Hubbell (NYSE:HUBB – Get Free Report) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, July 30th. Analysts expect Hubbell to post earnings of $4.23 per share for the quarter. Hubbell has set its FY24 guidance at $16.00-16.50 EPS and its FY 2024 guidance at 16.000-16.500 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.
Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings data on Tuesday, April 30th. The industrial products company reported $3.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.54 by $0.06. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.39 billion. Hubbell had a net margin of 13.23% and a return on equity of 29.55%. The company’s revenue was up 8.8% compared to the same quarter last year. During the same period last year, the firm posted $3.61 earnings per share. On average, analysts expect Hubbell to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.
Hubbell Stock Performance
HUBB opened at $367.09 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.66 and a debt-to-equity ratio of 0.64. The company has a market cap of $19.71 billion, a price-to-earnings ratio of 27.37, a PEG ratio of 1.36 and a beta of 0.90. Hubbell has a 52-week low of $248.37 and a 52-week high of $429.61. The firm’s fifty day simple moving average is $379.20 and its two-hundred day simple moving average is $379.34.
Insider Transactions at Hubbell
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on the stock. Barclays decreased their price objective on shares of Hubbell from $400.00 to $384.00 and set an “equal weight” rating on the stock in a report on Thursday, May 2nd. Wells Fargo & Company decreased their price target on shares of Hubbell from $435.00 to $397.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 1st. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $386.57.
Check Out Our Latest Research Report on HUBB
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.
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