Hubbell (HUBB) Earning Somewhat Positive Media Coverage, Analysis Finds

News headlines about Hubbell (NYSE:HUBB) have trended somewhat positive on Monday, according to Accern. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hubbell earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned press coverage about the industrial products company an impact score of 46.2421924625994 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

These are some of the media headlines that may have impacted Accern’s scoring:

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Several equities analysts have recently issued reports on HUBB shares. JPMorgan Chase reiterated a “hold” rating on shares of Hubbell in a report on Thursday, December 28th. Zacks Investment Research upgraded shares of Hubbell from a “hold” rating to a “buy” rating and set a $149.00 target price for the company in a report on Thursday, January 4th. Wells Fargo reiterated a “buy” rating and set a $143.00 target price (up from $136.00) on shares of Hubbell in a report on Wednesday, December 20th. Oppenheimer upgraded shares of Hubbell from a “market perform” rating to an “outperform” rating and set a $160.00 target price for the company in a report on Friday, January 12th. Finally, Morgan Stanley lowered their target price on shares of Hubbell from $153.00 to $145.00 and set an “overweight” rating for the company in a report on Monday, March 12th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $152.00.

Shares of NYSE HUBB opened at $118.45 on Monday. Hubbell has a twelve month low of $109.32 and a twelve month high of $149.03. The company has a market capitalization of $6,488.73, a P/E ratio of 19.97, a PEG ratio of 1.65 and a beta of 1.03. The company has a quick ratio of 1.37, a current ratio of 2.27 and a debt-to-equity ratio of 0.60.

Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, January 30th. The industrial products company reported $1.54 earnings per share for the quarter, topping analysts’ consensus estimates of $1.42 by $0.12. Hubbell had a net margin of 6.63% and a return on equity of 20.16%. The company had revenue of $917.70 million during the quarter, compared to analyst estimates of $901.23 million. During the same period in the previous year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up 7.4% on a year-over-year basis. sell-side analysts expect that Hubbell will post 7.18 earnings per share for the current fiscal year.

In related news, Chairman David G. Nord sold 12,076 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $133.76, for a total value of $1,615,285.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Stephen M. Mais sold 4,692 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $135.59, for a total transaction of $636,188.28. Following the completion of the transaction, the vice president now owns 16,669 shares of the company’s stock, valued at $2,260,149.71. The disclosure for this sale can be found here. 0.69% of the stock is owned by insiders.

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About Hubbell

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.

Insider Buying and Selling by Quarter for Hubbell (NYSE:HUBB)

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