company had revenue of $986.50 million during the quarter, compared to the consensus estimate of $1.09 billion. During the same period last year, the business posted $0.72 EPS. The firm’s revenue for the quarter was down 5.2% compared to the same quarter last year. On average, equities analysts expect that Hub Group will post 1.92 earnings per share for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Friday, September 6th. Hub Group’s payout ratio is 23.81%.

Hub Group Company Profile

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.