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

Hub Group, Inc. (NASDAQ:HUBG - Get Free Report) announced a quarterly dividend on Sunday, March 9th, RTT News reports. Stockholders 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 1.27%. The ex-dividend date is Tuesday, March 18th.

Hub Group has a payout ratio of 17.7% meaning 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 Stock Performance

HUBG traded down $0.15 on Friday, reaching $39.36. 542,674 shares of the stock were exchanged, compared to its average volume of 535,477. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.33 and a quick ratio of 1.30. The company's 50-day moving average price is $43.33 and its 200 day moving average price is $45.22. The firm has a market capitalization of $2.42 billion, a PE ratio of 23.15 and a beta of 0.93. Hub Group has a fifty-two week low of $38.07 and a fifty-two week high of $53.21.

Hub Group (NASDAQ:HUBG - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The transportation company reported $0.48 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 forecast that Hub Group will post 2.2 EPS for the current fiscal year.

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Wall Street Analyst Weigh In

HUBG has been the topic of several recent research reports. Benchmark upped their price objective on shares of Hub Group from $47.00 to $49.00 and gave the company a "buy" rating in a report on Friday, January 10th. Stifel Nicolaus upped their price target on shares of Hub Group from $46.00 to $53.00 and gave the company a "buy" rating in a report on Thursday, January 23rd. Susquehanna upgraded Hub Group from a "neutral" rating to a "positive" rating and set a $55.00 price objective for the company in a research note on Friday, January 3rd. 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. Finally, Deutsche Bank Aktiengesellschaft started coverage on Hub Group in a report on Friday. They set a "hold" rating and a $41.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $47.82.

Hub Group Company Profile

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.