Hub Group (NASDAQ:HUBG) Issues FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.80-$2.25 for the period, compared to the consensus EPS estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion. Hub Group also updated its FY 2024 guidance to 1.800-2.250 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on HUBG shares. Stephens dropped their target price on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a report on Friday. Benchmark reaffirmed a buy rating and set a $49.00 target price on shares of Hub Group in a report on Friday. BMO Capital Markets dropped their target price on shares of Hub Group from $48.00 to $45.00 and set a market perform rating for the company in a report on Friday. Morgan Stanley upped their target price on shares of Hub Group from $43.00 to $44.00 and gave the stock an equal weight rating in a report on Monday, February 12th. Finally, TD Cowen upped their target price on shares of Hub Group from $52.00 to $54.00 and gave the stock an outperform rating in a report on Friday, February 2nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Hold and a consensus target price of $46.54.

Hub Group Trading Down 0.6 %

Shares of HUBG traded down $0.26 during mid-day trading on Friday, reaching $39.93. The stock had a trading volume of 569,414 shares, compared to its average volume of 372,603. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.29 and a quick ratio of 1.29. Hub Group has a 52-week low of $31.73 and a 52-week high of $47.58. The business’s fifty day moving average is $41.88 and its 200 day moving average is $41.59. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The firm had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. During the same quarter in the prior year, the firm posted $0.94 earnings per share. Hub Group’s quarterly revenue was down 16.7% on a year-over-year basis. On average, sell-side analysts predict that Hub Group will post 2.19 EPS for the current fiscal year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. Hub Group’s payout ratio is currently 23.75%.

About Hub Group

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.