Analysts Expect Hub Group Inc (NASDAQ:HUBG) Will Post Quarterly Sales of $979.02 Million

Wall Street brokerages expect that Hub Group Inc (NASDAQ:HUBG) will post $979.02 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Hub Group’s earnings. The highest sales estimate is $993.30 million and the lowest is $956.71 million. Hub Group posted sales of $1.18 billion during the same quarter last year, which would indicate a negative year over year growth rate of 17%. The company is expected to announce its next earnings results after the market closes on Tuesday, July 30th.

On average, analysts expect that Hub Group will report full year sales of $4.04 billion for the current financial year, with estimates ranging from $3.96 billion to $4.17 billion. For the next year, analysts anticipate that the business will report sales of $4.28 billion, with estimates ranging from $4.10 billion to $4.54 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Hub Group.

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

Several equities research analysts recently commented on HUBG shares. Zacks Investment Research upgraded HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. UBS Group lowered to a “neutral” rating and cut their target price for the company from GBX 870 ($11.37) to GBX 650 ($8.49) in a research report on Wednesday, June 19th. ValuEngine upgraded YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Cowen restated an “outperform” rating and set a $28.00 target price (down previously from $30.00) on shares of Pure Storage in a research report on Wednesday, May 22nd. Finally, Buckingham Research cut their price target on Werner Enterprises from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Tuesday, April 2nd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company’s stock. Hub Group presently has an average rating of “Hold” and an average target price of $53.45.

A number of large investors have recently made changes to their positions in the business. Advisory Services Network LLC bought a new position in shares of Hub Group in the first quarter valued at approximately $36,000. PNC Financial Services Group Inc. lifted its holdings in shares of Hub Group by 28.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,076 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 456 shares in the last quarter. NumerixS Investment Technologies Inc lifted its holdings in shares of Hub Group by 86.7% in the first quarter. NumerixS Investment Technologies Inc now owns 2,800 shares of the transportation company’s stock valued at $116,000 after purchasing an additional 1,300 shares in the last quarter. Quantamental Technologies LLC lifted its holdings in shares of Hub Group by 176.4% in the first quarter. Quantamental Technologies LLC now owns 3,015 shares of the transportation company’s stock valued at $123,000 after purchasing an additional 1,924 shares in the last quarter. Finally, 6 Meridian bought a new position in shares of Hub Group in the second quarter valued at approximately $209,000. Institutional investors and hedge funds own 90.74% of the company’s stock.

Shares of Hub Group stock traded up $0.70 on Monday, hitting $40.14. 182,082 shares of the company’s stock traded hands, compared to its average volume of 276,675. Hub Group has a one year low of $34.02 and a one year high of $56.60. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.18 and a quick ratio of 1.18. The firm’s fifty day moving average price is $40.42. The company has a market cap of $1.37 billion, a P/E ratio of 15.38 and a beta of 1.56.

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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