Hubbell (HUBB) to Release Earnings on Thursday

Hubbell (NYSE:HUBB - Get Free Report) is anticipated to announce its Q1 2025 earnings results before the market opens on Thursday, May 1st. Analysts expect Hubbell to post earnings of $3.77 per share and revenue of $1.39 billion for the quarter. Hubbell has set its FY 2025 guidance at 17.350-17.850 EPS and its FY25 guidance at $17.35-17.85 EPS.

Hubbell (NYSE:HUBB - Get Free Report) last posted its earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.02 by $0.08. Hubbell had a return on equity of 28.62% and a net margin of 13.82%. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the prior year, the company earned $3.69 EPS. Hubbell's revenue was down .9% on a year-over-year basis. On average, analysts expect Hubbell to post $18 EPS for the current fiscal year and $19 EPS for the next fiscal year.

Hubbell Price Performance

Shares of NYSE HUBB traded down $0.17 during trading on Friday, reaching $360.11. The company had a trading volume of 434,579 shares, compared to its average volume of 521,179. The company has a current ratio of 1.64, a quick ratio of 0.98 and a debt-to-equity ratio of 0.44. Hubbell has a twelve month low of $299.43 and a twelve month high of $481.35. The stock has a 50-day moving average price of $346.66 and a two-hundred day moving average price of $406.14. The stock has a market capitalization of $19.33 billion, a PE ratio of 25.08, a price-to-earnings-growth ratio of 1.34 and a beta of 0.95.

Hubbell Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Friday, February 28th were paid a $1.32 dividend. This represents a $5.28 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Friday, February 28th. Hubbell's payout ratio is 36.77%.

Hubbell announced that its board has initiated a stock buyback program on Wednesday, February 12th that permits the company to buyback $500.00 million in outstanding shares. This buyback authorization permits the industrial products company to purchase up to 2.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HUBB shares. JPMorgan Chase & Co. reduced their price objective on shares of Hubbell from $430.00 to $352.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Barclays lowered their price objective on Hubbell from $422.00 to $400.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. StockNews.com lowered Hubbell from a "buy" rating to a "hold" rating in a research note on Friday, April 11th. Finally, Wells Fargo & Company lowered their price objective on shares of Hubbell from $455.00 to $450.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 7th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $449.38.

Insider Activity

In other Hubbell news, insider Alyssa R. Flynn sold 1,164 shares of Hubbell stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $389.06, for a total transaction of $452,865.84. Following the sale, the insider now directly owns 4,327 shares in the company, valued at $1,683,462.62. The trade was a 21.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.66% of the company's stock.

About Hubbell

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.