$983.56 Million in Sales Expected for Hub Group, Inc. (NASDAQ:HUBG) This Quarter

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.

Several research firms recently weighed in on HUBG. Cowen and Company lifted their price target on Hub Group from $41.00 to $42.00 and gave the company a “market perform” rating in a research report on Wednesday, May 31st. Zacks Investment Research upgraded Hub Group from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, July 5th. Barclays PLC lowered their price objective on Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a research note on Thursday. Stifel Nicolaus reiterated a “hold” rating and set a $44.00 price objective (down previously from $51.00) on shares of Hub Group in a research note on Friday, April 14th. Finally, TheStreet cut Hub Group from a “b” rating to a “c+” rating in a research note on Friday, April 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $40.83.

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.

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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).

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Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

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