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

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 given 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 yield of 0.95%. The ex-dividend date of this dividend is Friday, December 6th.

Hub Group has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

Hub Group stock opened at $52.44 on Wednesday. Hub Group has a fifty-two week low of $36.88 and a fifty-two week high of $53.21. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.30 and a current ratio of 1.30. The stock has a market cap of $3.22 billion, a P/E ratio of 29.80 and a beta of 0.89. The firm’s fifty day moving average price is $45.68 and its 200-day moving average price is $44.40.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.03. Hub Group had a return on equity of 7.44% and a net margin of 2.74%. The business had revenue of $986.89 million for the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s revenue for the quarter was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Hub Group will post 1.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on HUBG. Stifel Nicolaus dropped their target price on Hub Group from $45.00 to $43.00 and set a “buy” rating for the company in a research report on Tuesday, August 6th. Susquehanna lowered their price objective on shares of Hub Group from $50.00 to $48.00 and set a “neutral” rating for the company in a report on Friday, November 1st. Barclays upped their price objective on shares of Hub Group from $42.00 to $52.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. lifted their target price on shares of Hub Group from $43.00 to $51.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. Finally, Evercore ISI boosted their price target on shares of Hub Group from $41.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. Ten analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average 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.