Hubbell (HUBB) Given Media Impact Score of 0.12
Press coverage about Hubbell (NYSE:HUBB) has trended somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Hubbell earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news coverage about the industrial products company an impact score of 46.4413449558505 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s analysis:
- Hubbell (HUBB) versus Spectrum Brands Holdings (SPB) Head-To-Head Analysis (americanbankingnews.com)
- Zacks: Analysts Anticipate Hubbell Inc (HUBB) Will Post Earnings of $1.52 Per Share (americanbankingnews.com)
- Power Quality Equipment Market to Register a CAGR Growth of 4.5% throughout 2016-2026 (mynewsdesk.com)
- Zacks Investment Research Downgrades Hubbell Inc (HUBB) to Hold (americanbankingnews.com)
- Hospital Lights Market to be valued at a US$10.0 bn by 2022 (mynewsdesk.com)
HUBB has been the subject of several recent analyst reports. Zacks Investment Research upgraded Hubbell from a “hold” rating to a “buy” rating and set a $128.00 price objective for the company in a research report on Wednesday, September 27th. BidaskClub upgraded Hubbell from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. Wolfe Research initiated coverage on Hubbell in a research report on Tuesday, July 11th. They set a “market perform” rating for the company. JMP Securities initiated coverage on Hubbell in a research report on Monday, June 19th. They set a “market perform” rating for the company. Finally, Morgan Stanley restated an “overweight” rating and set a $132.00 price objective (up from $130.00) on shares of Hubbell in a research report on Monday, October 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $124.00.
Hubbell (NYSE:HUBB) opened at 117.15 on Friday. The firm has a 50-day moving average price of $113.36 and a 200-day moving average price of $115.50. The firm has a market cap of $6.41 billion, a PE ratio of 22.23 and a beta of 1.04. Hubbell has a one year low of $101.15 and a one year high of $125.93.
Hubbell (NYSE:HUBB) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.11. Hubbell had a return on equity of 19.77% and a net margin of 8.23%. The firm had revenue of $948.30 million during the quarter, compared to analyst estimates of $937.35 million. During the same quarter in the previous year, the company posted $1.53 earnings per share. The company’s revenue was up 4.3% compared to the same quarter last year. On average, equities analysts expect that Hubbell will post $5.49 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Thursday, August 31st were paid a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend was Tuesday, August 29th. Hubbell’s dividend payout ratio (DPR) is currently 53.03%.
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Hubbell Company Profile
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
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