Zacks: Brokerages Anticipate Hubbell Incorporated (HUBB) to Announce $1.69 EPS
Wall Street brokerages expect that Hubbell Incorporated (NYSE:HUBB) will report earnings of $1.69 per share for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hubbell’s earnings, with the highest EPS estimate coming in at $1.71 and the lowest estimate coming in at $1.68. Hubbell reported earnings of $1.54 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The company is expected to report its next quarterly earnings results before the market opens on Tuesday, February 5th.
According to Zacks, analysts expect that Hubbell will report full-year earnings of $7.26 per share for the current year, with EPS estimates ranging from $7.25 to $7.28. For the next financial year, analysts anticipate that the company will post earnings of $7.79 per share, with EPS estimates ranging from $7.62 to $7.98. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Hubbell.
Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, October 23rd. The industrial products company reported $2.22 EPS for the quarter, beating analysts’ consensus estimates of $2.11 by $0.11. Hubbell had a return on equity of 23.08% and a net margin of 6.88%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.65 earnings per share. The business’s quarterly revenue was up 24.1% compared to the same quarter last year.
NYSE HUBB traded up $1.51 on Thursday, reaching $106.56. The stock had a trading volume of 271,159 shares, compared to its average volume of 486,300. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.88 and a quick ratio of 1.16. Hubbell has a 1 year low of $91.88 and a 1 year high of $149.03. The company has a market capitalization of $5.70 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 1.34 and a beta of 1.32.
In other Hubbell news, Director Neal J. Keating acquired 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 29th. The stock was acquired at an average price of $101.55 per share, with a total value of $101,550.00. Following the transaction, the director now owns 6,971 shares of the company’s stock, valued at $707,905.05. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director John F. Malloy acquired 994 shares of the business’s stock in a transaction that occurred on Friday, October 26th. The shares were acquired at an average cost of $100.82 per share, with a total value of $100,215.08. Following the transaction, the director now directly owns 13,020 shares in the company, valued at approximately $1,312,676.40. The disclosure for this purchase can be found here. 0.69% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Meeder Asset Management Inc. acquired a new position in Hubbell in the 4th quarter valued at approximately $35,000. Oakbrook Investments LLC raised its holdings in Hubbell by 62.2% in the 4th quarter. Oakbrook Investments LLC now owns 6,000 shares of the industrial products company’s stock valued at $596,000 after acquiring an additional 2,300 shares in the last quarter. Prentiss Smith & Co. Inc. raised its holdings in Hubbell by 44,719.3% in the 4th quarter. Prentiss Smith & Co. Inc. now owns 67,229 shares of the industrial products company’s stock valued at $6,679,000 after acquiring an additional 67,079 shares in the last quarter. Gateway Investment Advisers LLC raised its holdings in Hubbell by 0.5% in the 4th quarter. Gateway Investment Advisers LLC now owns 48,613 shares of the industrial products company’s stock valued at $4,829,000 after acquiring an additional 263 shares in the last quarter. Finally, Sit Investment Associates Inc. raised its holdings in Hubbell by 2.0% in the 4th quarter. Sit Investment Associates Inc. now owns 31,575 shares of the industrial products company’s stock valued at $3,137,000 after acquiring an additional 625 shares in the last quarter. 86.33% of the stock is owned by institutional investors and hedge funds.
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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