Hubbell (NYSE:HUBB) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $7.80-8.20 for the period, compared to the Thomson Reuters consensus estimate of $8.07.
Shares of HUBB stock traded down $1.88 during mid-day trading on Wednesday, hitting $118.86. The company had a trading volume of 164,600 shares, compared to its average volume of 357,601. The company has a market capitalization of $6.62 billion, a PE ratio of 16.30, a price-to-earnings-growth ratio of 1.50 and a beta of 1.46. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.16 and a current ratio of 1.95. Hubbell has a 52-week low of $91.88 and a 52-week high of $137.67.
Hubbell (NYSE:HUBB) last released its quarterly earnings results on Tuesday, April 30th. The industrial products company reported $1.57 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.55 by $0.02. The company had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.10 billion. Hubbell had a net margin of 8.17% and a return on equity of 23.09%. Hubbell’s revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.39 earnings per share. On average, research analysts predict that Hubbell will post 8.1 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Friday, May 31st will be paid a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date is Thursday, May 30th. Hubbell’s payout ratio is 46.09%.
A number of research analysts have weighed in on HUBB shares. ValuEngine upgraded shares of Hubbell from a sell rating to a hold rating in a research report on Monday, February 4th. Zacks Investment Research upgraded shares of Hubbell from a hold rating to a buy rating and set a $129.00 price objective on the stock in a research report on Wednesday, February 13th. Finally, JMP Securities set a $146.00 price objective on shares of Hubbell and gave the company a buy rating in a research report on Tuesday, April 2nd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Hubbell currently has a consensus rating of Hold and an average price target of $131.00.
In other news, insider Kevin Arthur Poyck sold 247 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $122.00, for a total value of $30,134.00. Following the transaction, the insider now directly owns 15,572 shares in the company, valued at $1,899,784. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Darrin S. Wegman sold 3,925 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $127.06, for a total transaction of $498,710.50. Following the transaction, the insider now owns 19,149 shares in the company, valued at $2,433,071.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,492 shares of company stock worth $3,249,919. Company insiders own 2.20% of the company’s stock.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.
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