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

Hub Group, Inc. (NASDAQ:HUBG) announced a quarterly dividend on Wednesday, March 5th, RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 1.28%.

Hub Group has a payout ratio of 17.7% meaning its dividend is sufficiently covered by earnings. Equities 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 stock opened at $39.19 on Thursday. Hub Group has a 52-week low of $38.07 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 firm has a market capitalization of $2.40 billion, a P/E ratio of 23.05 and a beta of 0.94. The stock has a 50 day moving average price of $43.52 and a 200 day moving average price of $45.25.

Hub Group (NASDAQ:HUBG) last issued its quarterly earnings results on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Hub Group had a return on equity of 7.10% and a net margin of 2.64%. As a group, sell-side analysts predict that Hub Group will post 2.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have commented on HUBG. Benchmark raised their price objective on Hub Group from $47.00 to $49.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays reduced their price objective on Hub Group from $52.00 to $50.00 and set an “equal weight” rating on the stock in a report on Monday, February 10th. Susquehanna upgraded Hub Group from a “neutral” rating to a “positive” rating and set a $55.00 price objective on the stock in a report on Friday, January 3rd. Finally, Stifel Nicolaus raised their price objective on Hub Group from $46.00 to $53.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Hub Group currently has an average rating of “Hold” and a consensus price target of $48.50.

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.