Hubbell (NYSE:HUBB) Issues FY25 Earnings Guidance

Hubbell (NYSE:HUBB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $17.35-17.85 for the period, compared to the consensus earnings per share estimate of $17.75. The company issued revenue guidance of $5.85-5.91 billion, compared to the consensus revenue estimate of $5.99 billion. Hubbell also updated its FY 2025 guidance to 17.350-17.850 EPS.

Hubbell Stock Performance

HUBB stock traded down $7.62 during midday trading on Tuesday, reaching $401.11. The company had a trading volume of 1,350,610 shares, compared to its average volume of 598,349. The firm has a market capitalization of $21.53 billion, a PE ratio of 28.90, a P/E/G ratio of 1.45 and a beta of 0.92. The stock has a 50 day moving average price of $439.29 and a 200 day moving average price of $421.85. Hubbell has a fifty-two week low of $342.85 and a fifty-two week high of $481.35. The company has a quick ratio of 1.05, a current ratio of 1.66 and a debt-to-equity ratio of 0.51.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm posted $3.69 EPS. The business’s revenue for the quarter was down .9% compared to the same quarter last year. Analysts anticipate that Hubbell will post 16.48 earnings per share for the current year.

Hubbell Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be issued a $1.32 dividend. The ex-dividend date is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.32%. Hubbell’s dividend payout ratio (DPR) is presently 38.04%.

Analysts Set New Price Targets

Several equities research analysts have commented on HUBB shares. Mizuho raised their price target on shares of Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Sanford C. Bernstein initiated coverage on shares of Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective on the stock. Wells Fargo & Company reduced their price objective on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. JPMorgan Chase & Co. downgraded shares of Hubbell from an “overweight” rating to a “neutral” rating and boosted their price target for the stock from $385.00 to $454.00 in a research report on Thursday, October 10th. Finally, Barclays upped their price target on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $471.50.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total value of $533,332.80. Following the transaction, the insider now directly owns 2,957 shares of the company’s stock, valued at $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.78% of the stock is owned by insiders.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.