Equities research analysts predict that Hub Group, Inc. (NASDAQ:HUBG) will report sales of $1.02 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Hub Group’s earnings. The highest sales estimate is $1.06 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 9.3%. The firm is scheduled to announce its next earnings report after the market closes on Thursday, October 26th.
According to Zacks, analysts expect that Hub Group will report full-year sales of $1.02 billion for the current year, with estimates ranging from $3.77 billion to $3.98 billion. For the next year, analysts anticipate that the business will report sales of $4.23 billion per share, with estimates ranging from $3.91 billion to $4.37 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Hub Group.
Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Wednesday, July 26th. The transportation company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.08). Hub Group had a net margin of 1.50% and a return on equity of 9.49%. The firm had revenue of $924.50 million during the quarter, compared to analysts’ expectations of $930.59 million. During the same period last year, the company earned $0.61 EPS. The business’s quarterly revenue was up 8.1% on a year-over-year basis.
HUBG has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Thursday, June 29th. Zacks Investment Research upgraded shares of Hub Group from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Wednesday, July 5th. Cowen and Company lowered their target price on shares of Hub Group from $42.00 to $40.00 and set a “market perform” rating for the company in a report on Thursday, July 27th. Barclays PLC lowered their target price on shares of Hub Group from $40.00 to $38.00 and set an “underweight” rating for the company in a report on Thursday, July 27th. Finally, KeyCorp restated a “neutral” rating on shares of Hub Group in a report on Friday, August 25th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.
Hub Group (HUBG) traded up 1.75% during mid-day trading on Monday, hitting $40.70. 415,375 shares of the stock traded hands. The firm’s 50-day moving average is $40.17 and its 200-day moving average is $38.60. Hub Group has a 12-month low of $33.17 and a 12-month high of $52.50. The company has a market cap of $1.39 billion, a price-to-earnings ratio of 24.24 and a beta of 1.41.
In other news, Director Charles R. Reaves sold 6,000 shares of the business’s stock in a transaction on Monday, August 28th. The shares were sold at an average price of $37.60, for a total transaction of $225,600.00. Following the transaction, the director now directly owns 67,947 shares of the company’s stock, valued at $2,554,807.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 5.36% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of HUBG. BlackRock Inc. lifted its position in shares of Hub Group by 19,453.7% during the first quarter. BlackRock Inc. now owns 5,038,204 shares of the transportation company’s stock worth $233,773,000 after purchasing an additional 5,012,438 shares in the last quarter. Nuance Investments LLC lifted its position in shares of Hub Group by 229.7% during the second quarter. Nuance Investments LLC now owns 1,517,579 shares of the transportation company’s stock worth $58,199,000 after purchasing an additional 1,057,338 shares in the last quarter. FMR LLC lifted its position in shares of Hub Group by 10.7% during the first quarter. FMR LLC now owns 3,270,552 shares of the transportation company’s stock worth $151,754,000 after purchasing an additional 317,119 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Hub Group by 42.7% during the second quarter. Bank of New York Mellon Corp now owns 647,808 shares of the transportation company’s stock worth $24,843,000 after purchasing an additional 193,994 shares in the last quarter. Finally, Bank of Montreal Can lifted its position in shares of Hub Group by 345.4% during the second quarter. Bank of Montreal Can now owns 235,492 shares of the transportation company’s stock worth $9,031,000 after purchasing an additional 182,622 shares in the last quarter. 91.06% of the stock is currently owned by institutional investors and hedge funds.
About Hub Group
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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