Analysts Expect Hubbell Incorporated (NYSE:HUBB) Will Post Earnings of $2.41 Per Share

Equities research analysts expect Hubbell Incorporated (NYSE:HUBBGet Rating) to post earnings per share of $2.41 for the current quarter, Zacks reports. Three analysts have made estimates for Hubbell’s earnings. The lowest EPS estimate is $2.33 and the highest is $2.49. Hubbell reported earnings per share of $2.36 in the same quarter last year, which suggests a positive year-over-year growth rate of 2.1%. The company is expected to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Hubbell will report full-year earnings of $9.29 per share for the current year, with EPS estimates ranging from $9.00 to $9.55. For the next year, analysts forecast that the business will report earnings of $10.27 per share, with EPS estimates ranging from $9.92 to $10.75. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that follow Hubbell.

Hubbell (NYSE:HUBBGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The industrial products company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $1.86 by $0.26. Hubbell had a return on equity of 21.89% and a net margin of 10.77%. The company had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same period in the previous year, the firm earned $1.72 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. StockNews.com upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a report on Saturday, April 30th. Mizuho reduced their target price on shares of Hubbell from $240.00 to $220.00 and set a “buy” rating on the stock in a report on Monday, February 7th. Wells Fargo & Company raised their target price on shares of Hubbell from $181.00 to $200.00 in a research note on Thursday, April 28th. Zacks Investment Research raised shares of Hubbell from a “sell” rating to a “hold” rating in a research report on Tuesday, February 15th. Finally, Morgan Stanley increased their target price on Hubbell from $198.00 to $200.00 and gave the stock an “equal weight” rating in a research note on Thursday, April 7th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $207.00.

Shares of Hubbell stock traded up $0.73 on Friday, hitting $193.50. The stock had a trading volume of 457 shares, compared to its average volume of 389,079. Hubbell has a 52-week low of $170.76 and a 52-week high of $212.54. The stock has a market cap of $10.38 billion, a price-to-earnings ratio of 21.19, a P/E/G ratio of 2.09 and a beta of 1.13. The company’s 50 day moving average price is $188.57 and its 200 day moving average price is $194.20. The company has a current ratio of 2.00, a quick ratio of 1.27 and a debt-to-equity ratio of 0.65.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Tuesday, May 31st will be paid a $1.05 dividend. The ex-dividend date of this dividend is Friday, May 27th. This represents a $4.20 annualized dividend and a yield of 2.17%. Hubbell’s payout ratio is currently 45.80%.

Several hedge funds have recently added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC grew its holdings in shares of Hubbell by 4.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,245 shares of the industrial products company’s stock valued at $259,000 after purchasing an additional 54 shares in the last quarter. Avestar Capital LLC boosted its holdings in Hubbell by 4.1% during the 1st quarter. Avestar Capital LLC now owns 1,372 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 54 shares during the period. FDx Advisors Inc. raised its position in shares of Hubbell by 3.2% during the 1st quarter. FDx Advisors Inc. now owns 1,742 shares of the industrial products company’s stock worth $320,000 after acquiring an additional 54 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Hubbell by 0.9% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 7,201 shares of the industrial products company’s stock worth $1,500,000 after buying an additional 61 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of Hubbell by 1.2% in the fourth quarter. Pacer Advisors Inc. now owns 5,659 shares of the industrial products company’s stock valued at $1,179,000 after buying an additional 69 shares in the last quarter. Institutional investors own 86.37% of the company’s stock.

Hubbell Company Profile (Get Rating)

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical Solution and Utility Solution. 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 for the natural gas distribution market.

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