Hubbell Inc (HUBB) Expected to Post Earnings of $1.42 Per Share
Analysts expect that Hubbell Inc (NYSE:HUBB) will report earnings per share (EPS) of $1.42 for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hubbell’s earnings. The lowest EPS estimate is $1.37 and the highest is $1.44. Hubbell posted earnings of $1.35 per share in the same quarter last year, which would suggest a positive year over year growth rate of 5.2%. The firm is expected to issue its next quarterly earnings results on Tuesday, January 30th.
According to Zacks, analysts expect that Hubbell will report full-year earnings of $5.44 per share for the current fiscal year, with EPS estimates ranging from $5.43 to $5.45. For the next financial year, analysts expect that the company will post earnings of $6.19 per share, with EPS estimates ranging from $6.15 to $6.25. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Hubbell.
Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, October 24th. The industrial products company reported $1.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.50 by $0.15. The company had revenue of $950.50 million for the quarter, compared to analyst estimates of $960.28 million. Hubbell had a net margin of 7.96% and a return on equity of 19.69%. The firm’s quarterly revenue was up 4.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.63 EPS.
Hubbell (NYSE:HUBB) traded up $0.41 during midday trading on Friday, hitting $135.93. 305,535 shares of the stock were exchanged, compared to its average volume of 282,587. Hubbell has a one year low of $109.32 and a one year high of $138.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 2.28. The firm has a market cap of $7,435.37, a P/E ratio of 26.19, a P/E/G ratio of 2.19 and a beta of 1.09.
The firm also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Thursday, November 30th were given a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Wednesday, November 29th. This is an increase from Hubbell’s previous quarterly dividend of $0.70. Hubbell’s dividend payout ratio is 59.34%.
Hubbell announced that its board has initiated a share buyback program on Friday, October 20th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the industrial products company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.
In related news, insider Gerben Bakker sold 590 shares of the stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $125.34, for a total transaction of $73,950.60. Following the completion of the sale, the insider now owns 13,249 shares of the company’s stock, valued at approximately $1,660,629.66. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.28% of the stock is currently owned by corporate insiders.
Large investors have recently modified their holdings of the business. Acrospire Investment Management LLC grew its position in Hubbell by 103.1% in the second quarter. Acrospire Investment Management LLC now owns 985 shares of the industrial products company’s stock valued at $111,000 after acquiring an additional 500 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hubbell in the second quarter valued at approximately $182,000. Advisors Asset Management Inc. grew its position in Hubbell by 1,122.0% in the third quarter. Advisors Asset Management Inc. now owns 1,613 shares of the industrial products company’s stock valued at $187,000 after acquiring an additional 1,481 shares in the last quarter. Magnetar Financial LLC acquired a new stake in Hubbell in the third quarter valued at approximately $221,000. Finally, YorkBridge Wealth Partners LLC acquired a new stake in Hubbell in the second quarter valued at approximately $225,000. 85.10% of the stock is owned by institutional investors.
COPYRIGHT VIOLATION WARNING: “Hubbell Inc (HUBB) Expected to Post Earnings of $1.42 Per Share” was originally reported by Marea Informative and is the sole property of of Marea Informative. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The legal version of this article can be accessed at https://www.mareainformativa.com/2018/01/30/hubbell-inc-hubb-expected-to-post-earnings-of-1-42-per-share-updated-updated-updated.html.
Hubbell Company Profile
Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hubbell Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hubbell and related companies with MarketBeat.com's FREE daily email newsletter.