Hub Group (NASDAQ:HUBG) posted its quarterly earnings data on Tuesday. The transportation company reported $0.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.12, Briefing.com reports. The firm had revenue of $921.16 million for the quarter, compared to the consensus estimate of $973.45 million. Hub Group had a net margin of 5.15% and a return on equity of 11.31%. The business’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. Hub Group updated its FY 2019 guidance to $3.30-3.40 EPS and its FY19 guidance to $3.30-3.40 EPS.
Shares of NASDAQ:HUBG traded down $0.38 during midday trading on Friday, reaching $42.96. The company had a trading volume of 12,899 shares, compared to its average volume of 241,697. The stock has a 50 day simple moving average of $40.83. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $1.51 billion, a PE ratio of 16.36 and a beta of 1.56. Hub Group has a 52-week low of $34.02 and a 52-week high of $56.60.
A number of research firms have issued reports on HUBG. Barclays cut their price objective on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating on the stock in a report on Thursday, April 4th. Zacks Investment Research downgraded shares of Hub Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 3rd. UBS Group set a $46.00 price objective on shares of Hub Group and gave the stock a “hold” rating in a report on Wednesday. BidaskClub raised shares of Hub Group from a “strong sell” rating to a “sell” rating in a report on Friday, June 28th. Finally, ValuEngine raised shares of Hub Group from a “sell” rating to a “hold” rating in a report on Thursday. Two research analysts have rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. Hub Group has a consensus rating of “Hold” and a consensus target price of $53.64.
Hub Group, Inc, an asset-light freight transportation management company, provides intermodal, trucking, truck brokerage, and other logistics services in North America. Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
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