Hub Group (NASDAQ:HUBG) Issues FY 2024 Earnings Guidance

Hub Group (NASDAQ:HUBG) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.800-2.250 for the period, compared to the consensus EPS estimate of 2.120. The company issued revenue guidance of $4.3 billion-$4.7 billion, compared to the consensus revenue estimate of $4.6 billion. Hub Group also updated its FY24 guidance to $1.80-$2.25 EPS.

Hub Group Trading Up 0.5 %

NASDAQ:HUBG traded up $0.20 during mid-day trading on Thursday, hitting $40.19. 418,178 shares of the company’s stock were exchanged, compared to its average volume of 493,782. The company has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $41.59. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The firm has a market capitalization of $2.53 billion, a P/E ratio of 15.43 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The firm had revenue of $985.60 million during the quarter, compared to analyst estimates of $997.67 million. During the same quarter last year, the business earned $2.42 EPS. The company’s revenue was down 23.3% compared to the same quarter last year. As a group, research analysts expect that Hub Group will post 2.19 earnings per share for the current year.

Hub Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 annualized dividend and a dividend yield of 1.24%. Hub Group’s dividend payout ratio is currently 19.19%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on HUBG. Benchmark reissued a buy rating and issued a $49.00 price target on shares of Hub Group in a research report on Wednesday, April 10th. StockNews.com raised shares of Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. Stephens cut their price objective on shares of Hub Group from $49.00 to $44.00 and set an equal weight rating on the stock in a report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of Hub Group from $45.00 to $50.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Finally, Susquehanna cut their price objective on shares of Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of Hold and a consensus target price of $46.63.

Hub Group Company Profile

Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.