Hub Group Inc (NASDAQ:HUBG) – Equities researchers at Seaport Global Securities increased their FY2019 earnings estimates for Hub Group in a research note issued to investors on Wednesday, November 6th. Seaport Global Securities analyst K. Sterling now expects that the transportation company will earn $3.37 per share for the year, up from their previous estimate of $3.30. Seaport Global Securities also issued estimates for Hub Group’s Q4 2019 earnings at $0.81 EPS, Q1 2020 earnings at $0.59 EPS, Q2 2020 earnings at $0.77 EPS, Q3 2020 earnings at $0.86 EPS, Q4 2020 earnings at $1.02 EPS and FY2020 earnings at $3.25 EPS.

Other equities research analysts have also recently issued reports about the stock. ValuEngine raised shares of Hub Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 1st. Cowen dropped their target price on shares of Hub Group from $55.00 to $53.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Zacks Investment Research cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Thursday, October 10th. BidaskClub cut shares of Hub Group from a “buy” rating to a “hold” rating in a report on Friday, November 1st. Finally, JPMorgan Chase & Co. raised shares of Hub Group from a “neutral” rating to an “overweight” rating and upped their target price for the company from $51.00 to $60.00 in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.38.

NASDAQ:HUBG traded up $0.17 on Friday, hitting $49.66. 1,885 shares of the company’s stock were exchanged, compared to its average volume of 245,989. The firm has a 50-day moving average price of $47.49 and a 200-day moving average price of $43.21. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.26 and a quick ratio of 1.23. Hub Group has a 52 week low of $34.02 and a 52 week high of $50.49. The company has a market cap of $1.70 billion, a P/E ratio of 19.13 and a beta of 1.62.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.80 by $0.17. The business had revenue of $913.28 million for the quarter, compared to analysts’ expectations of $956.99 million. Hub Group had a net margin of 3.38% and a return on equity of 11.11%. The firm’s revenue was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.77 EPS.

In other news, Director Charles R. Reaves sold 5,000 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $42.21, for a total value of $211,050.00. Following the sale, the director now directly owns 67,127 shares of the company’s stock, valued at approximately $2,833,430.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.94% of the stock is currently owned by corporate insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Strs Ohio grew its position in shares of Hub Group by 3.3% during the 2nd quarter. Strs Ohio now owns 22,000 shares of the transportation company’s stock worth $923,000 after purchasing an additional 700 shares in the last quarter. Laurion Capital Management LP bought a new position in shares of Hub Group during the second quarter valued at $934,000. SG Americas Securities LLC bought a new position in shares of Hub Group during the second quarter valued at $1,443,000. Morgan Stanley raised its stake in shares of Hub Group by 91.7% during the second quarter. Morgan Stanley now owns 386,609 shares of the transportation company’s stock valued at $16,228,000 after acquiring an additional 184,897 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. raised its stake in shares of Hub Group by 0.4% during the second quarter. Diamond Hill Capital Management Inc. now owns 3,253,735 shares of the transportation company’s stock valued at $136,592,000 after acquiring an additional 12,053 shares during the last quarter. Institutional investors and hedge funds own 91.30% of the company’s stock.

Hub Group Company Profile

Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.

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Earnings History and Estimates for Hub Group (NASDAQ:HUBG)

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