$2.10 EPS Expected for Hubbell Incorporated (HUBB) This Quarter

Analysts expect Hubbell Incorporated (NYSE:HUBB) to post earnings per share of $2.10 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hubbell’s earnings. The highest EPS estimate is $2.16 and the lowest is $2.04. Hubbell reported earnings of $1.65 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 27.3%. The firm is scheduled to issue its next earnings report on Tuesday, October 23rd.

According to Zacks, 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 year, analysts anticipate 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 an average based on a survey of sell-side research analysts that that provide coverage for Hubbell.

Hubbell (NYSE:HUBB) last issued its earnings results on Tuesday, July 24th. The industrial products company reported $1.97 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.78 by $0.19. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.12 billion. Hubbell had a return on equity of 21.57% and a net margin of 6.45%. The firm’s revenue for the quarter was up 23.0% compared to the same quarter last year. During the same period last year, the business posted $1.43 EPS.

Several analysts have recently commented on the company. Zacks Investment Research downgraded Hubbell from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Wolfe Research began coverage on shares of Hubbell in a research report on Wednesday, June 27th. They issued a “market perform” rating on the stock. JMP Securities raised shares of Hubbell from a “market perform” rating to an “outperform” rating in a research report on Monday, June 18th. ValuEngine raised shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Finally, Morgan Stanley raised their price target on shares of Hubbell from $133.00 to $136.00 and gave the company an “overweight” rating in a research report on Wednesday, July 25th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $143.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in HUBB. Legal & General Group Plc lifted its position in shares of Hubbell by 0.7% during the 1st quarter. Legal & General Group Plc now owns 74,028 shares of the industrial products company’s stock worth $9,016,000 after buying an additional 479 shares in the last quarter. Crossmark Global Holdings Inc. lifted its position in shares of Hubbell by 8.3% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 7,317 shares of the industrial products company’s stock worth $774,000 after buying an additional 560 shares in the last quarter. Suntrust Banks Inc. lifted its position in shares of Hubbell by 3.0% during the 1st quarter. Suntrust Banks Inc. now owns 19,209 shares of the industrial products company’s stock worth $2,338,000 after buying an additional 565 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Hubbell by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 21,415 shares of the industrial products company’s stock worth $2,264,000 after buying an additional 617 shares in the last quarter. Finally, OppenheimerFunds Inc. lifted its position in shares of Hubbell by 8.1% during the 1st quarter. OppenheimerFunds Inc. now owns 8,793 shares of the industrial products company’s stock worth $1,071,000 after buying an additional 656 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Shares of HUBB opened at $127.43 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.99 and a quick ratio of 1.20. The stock has a market capitalization of $7.32 billion, a PE ratio of 21.49, a PEG ratio of 1.83 and a beta of 1.08. Hubbell has a one year low of $100.55 and a one year high of $149.03.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Friday, August 31st were given a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $3.08 annualized dividend and a yield of 2.42%. Hubbell’s payout ratio is 51.94%.

About Hubbell

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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