Brokerages predict that Hub Group Inc (NASDAQ:HUBG) will announce sales of $979.02 million for the current quarter, Zacks reports. Six analysts have issued estimates for Hub Group’s earnings, with the highest sales estimate coming in at $993.30 million and the lowest estimate coming in at $956.71 million. Hub Group posted sales of $1.18 billion in the same quarter last year, which would indicate a negative year over year growth rate of 17%. The business is expected to report its next quarterly earnings results after the market closes on Tuesday, July 30th.
On average, analysts expect that Hub Group will report full year sales of $4.04 billion for the current fiscal year, with estimates ranging from $3.96 billion to $4.17 billion. For the next fiscal year, analysts forecast that the firm will report sales of $4.28 billion, with estimates ranging from $4.10 billion to $4.54 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Hub Group.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.16. Hub Group had a net margin of 5.15% and a return on equity of 11.31%. The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $946.76 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. Hub Group’s revenue for the quarter was up 11.4% on a year-over-year basis.
A number of research firms recently issued reports on HUBG. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research note on Wednesday, July 3rd. Barclays decreased their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Cowen reaffirmed an “outperform” rating and set a $28.00 price target (down previously from $30.00) on shares of Pure Storage in a research note on Wednesday, May 22nd. ValuEngine raised shares of YPF from a “sell” rating to a “hold” rating in a research note on Monday, June 24th. Finally, UBS Group downgraded shares of to a “neutral” rating and decreased their price target for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a research note on Wednesday, June 19th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. Hub Group currently has an average rating of “Hold” and a consensus price target of $53.45.
Shares of NASDAQ:HUBG traded up $0.27 during midday trading on Monday, reaching $39.50. 7,162 shares of the company were exchanged, compared to its average volume of 261,076. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. The company’s fifty day moving average is $40.40. Hub Group has a one year low of $34.02 and a one year high of $56.60. The firm has a market capitalization of $1.39 billion, a PE ratio of 15.25 and a beta of 1.56.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. First Trust Advisors LP grew its holdings in Hub Group by 3.4% during the 4th quarter. First Trust Advisors LP now owns 58,941 shares of the transportation company’s stock worth $2,185,000 after acquiring an additional 1,951 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Hub Group by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 456 shares during the last quarter. BlackRock Inc. raised its position in shares of Hub Group by 0.9% in the 4th quarter. BlackRock Inc. now owns 5,078,031 shares of the transportation company’s stock valued at $188,243,000 after purchasing an additional 46,910 shares during the last quarter. Texas Permanent School Fund raised its position in shares of Hub Group by 3.7% in the 4th quarter. Texas Permanent School Fund now owns 21,995 shares of the transportation company’s stock valued at $815,000 after purchasing an additional 779 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in shares of Hub Group by 6.5% in the 4th quarter. Great West Life Assurance Co. Can now owns 45,266 shares of the transportation company’s stock valued at $1,548,000 after purchasing an additional 2,780 shares during the last quarter. Hedge funds and other institutional investors own 90.74% of the company’s stock.
About Hub Group
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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