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

Hub Group (NASDAQ:HUBG) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-1.950 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.1 billion. Hub Group also updated its FY24 guidance to $1.85-1.95 EPS.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on HUBG shares. Evercore ISI upped their price objective on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, October 3rd. Stifel Nicolaus dropped their price objective on Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. UBS Group increased their target price on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their target price on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, TD Cowen increased their target price on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $46.00.

Hub Group Trading Down 0.3 %

Shares of NASDAQ:HUBG traded down $0.14 on Friday, reaching $43.25. 491,369 shares of the company traded hands, compared to its average volume of 447,019. The business’s 50-day simple moving average is $44.32 and its 200 day simple moving average is $43.44. Hub Group has a 52 week low of $33.38 and a 52 week high of $48.39. The stock has a market capitalization of $2.69 billion, a P/E ratio of 24.57 and a beta of 0.88. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.13.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.43% and a net margin of 2.74%. The firm had revenue of $986.89 million for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the firm earned $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Hub Group will post 1.92 EPS for the current fiscal year.

Hub Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Stockholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.16%. Hub Group’s dividend payout ratio is currently 28.41%.

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.