Hub Group (NASDAQ:HUBG) Releases FY 2024 Earnings Guidance

Hub Group (NASDAQ:HUBG) 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) 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

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Friday, September 6th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 1.16%. The ex-dividend date was Friday, September 6th. Hub Group’s payout ratio is currently 28.41%.

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.

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.