Hub Group (NASDAQ:HUBG – Get Free Report) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.75-2.05 for the period, compared to the consensus earnings per share estimate of $1.96. The company issued revenue guidance of $4.00-4.30 billion, compared to the consensus revenue estimate of $4.36 billion. Hub Group also updated its FY 2024 guidance to 1.750-2.050 EPS.
Hub Group Price Performance
Shares of HUBG traded down $3.67 during mid-day trading on Friday, hitting $42.53. 877,011 shares of the company traded hands, compared to its average volume of 421,356. Hub Group has a one year low of $31.73 and a one year high of $48.39. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.14. The business has a 50-day moving average of $43.67 and a 200 day moving average of $43.14. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.20 and a beta of 0.89.
Hub Group (NASDAQ:HUBG – Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. The transportation company reported $0.47 earnings per share for the quarter, meeting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The business had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the business posted $0.72 earnings per share. Hub Group’s revenue was down 5.2% compared to the same quarter last year. As a group, equities analysts expect that Hub Group will post 2.02 earnings per share for the current fiscal year.
Hub Group Dividend Announcement
Wall Street Analysts Forecast Growth
HUBG has been the subject of several research reports. Evercore ISI reissued an in-line rating and set a $44.00 price objective on shares of Hub Group in a research report on Tuesday, June 25th. JPMorgan Chase & Co. increased their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a neutral rating in a research report on Friday. Stephens lowered their price objective on shares of Hub Group from $44.00 to $42.00 and set an equal weight rating for the company in a research report on Friday, April 26th. Benchmark reissued a buy rating and set a $49.00 price objective on shares of Hub Group in a research report on Tuesday, July 9th. Finally, Susquehanna decreased their target price on shares of Hub Group from $45.00 to $44.00 and set a neutral rating for the company in a research report on Friday. Ten analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus price target of $46.04.
Read Our Latest Research Report on Hub Group
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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