Hub Group (HUBG) Issues Earnings Results

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Hub Group (NASDAQ:HUBG) released its quarterly earnings results on Thursday, October 25th. The transportation company reported $0.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.07, Fidelity Earnings reports. Hub Group had a net margin of 5.78% and a return on equity of 10.77%. The business had revenue of $933.22 million during the quarter, compared to analyst estimates of $1.11 billion. Hub Group updated its Q4 2018 guidance to $0.85-0.95 EPS.

Hub Group stock traded down $0.41 during trading hours on Friday, hitting $45.72. 282,573 shares of the company traded hands, compared to its average volume of 424,253. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 17.25 and a beta of 1.43. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.23. Hub Group has a 1-year low of $38.40 and a 1-year high of $56.60.

In other news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the transaction, the director now owns 68,768 shares of the company’s stock, valued at approximately $3,454,904.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.75% of the company’s stock.

HUBG has been the topic of a number of research analyst reports. ValuEngine downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Tuesday, July 24th. BidaskClub downgraded shares of Hub Group from a “hold” rating to a “sell” rating in a research report on Saturday, July 28th. BMO Capital Markets raised their price target on shares of Hub Group from $48.00 to $55.00 and gave the stock a “market perform” rating in a research report on Thursday, August 2nd. Loop Capital upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $47.00 price target on the stock in a research report on Thursday, August 2nd. Finally, Cowen restated a “hold” rating and issued a $53.00 price target on shares of Hub Group in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $57.17.

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Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

Further Reading: Understanding Market Liquidity

Earnings History for Hub Group (NASDAQ:HUBG)

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