HubSpot (NYSE:HUBS) Issues FY 2019 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.39-1.41 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.29. The company issued revenue guidance of $663-665 million, compared to the consensus revenue estimate of $657.56 million.HubSpot also updated its FY19 guidance to $1.39-$1.41 EPS.

Shares of NYSE HUBS traded down $4.55 during trading on Friday, reaching $191.67. 706,228 shares of the stock traded hands, compared to its average volume of 472,565. HubSpot has a 52-week low of $108.39 and a 52-week high of $196.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.03 and a quick ratio of 4.03. The firm has a 50-day moving average of $177.80. The stock has a market cap of $6.94 billion, a PE ratio of -187.91 and a beta of 1.71.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, August 6th. The software maker reported ($0.26) EPS for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.07. HubSpot had a negative return on equity of 9.37% and a negative net margin of 9.92%. The firm had revenue of $163.30 million for the quarter, compared to analysts’ expectations of $157.26 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year. Equities analysts anticipate that HubSpot will post -0.86 earnings per share for the current year.

HUBS has been the topic of a number of recent research reports. Deutsche Bank upped their price target on HubSpot from $168.00 to $180.00 and gave the company a hold rating in a research report on Wednesday, May 8th. Stifel Nicolaus boosted their price objective on HubSpot from $185.00 to $195.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Cowen set a $170.00 price objective on HubSpot and gave the company a hold rating in a research note on Wednesday. SunTrust Banks boosted their price objective on HubSpot to $205.00 and gave the company a buy rating in a research note on Wednesday, May 8th. Finally, Raymond James boosted their price objective on HubSpot from $181.00 to $200.00 and gave the company an outperform rating in a research note on Wednesday, May 8th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $188.35.

In other news, Director Lorrie M. Norrington sold 28,333 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $178.10, for a total value of $5,046,107.30. Following the transaction, the director now directly owns 30,679 shares in the company, valued at approximately $5,463,929.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Brian Halligan sold 8,500 shares of the firm’s stock in a transaction on Tuesday, July 16th. The stock was sold at an average price of $178.86, for a total value of $1,520,310.00. Following the completion of the transaction, the chief executive officer now owns 736,946 shares in the company, valued at $131,810,161.56. The disclosure for this sale can be found here. In the last three months, insiders sold 105,187 shares of company stock valued at $18,472,682. Corporate insiders own 8.30% of the company’s stock.

HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company's software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.

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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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