Hub Group, Inc. (NASDAQ:HUBG) Announces Quarterly Dividend of $0.13

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Investors of record on Friday, September 6th will be given a dividend of 0.125 per share by the transportation company on Wednesday, September 25th. This represents a $0.50 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Friday, September 6th.

Hub Group has a payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.75 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 18.2%.

Hub Group Trading Up 1.1 %

Hub Group stock traded up $0.49 during trading hours on Thursday, hitting $45.87. The company had a trading volume of 130,380 shares, compared to its average volume of 442,442. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.28 and a current ratio of 1.28. The firm has a market cap of $2.86 billion, a P/E ratio of 21.82 and a beta of 0.89. The company has a 50-day moving average price of $43.73 and a two-hundred day moving average price of $42.89. Hub Group has a 1 year low of $31.73 and a 1 year high of $48.39.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Hub Group had a return on equity of 7.38% and a net margin of 2.89%. The company had revenue of $986.50 million for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter in the prior year, the firm earned $0.72 earnings per share. Hub Group’s revenue was down 5.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Hub Group will post 2.02 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on HUBG shares. UBS Group increased their price objective on Hub Group from $42.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen cut Hub Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $50.00 to $43.00 in a research report on Thursday, July 18th. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 target price on shares of Hub Group in a research report on Tuesday, June 25th. Finally, Susquehanna dropped their target price on Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research report on Friday, August 2nd. Ten research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.35.

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.