Q2 2019 EPS Estimates for Hub Group Inc (NASDAQ:HUBG) Boosted by KeyCorp

Hub Group Inc (NASDAQ:HUBG) – Stock analysts at KeyCorp upped their Q2 2019 earnings per share estimates for shares of Hub Group in a research report issued to clients and investors on Tuesday, April 30th, according to Zacks Investment Research. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $0.78 per share for the quarter, up from their prior estimate of $0.76. KeyCorp also issued estimates for Hub Group’s Q3 2019 earnings at $0.84 EPS and Q4 2019 earnings at $1.02 EPS.

Hub Group (NASDAQ:HUBG) last released its earnings results on Tuesday, April 30th. The transportation company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.16. The firm had revenue of $933.00 million during the quarter, compared to analyst estimates of $946.76 million. Hub Group had a net margin of 5.15% and a return on equity of 11.31%. The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter last year, the business earned $0.48 EPS.

HUBG has been the subject of several other research reports. BidaskClub lowered shares of Hub Group from a “buy” rating to a “hold” rating in a report on Monday, February 25th. Stephens lifted their price objective on shares of Hub Group to $55.00 and gave the company an “overweight” rating in a report on Friday, February 8th. They noted that the move was a valuation call. Barclays decreased their price objective on shares of Hub Group from $48.00 to $46.00 and set an “underweight” rating for the company in a report on Thursday, April 4th. Buckingham Research cut their target price on shares of Hub Group from $54.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 2nd. Finally, Zacks Investment Research raised shares of Hub Group from a “hold” rating to a “buy” rating and set a $51.00 target price on the stock in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $54.73.

Shares of Hub Group stock traded down $0.98 during trading on Thursday, hitting $41.45. The stock had a trading volume of 308,859 shares, compared to its average volume of 254,506. The firm has a market capitalization of $1.44 billion, a PE ratio of 15.88 and a beta of 1.65. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.22. Hub Group has a 12 month low of $34.02 and a 12 month high of $56.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of HUBG. First Mercantile Trust Co. purchased a new position in shares of Hub Group in the 4th quarter worth approximately $39,000. Quantamental Technologies LLC purchased a new position in shares of Hub Group in the 4th quarter worth approximately $40,000. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Hub Group by 455.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,462 shares of the transportation company’s stock worth $60,000 after buying an additional 1,199 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Hub Group in the 4th quarter worth approximately $60,000. Finally, PNC Financial Services Group Inc. grew its position in shares of Hub Group by 28.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock worth $76,000 after buying an additional 456 shares during the last quarter. 90.46% of the stock is currently owned by institutional investors and hedge funds.

About Hub Group

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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