Hubbell (NYSE:HUBB) Updates FY 2025 Earnings Guidance

Hubbell (NYSE:HUBB) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 17.350-17.850 for the period, compared to the consensus estimate of 17.700. The company issued revenue guidance of $5.9 billion-$5.9 billion, compared to the consensus revenue estimate of $6.0 billion. Hubbell also updated its FY25 guidance to $17.35-17.85 EPS.

Hubbell Stock Performance

HUBB traded up $4.01 during trading on Wednesday, hitting $404.92. 338,005 shares of the stock were exchanged, compared to its average volume of 602,864. The firm has a market capitalization of $21.73 billion, a P/E ratio of 29.17, a PEG ratio of 1.45 and a beta of 0.92. The stock has a fifty day moving average price of $437.00 and a two-hundred day moving average price of $422.35. 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 has a 1-year low of $342.85 and a 1-year high of $481.35.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share 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 firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.41 billion. During the same period in the previous year, the business earned $3.69 earnings per share. The company’s revenue for the quarter was down .9% compared to the same quarter last year. As a group, sell-side analysts predict that Hubbell will post 16.48 earnings per share for the current year.

Hubbell Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $1.32 dividend. This represents a $5.28 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Friday, February 28th. Hubbell’s payout ratio is 38.04%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HUBB. Barclays boosted their price target on shares of Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. StockNews.com downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Sanford C. Bernstein started coverage on shares of Hubbell in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target for the company. Wells Fargo & Company lowered their target price 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. Finally, Morgan Stanley increased their price objective on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $471.50.

Insider Activity at Hubbell

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the transaction, the insider now owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.78% of the stock is owned by insiders.

About Hubbell

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.