Hub Group (NASDAQ:HUBG) Releases FY 2024 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.850-1.950 for the period, compared to the consensus estimate of 1.920. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.1 billion. Hub Group also updated its FY24 guidance to $1.85-1.95 EPS.

Wall Street Analyst Weigh In

HUBG has been the subject of several research reports. Susquehanna lifted their target price on Hub Group from $44.00 to $50.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Benchmark reissued a “buy” rating and issued a $47.00 target price on shares of Hub Group in a research note on Tuesday, September 17th. UBS Group lifted their target price on Hub Group from $42.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus lowered their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research note on Tuesday, August 6th. Finally, JPMorgan Chase & Co. lifted their target price on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $46.00.

Hub Group Trading Up 0.6 %

HUBG stock traded up $0.26 during midday trading on Wednesday, hitting $43.75. 439,318 shares of the company’s stock were exchanged, compared to its average volume of 445,657. The stock’s fifty day moving average price is $44.32 and its 200-day moving average price is $43.42. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.32 and a current ratio of 1.32. The company has a market cap of $2.73 billion, a PE ratio of 20.83 and a beta of 0.88. Hub Group has a one year low of $33.38 and a one year high of $48.39.

Hub Group (NASDAQ:HUBG) last posted its earnings results on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. Hub Group had a return on equity of 7.37% and a net margin of 2.89%. The company’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.72 earnings per share. Research analysts predict that Hub Group will post 1.92 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Friday, September 6th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $0.50 annualized dividend and a yield of 1.14%. Hub Group’s dividend payout ratio is presently 23.81%.

Hub Group Company Profile

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.