Equities research analysts expect Hubbell Incorporated (NYSE:HUBB) to post $2.10 earnings per share for the current quarter, Zacks reports. Three analysts have made estimates for Hubbell’s earnings, with estimates ranging from $2.04 to $2.16. Hubbell posted earnings per share of $1.65 in the same quarter last year, which would indicate a positive year over year growth rate of 27.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that Hubbell will report full year earnings of $7.32 per share for the current year, with EPS estimates ranging from $7.25 to $7.40. For the next financial year, analysts forecast that the company will post earnings of $8.05 per share, with EPS estimates ranging from $7.93 to $8.20. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Hubbell.

Hubbell (NYSE:HUBB) last released its quarterly earnings data on Tuesday, July 24th. The industrial products company reported $1.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.78 by $0.19. Hubbell had a net margin of 6.45% and a return on equity of 21.57%. The business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the previous year, the business earned $1.43 EPS. Hubbell’s quarterly revenue was up 23.0% compared to the same quarter last year.

HUBB has been the topic of several recent analyst reports. ValuEngine downgraded shares of Hubbell from a “hold” rating to a “sell” rating in a report on Friday, August 3rd. Wolfe Research initiated coverage on shares of Hubbell in a report on Wednesday, June 27th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. JMP Securities upgraded shares of Hubbell from a “market perform” rating to an “outperform” rating in a report on Monday, June 18th. Finally, Morgan Stanley initiated coverage on shares of Hubbell in a report on Tuesday, August 21st. They issued an “overweight” rating and a $133.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $141.17.

Institutional investors and hedge funds have recently made changes to their positions in the stock. DekaBank Deutsche Girozentrale bought a new position in shares of Hubbell during the 1st quarter worth about $111,000. Point72 Asia Hong Kong Ltd bought a new position in shares of Hubbell during the 1st quarter worth about $143,000. Vigilant Capital Management LLC bought a new position in shares of Hubbell during the 2nd quarter worth about $188,000. IFG Advisory LLC bought a new position in shares of Hubbell during the 2nd quarter worth about $231,000. Finally, Jump Trading LLC bought a new position in shares of Hubbell during the 1st quarter worth about $278,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Shares of HUBB stock traded down $0.90 on Friday, hitting $134.73. The company’s stock had a trading volume of 4,173 shares, compared to its average volume of 329,439. The company has a current ratio of 1.99, a quick ratio of 1.20 and a debt-to-equity ratio of 1.12. Hubbell has a fifty-two week low of $100.55 and a fifty-two week high of $149.03. The firm has a market cap of $7.49 billion, a PE ratio of 22.85, a PEG ratio of 1.87 and a beta of 1.09.

The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were issued a $0.77 dividend. The ex-dividend date was Thursday, August 30th. This represents a $3.08 annualized dividend and a yield of 2.29%. Hubbell’s dividend payout ratio (DPR) is presently 51.94%.

Hubbell Company Profile

Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies for the natural gas distribution market.

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