Hub Group (NASDAQ:HUBG) Releases FY24 Earnings Guidance

Hub Group (NASDAQ:HUBG) updated its FY24 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.80-$2.25 for the period, compared to the consensus estimate of $2.11. The company issued revenue guidance of $4.3-$4.7 billion, compared to the consensus revenue estimate of $4.58 billion. Hub Group also updated its FY 2024 guidance to 1.800-2.250 EPS.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Stephens decreased their price target 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. Morgan Stanley lifted their price objective on shares of Hub Group from $43.00 to $44.00 and gave the stock an equal weight rating in a report on Monday, February 12th. JPMorgan Chase & Co. lifted their price objective on shares of Hub Group from $43.50 to $46.00 and gave the stock a neutral rating in a report on Tuesday, January 9th. Benchmark reaffirmed a buy rating and issued a $49.00 price objective on shares of Hub Group in a report on Friday. Finally, Stifel Nicolaus lifted their price objective on shares of Hub Group from $49.50 to $52.00 and gave the stock a buy rating in a report on Wednesday, January 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of $46.54.

Hub Group Price Performance

Hub Group stock traded down $0.26 during midday trading on Friday, hitting $39.93. The company’s stock had a trading volume of 569,414 shares, compared to its average volume of 372,603. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock’s 50-day moving average price is $41.88 and its 200-day moving average price is $41.59. Hub Group has a 12 month low of $31.73 and a 12 month high of $47.58. The company has a market capitalization of $2.51 billion, a PE ratio of 18.97 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, April 25th. The transportation company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. The firm had revenue of $1,000.00 million for the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. Hub Group’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.94 earnings per share. Analysts anticipate that Hub Group will post 2.19 earnings per share for the current fiscal year.

Hub Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Friday, March 8th were paid a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. Hub Group’s dividend payout ratio is currently 23.75%.

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.