Hub Group (HUBG) Releases Quarterly Earnings Results, Beats Estimates By $0.22 EPS
Hub Group (NASDAQ:HUBG) posted its earnings results on Thursday. The transportation company reported $0.74 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.22, Briefing.com reports. The firm had revenue of $1.16 billion during the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a net margin of 3.35% and a return on equity of 9.79%. The company’s revenue was up 18.8% on a year-over-year basis. During the same quarter last year, the company earned $0.55 earnings per share. Hub Group updated its FY18 guidance to $2.30-2.40 EPS.
Hub Group (NASDAQ:HUBG) opened at $43.75 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.19 and a quick ratio of 1.19. Hub Group has a 1 year low of $33.17 and a 1 year high of $52.50. The company has a market cap of $1,531.67, a P/E ratio of 10.80, a PEG ratio of 1.30 and a beta of 1.40.
Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a research note on Tuesday, January 16th. BidaskClub downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Stephens reiterated an “overweight” rating and issued a $57.00 target price (up previously from $50.00) on shares of Hub Group in a research note on Thursday, December 14th. Robert W. Baird upgraded shares of Hub Group from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $45.00 to $55.00 in a research note on Tuesday, December 19th. Finally, Barclays reiterated a “sell” rating and issued a $45.00 target price on shares of Hub Group in a research note on Wednesday, December 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. Hub Group currently has a consensus rating of “Hold” and a consensus price target of $48.42.
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
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