Hub Group (NASDAQ:HUBG) Releases Quarterly Earnings Results, Beats Estimates By $0.37 EPS
Hub Group (NASDAQ:HUBG) posted its earnings results on Thursday. The transportation company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.37, Fidelity Earnings reports. The firm had revenue of $779.24 million during the quarter, compared to the consensus estimate of $780.00 million. Hub Group had a net margin of 2.34% and a return on equity of 8.41%.
HUBG stock traded up $2.94 during midday trading on Friday, reaching $52.90. The company had a trading volume of 585,877 shares, compared to its average volume of 238,462. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.49 and a quick ratio of 1.49. Hub Group has a 1 year low of $36.51 and a 1 year high of $60.42. The company has a market capitalization of $1.81 billion, a P/E ratio of 21.95 and a beta of 1.10. The firm has a 50-day moving average price of $49.11 and a 200-day moving average price of $48.39.
Several equities analysts recently commented on the stock. Morgan Stanley reduced their price objective on shares of Hub Group from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, May 4th. Barclays boosted their price objective on shares of Hub Group from $41.00 to $45.00 and gave the company an “underweight” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Hub Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 8th. Cowen boosted their price objective on shares of Hub Group from $53.00 to $62.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Loop Capital cut shares of Hub Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $58.00 to $52.00 in a research note on Friday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $52.43.
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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