Equities analysts predict that Hub Group, Inc. (NASDAQ:HUBG) will report $983.56 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Hub Group’s earnings. The highest sales estimate is $1.00 billion and the lowest is $964.64 million. Hub Group reported sales of $932.81 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.4%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 25th.
On average, analysts expect that Hub Group will report full year sales of $983.56 million for the current fiscal year, with estimates ranging from $3.78 billion to $3.98 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $4.10 billion per share, with estimates ranging from $3.91 billion to $4.34 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Hub Group.
Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.08. Hub Group had a return on equity of 9.49% and a net margin of 1.50%. The firm had revenue of $924.50 million for the quarter, compared to analyst estimates of $930.59 million. During the same period in the previous year, the company earned $0.61 earnings per share. Hub Group’s revenue for the quarter was up 8.1% compared to the same quarter last year.
Shares of Hub Group (HUBG) traded up 0.29% during trading on Friday, hitting $34.05. The stock had a trading volume of 366,173 shares. The firm has a 50 day moving average price of $37.97 and a 200-day moving average price of $41.95. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of 20.28 and a beta of 1.41. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sei Investments Co. boosted its position in shares of Hub Group by 18.7% in the second quarter. Sei Investments Co. now owns 24,435 shares of the transportation company’s stock worth $937,000 after buying an additional 3,850 shares during the last quarter. Texas Permanent School Fund boosted its position in Hub Group by 0.9% in the second quarter. Texas Permanent School Fund now owns 24,441 shares of the transportation company’s stock valued at $937,000 after buying an additional 208 shares in the last quarter. Cambiar Investors LLC acquired a new position in Hub Group during the second quarter valued at $4,809,000. Rothschild Asset Management Inc. boosted its position in Hub Group by 3.7% in the second quarter. Rothschild Asset Management Inc. now owns 151,877 shares of the transportation company’s stock valued at $5,824,000 after buying an additional 5,352 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in Hub Group by 2.9% in the second quarter. Great West Life Assurance Co. Can now owns 48,606 shares of the transportation company’s stock valued at $1,862,000 after buying an additional 1,360 shares in the last quarter. Institutional investors and hedge funds own 94.19% of the company’s stock.
TRADEMARK VIOLATION WARNING: This story was originally reported by Community Financial News and is the property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.com-unik.info/2017/08/19/983-56-million-in-sales-expected-for-hub-group-inc-nasdaqhubg-this-quarter-updated-updated.html.
Hub Group Company Profile
Hub Group, Inc is an asset-light freight transportation management company. The Company offers intermodal, truck brokerage and logistics services. It operates through two business segments: Mode and Hub. The Mode segment markets and operates its freight transportation services, consisting of intermodal, truck brokerage and logistics, primarily through agents entering into contractual arrangements with Mode Transportation, LLC (Mode LLC).
For more information about research offerings from Zacks Investment Research, visit Zacks.com
What are top analysts saying about Hub Group Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Hub Group Inc. and related companies.