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

Hub Group, Inc. (NASDAQ:HUBG) declared a quarterly dividend on Saturday, March 15th, RTT News reports. Shareholders of record on Tuesday, March 18th will be paid a dividend of 0.125 per share by the transportation company on Friday, March 28th. This represents a $0.50 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, March 18th.

Hub Group has a dividend payout ratio of 17.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Hub Group to earn $2.77 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 18.1%.

Hub Group Price Performance

Shares of HUBG opened at $37.08 on Friday. Hub Group has a 52-week low of $36.34 and a 52-week high of $53.21. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.30 and a current ratio of 1.33. The business’s 50 day moving average price is $42.62 and its two-hundred day moving average price is $44.99. The firm has a market cap of $2.28 billion, a PE ratio of 21.81 and a beta of 0.93.

Hub Group (NASDAQ:HUBG) last released its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 EPS for the quarter, meeting the consensus estimate of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. On average, equities analysts anticipate that Hub Group will post 2.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Stifel Nicolaus boosted their price objective on Hub Group from $46.00 to $53.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Barclays decreased their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating for the company in a report on Monday, February 10th. Benchmark boosted their price objective on Hub Group from $47.00 to $49.00 and gave the company a “buy” rating in a report on Friday, January 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective for the company in a report on Friday, January 3rd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Hub Group in a report on Friday, March 7th. They set a “hold” rating and a $41.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Hub Group has an average rating of “Hold” and an average target price of $47.82.

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.