Hub Group, Inc. (NASDAQ:HUBG) Announces Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Monday, November 25th,RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.125 per share by the transportation company on Friday, December 20th. This represents a $0.50 dividend on an annualized basis and a yield of 0.94%.

Hub Group has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 19.4%.

Hub Group Price Performance

HUBG stock opened at $53.20 on Tuesday. The firm has a market cap of $3.26 billion, a P/E ratio of 30.23 and a beta of 0.89. The firm’s fifty day moving average is $45.68 and its 200 day moving average is $44.40. Hub Group has a 52 week low of $36.88 and a 52 week high of $53.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. The firm had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The company’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. Research analysts predict that Hub Group will post 1.91 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Benchmark reaffirmed a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research note on Friday, November 1st. Susquehanna dropped their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a research report on Friday, November 1st. Evercore ISI increased their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. UBS Group lifted their price objective on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Barclays raised their target price on Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. 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 an average rating of “Hold” and a consensus target price of $46.83.

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.