Hubbell (NYSE:HUBB – Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $5.91 earnings per share for the quarter, topping analysts’ consensus estimates of $5.75 by $0.16, Zacks reports. The firm had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the previous year, the firm posted $5.17 earnings per share. Hubbell’s quarterly revenue was up 24.6% compared to the same quarter last year.
Here are the key takeaways from Hubbell’s conference call:
- Hubbell raised its 2026 outlook, now expecting 18%–19% sales growth, 20%+ adjusted operating profit growth, and adjusted EPS of $20.40–$20.60, representing 12%–13% year-over-year earnings growth.
- Electrical Solutions delivered 22% organic growth, with organic data-center sales up more than 80%; the NSI acquisition added 29 percentage points to segment sales growth and is performing ahead of initial expectations.
- Management reported strong utility demand and a year-to-date backlog build exceeding $500 million, particularly in transmission and substation markets, supporting confidence in at least mid-single-digit organic growth in 2027.
- Hubbell is accelerating capacity investments in data center, transmission, and substation products, with quarterly capacity additions expected to rise from about $25 million this year to approximately $50 million in 2027; executives emphasized that capacity will need to continue expanding beyond next year.
- Utility Solutions faced a temporary meter-component shortage and slower-than-expected control-house capacity ramp, leading to a reduced 2026 utility growth outlook; higher inflation, capacity-related investments, and price-cost timing are also expected to pressure fourth-quarter margins.
Hubbell Stock Down 5.4%
Shares of NYSE HUBB opened at $434.72 on Wednesday. The business’s 50 day moving average is $461.92 and its two-hundred day moving average is $488.34. Hubbell has a 12 month low of $403.82 and a 12 month high of $565.50.
Hubbell Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 30th will be given a $1.52 dividend. The ex-dividend date of this dividend is Monday, November 30th. This represents a $6.08 annualized dividend and a yield of 1.4%. This is an increase from Hubbell’s previous quarterly dividend of $1.42.
Insider Activity at Hubbell
In other news, VP Jonathan Del Nero sold 547 shares of the stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $518.56, for a total value of $283,652.32. Following the completion of the sale, the vice president directly owned 2,933 shares of the company’s stock, valued at approximately $1,520,936.48. This represents a 15.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by company insiders.
Hubbell News Summary
Here are the key news stories impacting Hubbell this week:
- Positive Sentiment: Hubbell reported adjusted third-quarter earnings of $5.91 per share, above the $5.75 consensus estimate, while revenue reached $1.87 billion versus expectations of $1.85 billion. Revenue increased 24.6% year over year. Hubbell Q3 Earnings and Revenues Surpass Estimates
- Positive Sentiment: The company raised its full-year adjusted EPS guidance to $20.40-$20.60 and lifted its Electrical Solutions organic-growth outlook to 17%-18%, supported by strong demand from data centers and grid infrastructure. Hubbell Projects 2026 EPS and Growth Outlook
- Positive Sentiment: Data-center demand remained a major growth driver, with one report highlighting a 51% increase in the relevant segment. Hubbell Q3 2026 Earnings
- Neutral Sentiment: Management’s earnings call emphasized continued momentum in electrification, utility and data-center markets, but investors will be watching whether that demand can support further upside beyond the newly issued forecast. Hubbell Q3 2026 Earnings Call Transcript
- Negative Sentiment: The guidance increase was viewed as roughly in line with Wall Street expectations rather than a meaningful upside surprise. As a result, the strong quarter did not provide enough incremental news to satisfy elevated investor expectations. Hubbell Sinks Despite Q3 Beat
- Negative Sentiment: Investors are also questioning whether Hubbell’s valuation already reflects its cash-flow prospects, increasing the risk of selling when guidance merely meets forecasts. Is Hubbell Trading at a Premium to Cash Flow?
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the stock. Mizuho lowered their target price on shares of Hubbell from $575.00 to $560.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. Evercore reiterated an “outperform” rating and issued a $630.00 target price on shares of Hubbell in a report on Friday, October 9th. JPMorgan Chase & Co. began coverage on shares of Hubbell in a research report on Tuesday, October 20th. They set a “neutral” rating and a $485.00 target price for the company. Weiss Ratings raised shares of Hubbell from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Hubbell in a report on Wednesday, July 29th. Six equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $551.56.
Read Our Latest Research Report on Hubbell
About Hubbell
Hubbell Incorporated (NYSE:HUBB) is an electrical products manufacturer that develops and supplies products used in utility, commercial, industrial, and telecommunications applications. Founded in 1888 by Harvey Hubbell, the company has built a portfolio focused on improving the reliability, safety, and efficiency of electrical systems.
Hubbell’s Utility Solutions products support the generation, transmission, distribution, and control of electricity. Its offerings include electrical connectors and fittings, insulators, arresters, transmission and distribution hardware, communications infrastructure products, and equipment used in underground and overhead utility networks.
Its Electrical Solutions business serves commercial and industrial customers with wiring devices, electrical enclosures, grounding and bonding products, cable management systems, lighting-related products, and solutions designed for harsh, hazardous, and demanding operating environments.
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