Hub Group, Inc. (HUBG) to Issue Quarterly Dividend of $0.13 on March 28th

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Saturday, March 15th, RTT News reports. Stockholders of record on Tuesday, March 18th will be given a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date is Tuesday, March 18th.

Hub Group has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.77 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 18.1%.

Hub Group Stock Up 1.5 %

HUBG opened at $37.08 on Friday. Hub Group has a fifty-two week low of $36.34 and a fifty-two week high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The company has a market capitalization of $2.28 billion, a P/E ratio of 21.81 and a beta of 0.93. The stock has a fifty day moving average of $42.62 and a 200-day moving average of $44.99.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts expect that Hub Group will post 2.2 EPS for the current year.

Wall Street Analysts Forecast Growth

HUBG has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their target price on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Barclays decreased their target price on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a research report on Monday, February 10th. Benchmark lifted their target price on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a research report on Friday, March 7th. They issued a “hold” rating and a $41.00 target price on the stock. Finally, Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 target price on the stock in a research report on Friday, January 3rd. Eight equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $47.82.

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.