Hub Group (NASDAQ:HUBG) Issues FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided EPS guidance of $1.80-$2.25 for the period, compared to the consensus EPS estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion. Hub Group also updated its FY 2024 guidance to 1.800-2.250 EPS.

Wall Street Analyst Weigh In

Several research firms recently commented on HUBG. JPMorgan Chase & Co. boosted their price objective on shares of Hub Group from $43.50 to $46.00 and gave the stock a neutral rating in a research note on Tuesday, January 9th. Wells Fargo & Company lifted their target price 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. Benchmark reaffirmed a buy rating and issued a $49.00 target price on shares of Hub Group in a report on Friday. StockNews.com raised shares of Hub Group from a sell rating to a hold rating in a report on Friday, March 1st. Finally, Susquehanna decreased their target price on shares of Hub Group from $49.00 to $46.00 and set a neutral rating for the company in a report on Monday, March 25th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average price target of $46.54.

Hub Group Price Performance

Shares of HUBG traded down $0.26 during mid-day trading on Friday, reaching $39.93. The stock had a trading volume of 569,414 shares, compared to its average volume of 372,603. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The business has a fifty day moving average of $41.88 and a 200 day moving average of $41.59. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.29.

Hub Group (NASDAQ:HUBG) last posted its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The business had revenue of $1,000.00 million during the quarter, compared to analyst estimates of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The company’s revenue was down 16.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. Equities analysts predict that Hub Group will post 2.19 EPS for the current year.

Hub Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.25%. Hub Group’s dividend payout ratio is 23.75%.

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.