Hubbell (NYSE:HUBB) Updates FY 2020 Pre-Market Earnings Guidance
Hubbell (NYSE:HUBB) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 7.00-7.25 for the period, compared to the Thomson Reuters consensus estimate of $6.66. Hubbell also updated its FY20 guidance to $7.00-7.25 EPS.
Several equities analysts have commented on the stock. Wells Fargo & Co increased their price target on shares of Hubbell from $137.00 to $140.00 and gave the company an overweight rating in a research note on Friday, May 1st. Morgan Stanley increased their price target on shares of Hubbell from $132.00 to $145.00 and gave the company an equal weight rating in a research note on Friday. Cfra dropped their price target on shares of Hubbell from $163.00 to $146.00 and set a buy rating on the stock in a research note on Thursday, April 30th. TheStreet upgraded shares of Hubbell from a c+ rating to a b- rating in a research note on Friday, April 24th. Finally, Zacks Investment Research upgraded shares of Hubbell from a hold rating to a buy rating and set a $148.00 price target on the stock in a research note on Friday, July 17th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $147.33.
Shares of HUBB opened at $134.97 on Friday. The company has a current ratio of 2.04, a quick ratio of 1.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.32 billion, a PE ratio of 17.39, a price-to-earnings-growth ratio of 2.84 and a beta of 1.28. The company’s 50 day simple moving average is $126.79 and its 200-day simple moving average is $127.81. Hubbell has a 12-month low of $85.62 and a 12-month high of $155.00.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Friday, August 28th. Hubbell’s dividend payout ratio (DPR) is presently 44.83%.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.
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