Hub Group (NASDAQ:HUBG) Releases FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.75-2.05 for the period, compared to the consensus estimate of $1.96. The company issued revenue guidance of $4.00-4.30 billion, compared to the consensus revenue estimate of $4.36 billion. Hub Group also updated its FY 2024 guidance to 1.750-2.050 EPS.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Susquehanna cut their target price on Hub Group from $45.00 to $44.00 and set a neutral rating for the company in a research note on Friday. TD Cowen lowered Hub Group from a buy rating to a hold rating and cut their target price for the stock from $50.00 to $43.00 in a research note on Thursday, July 18th. Evercore ISI reaffirmed an in-line rating and issued a $44.00 target price on shares of Hub Group in a research note on Tuesday, June 25th. JPMorgan Chase & Co. boosted their price objective on Hub Group from $43.00 to $51.00 and gave the company a neutral rating in a research report on Friday. Finally, UBS Group boosted 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. Ten equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of Hold and an average target price of $46.04.

Hub Group Stock Down 7.9 %

HUBG traded down $3.67 during trading on Friday, reaching $42.53. The stock had a trading volume of 877,011 shares, compared to its average volume of 421,356. The stock’s 50 day moving average is $43.67 and its two-hundred day moving average is $43.14. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.20 and a beta of 0.89. Hub Group has a one year low of $31.73 and a one year high of $48.39.

Hub Group (NASDAQ:HUBG) last released its earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Hub Group had a return on equity of 7.38% and a net margin of 2.89%. The firm had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the prior year, the firm posted $0.72 earnings per share. The company’s quarterly revenue was down 5.2% on a year-over-year basis. As a group, analysts expect that Hub Group will post 2.02 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Friday, June 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.18%. Hub Group’s dividend payout ratio is currently 23.75%.

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.