Hub Group (HUBG) Updates FY18 Earnings Guidance

Hub Group (NASDAQ:HUBG) issued an update on its FY18 earnings guidance on Thursday morning. The company provided earnings per share guidance of $2.30-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.30.

Shares of Hub Group (NASDAQ HUBG) traded down $1.00 during trading hours on Friday, hitting $43.90. 128,292 shares of the company were exchanged, compared to its average volume of 290,800. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.33. The stock has a market cap of $1,530.00, a P/E ratio of 28.06, a P/E/G ratio of 1.35 and a beta of 1.40. Hub Group has a 52 week low of $33.17 and a 52 week high of $52.50.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 8th. The transportation company reported $0.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.22. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hub Group had a net margin of 1.39% and a return on equity of 8.87%. The firm’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.55 EPS. analysts predict that Hub Group will post 1.7 EPS for the current year.

A number of equities analysts recently weighed in on HUBG shares. UBS Group boosted their price target on shares of Hub Group from $47.00 to $48.00 and gave the stock a buy rating in a report on Friday, October 27th. BidaskClub raised shares of Hub Group from a hold rating to a buy rating in a report on Saturday, December 2nd. Zacks Investment Research raised shares of Hub Group from a hold rating to a buy rating and set a $58.00 price objective on the stock in a report on Tuesday, January 16th. Cowen reaffirmed a hold rating and set a $40.00 price objective on shares of Hub Group in a report on Thursday, October 12th. Finally, Wells Fargo & Co reaffirmed a market perform rating and set a $46.00 price objective (up from $37.00) on shares of Hub Group in a report on Thursday, November 2nd. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $48.42.

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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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