Hubbell (NYSE:HUBB) Posts Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Hubbell (NYSE:HUBB) posted its quarterly earnings data on Tuesday. The industrial products company reported $4.10 EPS for the quarter, beating the consensus estimate of $4.02 by $0.08, Zacks reports. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. Hubbell updated its FY 2025 guidance to 17.350-17.850 EPS.

Hubbell Price Performance

Hubbell stock traded down $7.15 during midday trading on Tuesday, reaching $401.58. 203,951 shares of the company were exchanged, compared to its average volume of 555,705. The company has a market capitalization of $21.55 billion, a price-to-earnings ratio of 28.67, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The firm’s 50-day simple moving average is $439.29 and its 200-day simple moving average is $421.85. Hubbell has a 1 year low of $342.85 and a 1 year high of $481.35.

Hubbell Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be given a $1.32 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.28 annualized dividend and a dividend yield of 1.31%. Hubbell’s dividend payout ratio is presently 38.04%.

Insider Activity at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the sale, the insider now directly owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.78% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft downgraded Hubbell from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $493.00 to $473.00 in a research report on Tuesday, November 26th. Barclays raised their target price on shares of Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a report on Thursday, December 5th. Sanford C. Bernstein initiated coverage on shares of Hubbell in a report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price target for the company. Finally, Mizuho lifted their price objective on shares of Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $471.50.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.