Hub Group, Inc. to Issue Quarterly Dividend of $0.13 (NASDAQ:HUBG)

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Tuesday, August 27th, Zacks reports. Shareholders of record on Friday, September 6th will be given a dividend of 0.125 per share by the transportation company on Wednesday, September 25th. This represents a $0.50 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, September 6th.

Hub Group has a dividend payout ratio of 19.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.75 per share next year, which means the company should continue to be able to cover its $0.50 annual dividend with an expected future payout ratio of 18.2%.

Hub Group Stock Up 1.1 %

Hub Group stock traded up $0.49 during trading hours on Thursday, hitting $45.87. The company had a trading volume of 130,380 shares, compared to its average volume of 442,442. The firm’s fifty day moving average is $43.73 and its 200-day moving average is $42.89. Hub Group has a fifty-two week low of $31.73 and a fifty-two week high of $48.39. The firm has a market capitalization of $2.86 billion, a P/E ratio of 21.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.28 and a quick ratio of 1.28.

Hub Group (NASDAQ:HUBG) last announced its quarterly earnings results on Thursday, August 1st. The transportation company reported $0.47 EPS for the quarter, hitting the consensus estimate of $0.47. Hub Group had a net margin of 2.89% and a return on equity of 7.38%. The company had revenue of $986.50 million for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the business posted $0.72 EPS. Hub Group’s quarterly revenue was down 5.2% on a year-over-year basis. On average, research analysts forecast that Hub Group will post 2.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HUBG has been the topic of several analyst reports. Susquehanna dropped their price target on shares of Hub Group from $45.00 to $44.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and set a $49.00 price objective on shares of Hub Group in a report on Tuesday, July 9th. JPMorgan Chase & Co. upped their price objective on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Evercore ISI reaffirmed an “in-line” rating and set a $44.00 price objective on shares of Hub Group in a report on Tuesday, June 25th. Finally, Stifel Nicolaus reduced their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Ten research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $45.35.

About Hub Group

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.