Hubbell (HUBB) to Release Earnings on Tuesday


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Hubbell (NYSE:HUBB) is set to announce its earnings results before the market opens on Tuesday, April 27th. Analysts expect the company to announce earnings of $1.67 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Hubbell (NYSE:HUBB) last announced its quarterly earnings results on Monday, February 1st. The industrial products company reported $1.76 earnings per share for the quarter, missing analysts’ consensus estimates of $1.77 by ($0.01). Hubbell had a return on equity of 21.38% and a net margin of 8.75%. The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $1.91 earnings per share. The firm’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts expect Hubbell to post $8 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Shares of NYSE HUBB opened at $189.05 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.07 and a quick ratio of 1.33. Hubbell has a 1-year low of $105.34 and a 1-year high of $196.05. The business’s fifty day moving average price is $185.94 and its two-hundred day moving average price is $165.14. The firm has a market capitalization of $10.26 billion, a PE ratio of 27.80, a P/E/G ratio of 2.71 and a beta of 1.19.

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 15th. Investors of record on Friday, February 26th were given a $0.98 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $3.92 annualized dividend and a yield of 2.07%. Hubbell’s dividend payout ratio is presently 48.28%.

In other news, VP Stephen M. Mais sold 1,080 shares of the stock in a transaction on Wednesday, February 17th. The stock was sold at an average price of $166.63, for a total value of $179,960.40. Following the completion of the sale, the vice president now owns 14,981 shares in the company, valued at $2,496,284.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Stephen M. Mais sold 3,216 shares of the firm’s stock in a transaction on Thursday, February 11th. The stock was sold at an average price of $163.74, for a total value of $526,587.84. Following the completion of the sale, the vice president now directly owns 22,617 shares of the company’s stock, valued at approximately $3,703,307.58. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Several brokerages have commented on HUBB. Morgan Stanley raised their price target on shares of Hubbell from $180.00 to $197.00 and gave the company an “equal weight” rating in a research note on Monday. Zacks Investment Research upgraded Hubbell from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research report on Tuesday, April 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $170.33.

About Hubbell

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company operates through two segments, Electrical Solution and Utility Solution. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

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Earnings History for Hubbell (NYSE:HUBB)

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