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

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Monday, November 25th,RTT News reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.125 per share by the transportation company on Friday, December 20th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.94%.

Hub Group has a dividend payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Hub Group to earn $2.58 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 19.4%.

Hub Group Price Performance

Shares of HUBG stock traded up $2.19 during trading hours on Monday, reaching $53.20. 981,522 shares of the company were exchanged, compared to its average volume of 467,946. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.30 and a quick ratio of 1.30. The stock’s fifty day moving average is $45.51 and its two-hundred day moving average is $44.33. Hub Group has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The company has a market cap of $3.26 billion, a price-to-earnings ratio of 29.98 and a beta of 0.89.

Hub Group (NASDAQ:HUBG) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. Hub Group had a net margin of 2.74% and a return on equity of 7.44%. The company had revenue of $986.89 million during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue for the quarter was down 3.7% compared to the same quarter last year. Sell-side analysts forecast that Hub Group will post 1.91 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HUBG. TD Cowen increased their price objective on Hub Group from $43.00 to $49.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Barclays increased their target price on shares of Hub Group from $42.00 to $52.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 13th. Stifel Nicolaus lowered their price target on shares of Hub Group from $45.00 to $43.00 and set a “buy” rating on the stock in a research note on Tuesday, August 6th. Benchmark restated a “buy” rating and set a $47.00 price objective on shares of Hub Group in a research note on Friday, November 1st. Finally, JPMorgan Chase & Co. raised their price objective on Hub Group from $43.00 to $51.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Ten equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $46.83.

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.