Hub Group (NASDAQ:HUBG) Issues FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.80-$2.25 for the period, compared to the consensus estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion. Hub Group also updated its FY 2024 guidance to 1.800-2.250 EPS.

Hub Group Trading Down 0.6 %

Shares of HUBG stock traded down $0.26 on Friday, reaching $39.93. 569,414 shares of the company’s stock were exchanged, compared to its average volume of 372,603. The company’s fifty day simple moving average is $41.88 and its 200 day simple moving average is $41.59. Hub Group has a 52 week low of $31.73 and a 52 week high of $47.58. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the business posted $0.94 earnings per share. The business’s revenue for the quarter was down 16.7% on a year-over-year basis. As a group, analysts forecast that Hub Group will post 2.19 EPS for the current year.

Hub Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 1.25%. The ex-dividend date was Thursday, March 7th. Hub Group’s dividend payout ratio is 23.75%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HUBG. Stephens dropped their price objective on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating on the stock in a research note on Friday. Wells Fargo & Company increased their target price on Hub Group from $45.00 to $50.00 and gave the company an overweight rating in a research report on Friday, February 2nd. Benchmark reissued a buy rating and issued a $49.00 price target on shares of Hub Group in a research report on Friday. TD Cowen upped their price objective on Hub Group from $52.00 to $54.00 and gave the stock an outperform rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets cut their target price on Hub Group from $48.00 to $45.00 and set a market perform rating on the stock in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $46.54.

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.