Hubbell (HUBB) to Release Earnings on Tuesday

Hubbell (NYSE:HUBB - Get Free Report) is expected to announce its earnings results before the market opens on Tuesday, February 4th. Analysts expect Hubbell to post earnings of $4.02 per share and revenue of $1.41 billion for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

Hubbell (NYSE:HUBB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The industrial products company reported $4.49 earnings per share for the quarter, beating analysts' consensus estimates of $4.47 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.48 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. Hubbell's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.95 EPS. On average, analysts expect Hubbell to post $16 EPS for the current fiscal year and $18 EPS for the next fiscal year.

Hubbell Stock Down 0.4 %

Hubbell stock traded down $1.68 during mid-day trading on Tuesday, hitting $412.85. 896,819 shares of the company's stock were exchanged, compared to its average volume of 551,142. Hubbell has a 1-year low of $326.13 and a 1-year high of $481.35. The stock has a 50 day moving average of $441.23 and a two-hundred day moving average of $420.90. The stock has a market cap of $22.16 billion, a P/E ratio of 29.74, a P/E/G ratio of 1.57 and a beta of 0.93. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on HUBB shares. Barclays lifted their target price on shares of Hubbell from $402.00 to $475.00 and gave the stock an "equal weight" rating in a report on Thursday, December 5th. Wells Fargo & Company lowered their price objective on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 7th. Mizuho upped their target price on shares of Hubbell from $450.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. Morgan Stanley raised their price target on shares of Hubbell from $407.00 to $445.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Hubbell from a "buy" rating to a "hold" rating and cut their price objective for the company from $493.00 to $473.00 in a research report on Tuesday, November 26th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Hubbell presently has an average rating of "Hold" and a consensus price target of $471.50.

Insider Transactions at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the transaction, the insider now directly owns 2,957 shares of the company's stock, valued at approximately $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.66% of the company's stock.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. The Electrical Solution segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures, and other electrical equipment for use in industrial, commercial, and institutional facilities by electrical contractors, maintenance personnel, electricians, utilities, and telecommunications companies, as well as components and assemblies.