Hub Group, Inc. (NASDAQ:HUBG) to Issue $0.13 Quarterly Dividend

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Monday, November 25th,RTT News reports. Investors of record on Friday, December 6th will be paid a dividend of 0.125 per share by the transportation company on Friday, December 20th. This represents a $0.50 annualized dividend and a dividend yield of 0.94%.

Hub Group has a dividend payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Hub Group to earn $2.58 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 19.4%.

Hub Group Price Performance

Hub Group stock traded up $2.19 during mid-day trading on Monday, reaching $53.20. The company had a trading volume of 981,522 shares, compared to its average volume of 467,946. The business has a fifty day simple moving average of $45.51 and a 200 day simple moving average of $44.33. The company has a market cap of $3.26 billion, a P/E ratio of 29.98 and a beta of 0.89. Hub Group has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.12.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted $0.49 EPS. Hub Group’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Hub Group will post 1.91 earnings per share for the current year.

Analysts Set New Price Targets

HUBG has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price on shares of Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Benchmark reissued a “buy” rating and issued a $47.00 price target on shares of Hub Group in a research report on Friday, November 1st. Evercore ISI lifted their target price on Hub Group from $41.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. UBS Group raised their price target on shares of Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Barclays boosted their target price on Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 13th. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $46.83.

About Hub Group

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.