Hubbell (NYSE:HUBB) will announce its earnings results before the market opens on Tuesday, January 30th. Analysts expect the company to announce earnings of $1.42 per share for the quarter.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, October 24th. The industrial products company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.50 by $0.15. Hubbell had a return on equity of 19.69% and a net margin of 7.96%. The business had revenue of $950.50 million for the quarter, compared to analyst estimates of $960.28 million. During the same quarter in the previous year, the firm earned $1.63 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. On average, analysts expect Hubbell to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Hubbell (NYSE HUBB) opened at $138.56 on Tuesday. Hubbell has a fifty-two week low of $109.32 and a fifty-two week high of $141.67. The company has a current ratio of 2.28, a quick ratio of 1.43 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $7,580.00 and a price-to-earnings ratio of 26.75.

Hubbell declared that its board has approved a stock repurchase program on Friday, October 20th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the industrial products company to buy shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

Several research analysts have recently commented on HUBB shares. BidaskClub upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Zacks Investment Research downgraded Hubbell from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Wells Fargo & Co reissued a “buy” rating and set a $143.00 price objective (up from $136.00) on shares of Hubbell in a research report on Wednesday, December 20th. JPMorgan Chase & Co. reissued a “hold” rating on shares of Hubbell in a research report on Thursday, December 28th. Finally, Morgan Stanley reissued an “overweight” rating and set a $132.00 price objective (up from $130.00) on shares of Hubbell in a research report on Monday, October 2nd. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $140.40.

In related news, insider Gerben Bakker sold 590 shares of the firm’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $125.34, for a total transaction of $73,950.60. Following the completion of the sale, the insider now directly owns 13,249 shares of the company’s stock, valued at approximately $1,660,629.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is currently owned by company insiders.

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Hubbell Company Profile

Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.

Earnings History for Hubbell (NYSE:HUBB)

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