Hubbell (NYSE:HUBB) Announces Quarterly Earnings Results

Hubbell (NYSE:HUBB) issued its quarterly earnings data on Tuesday. The industrial products company reported $5.91 EPS for the quarter, beating analysts’ consensus estimates of $5.75 by $0.16, Zacks reports. The firm had revenue of $1.87 billion for the quarter, compared to analyst estimates of $1.85 billion. Hubbell had a return on equity of 27.11% and a net margin of 14.49%. The company’s revenue for the quarter was up 24.6% on a year-over-year basis. During the same period in the prior year, the firm posted $5.17 EPS.

Here are the key takeaways from Hubbell’s conference call:

• Hubbell raised its 2026 outlook, now expecting 18%–19% sales growth, 20%+ adjusted operating profit growth, and adjusted EPS of $20.40–$20.60, representing 12%–13% year-over-year earnings growth.
• Electrical Solutions delivered 22% organic growth, with organic data-center sales up more than 80%; the NSI acquisition added 29 percentage points to segment sales growth and is performing ahead of initial expectations.
• Management reported strong utility demand and a year-to-date backlog build exceeding $500 million, particularly in transmission and substation markets, supporting confidence in at least mid-single-digit organic growth in 2027.
• Hubbell is accelerating capacity investments in data center, transmission, and substation products, with quarterly capacity additions expected to rise from about $25 million this year to approximately $50 million in 2027; executives emphasized that capacity will need to continue expanding beyond next year.
• Utility Solutions faced a temporary meter-component shortage and slower-than-expected control-house capacity ramp, leading to a reduced 2026 utility growth outlook; higher inflation, capacity-related investments, and price-cost timing are also expected to pressure fourth-quarter margins.

Hubbell Price Performance

Shares of NYSE HUBB traded up $1.90 during trading hours on Thursday, hitting $439.23. 125,935 shares of the stock were exchanged, compared to its average volume of 581,908. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.93 and a current ratio of 1.61. The company has a market cap of $23.20 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.23 and a beta of 0.85. The company’s fifty day simple moving average is $460.98 and its two-hundred day simple moving average is $488.23. Hubbell has a 1-year low of $403.82 and a 1-year high of $565.50.

Hubbell Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 30th will be given a dividend of $1.52 per share. The ex-dividend date is Monday, November 30th. This represents a $6.08 annualized dividend and a dividend yield of 1.4%. This is a positive change from Hubbell’s previous quarterly dividend of $1.42. Hubbell’s dividend payout ratio (DPR) is 33.63%.

Insider Buying and Selling

In other Hubbell news, VP Jonathan Del Nero sold 547 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $518.56, for a total transaction of $283,652.32. Following the completion of the transaction, the vice president directly owned 2,933 shares in the company, valued at $1,520,936.48. The trade was a 15.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HUBB shares. Evercore restated an “outperform” rating and issued a $630.00 price target on shares of Hubbell in a research note on Friday, October 9th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Hubbell in a research report on Wednesday, July 29th. Wall Street Zen cut Hubbell from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Morgan Stanley set a $600.00 price target on Hubbell in a research report on Friday, October 16th. Finally, Weiss Ratings upgraded Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Six research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Hubbell currently has a consensus rating of “Moderate Buy” and a consensus target price of $546.00.

About Hubbell

Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.

Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.

Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.