Hub Group (NASDAQ:HUBG – Get Free Report) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 1.800-2.250 for the period, compared to the consensus EPS estimate of 2.120. The company issued revenue guidance of $4.3 billion-$4.7 billion, compared to the consensus revenue estimate of $4.6 billion. Hub Group also updated its FY24 guidance to $1.80-$2.25 EPS.
Hub Group Trading Up 0.5 %
NASDAQ:HUBG traded up $0.20 during mid-day trading on Thursday, hitting $40.19. 418,178 shares of the company’s stock were exchanged, compared to its average volume of 493,782. The company has a 50 day simple moving average of $42.08 and a 200-day simple moving average of $41.59. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $47.58. The firm has a market capitalization of $2.53 billion, a P/E ratio of 15.43 and a beta of 0.89.
Hub Group (NASDAQ:HUBG – Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The transportation company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Hub Group had a net margin of 3.99% and a return on equity of 10.56%. The firm had revenue of $985.60 million during the quarter, compared to analyst estimates of $997.67 million. During the same quarter last year, the business earned $2.42 EPS. The company’s revenue was down 23.3% compared to the same quarter last year. As a group, research analysts expect that Hub Group will post 2.19 earnings per share for the current year.
Hub Group Announces Dividend
Analyst Upgrades and Downgrades
Several research firms recently issued reports on HUBG. Benchmark reissued a buy rating and issued a $49.00 price target on shares of Hub Group in a research report on Wednesday, April 10th. StockNews.com raised shares of Hub Group from a sell rating to a hold rating in a research report on Friday, March 1st. Stephens cut their price objective on shares of Hub Group from $49.00 to $44.00 and set an equal weight rating on the stock in a report on Thursday, April 4th. Wells Fargo & Company lifted their price objective on shares of Hub Group from $45.00 to $50.00 and gave the stock an overweight rating in a report on Friday, February 2nd. Finally, Susquehanna cut their price objective on shares of Hub Group from $49.00 to $46.00 and set a neutral rating on the stock in a report on Monday, March 25th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Hub Group currently has a consensus rating of Hold and a consensus target price of $46.63.
Get Our Latest Stock Report on HUBG
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.
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