Wall Street brokerages expect that Hub Group Inc (NASDAQ:HUBG) will post sales of $1.22 billion for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Hub Group’s earnings, with the highest sales estimate coming in at $1.24 billion and the lowest estimate coming in at $1.20 billion. Hub Group reported sales of $1.05 billion during the same quarter last year, which indicates a positive year over year growth rate of 16.2%. The business is expected to issue its next quarterly earnings results on Thursday, October 25th.
According to Zacks, analysts expect that Hub Group will report full year sales of $4.77 billion for the current year, with estimates ranging from $4.73 billion to $4.82 billion. For the next fiscal year, analysts anticipate that the business will report sales of $5.10 billion, with estimates ranging from $4.99 billion to $5.27 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Hub Group.
Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Wednesday, August 1st. The transportation company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.18. Hub Group had a net margin of 3.42% and a return on equity of 10.32%. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the company earned $0.29 earnings per share. The firm’s revenue for the quarter was up 27.7% on a year-over-year basis.
HUBG stock traded down $0.60 during midday trading on Monday, reaching $45.25. 7,994 shares of the company were exchanged, compared to its average volume of 251,098. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.23. Hub Group has a 1-year low of $37.90 and a 1-year high of $56.60. The stock has a market cap of $1.59 billion, a P/E ratio of 24.14 and a beta of 1.51.
In other news, Director Charles R. Reaves sold 2,500 shares of Hub Group stock in a transaction on Wednesday, September 5th. The shares were sold at an average price of $50.24, for a total value of $125,600.00. Following the transaction, the director now directly owns 68,768 shares of the company’s stock, valued at approximately $3,454,904.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.75% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new position in shares of Hub Group in the 2nd quarter valued at $216,000. Victory Capital Management Inc. increased its stake in Hub Group by 47.3% in the 1st quarter. Victory Capital Management Inc. now owns 5,479 shares of the transportation company’s stock valued at $229,000 after buying an additional 1,759 shares during the period. Amalgamated Bank acquired a new position in Hub Group in the 2nd quarter valued at $256,000. Sawtooth Solutions LLC acquired a new position in Hub Group in the 2nd quarter valued at $262,000. Finally, Xact Kapitalforvaltning AB acquired a new position in Hub Group in the 1st quarter valued at $299,000. 91.24% of the stock is currently owned by institutional investors and hedge funds.
Hub Group Company Profile
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, truck brokerage, and logistics services in North America. It operates through two segments, Mode and Hub. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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