Hub Group (NASDAQ:HUBG – Get Free Report) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.850-1.950 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.1 billion. Hub Group also updated its FY24 guidance to $1.85-1.95 EPS.
Hub Group Stock Down 0.3 %
NASDAQ:HUBG traded down $0.14 during mid-day trading on Friday, hitting $43.25. 491,369 shares of the company’s stock were exchanged, compared to its average volume of 447,019. Hub Group has a one year low of $33.38 and a one year high of $48.39. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.32 and a quick ratio of 1.32. The business has a fifty day moving average price of $44.32 and a 200 day moving average price of $43.44. The company has a market cap of $2.69 billion, a PE ratio of 24.57 and a beta of 0.88.
Hub Group (NASDAQ:HUBG – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.43%. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.49 earnings per share. Hub Group’s quarterly revenue was down 3.7% on a year-over-year basis. Equities analysts predict that Hub Group will post 1.92 EPS for the current year.
Hub Group Dividend Announcement
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on HUBG. Evercore ISI upped their target price on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Barclays upped their target price on shares of Hub Group from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Thursday. JPMorgan Chase & Co. upped their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen upped their target price on shares of Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, Susquehanna dropped their target price on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating on the stock in a research note on Friday. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Hub Group presently has a consensus rating of “Hold” and a consensus price target of $46.00.
Read Our Latest Research Report on HUBG
About Hub Group
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.
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