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.
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.
Further Reading: Diluted Earnings Per Share
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