Equities research analysts expect Hubbell Incorporated (NYSE:HUBB) to report $1.17 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Hubbell’s earnings. Hubbell reported sales of $949.20 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 23.3%. The company is scheduled to announce its next quarterly earnings results on Thursday, July 29th.
On average, analysts expect that Hubbell will report full-year sales of $4.60 billion for the current year, with estimates ranging from $4.57 billion to $4.64 billion. For the next financial year, analysts forecast that the company will post sales of $4.87 billion, with estimates ranging from $4.80 billion to $4.94 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Hubbell.
Hubbell (NYSE:HUBB) last announced its quarterly earnings data on Tuesday, April 27th. The industrial products company reported $1.72 EPS for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.05. Hubbell had a return on equity of 20.42% and a net margin of 8.48%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter last year, the firm posted $1.64 earnings per share. The company’s revenue for the quarter was down 1.1% compared to the same quarter last year.
Shares of Hubbell stock opened at $184.62 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.59 and a debt-to-equity ratio of 0.68. Hubbell has a 52 week low of $117.17 and a 52 week high of $201.06. The firm has a 50 day moving average price of $190.61. The firm has a market capitalization of $10.03 billion, a PE ratio of 28.49, a PEG ratio of 2.29 and a beta of 1.19.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 15th. Stockholders of record on Monday, May 31st will be issued a $0.98 dividend. The ex-dividend date of this dividend is Thursday, May 27th. This represents a $3.92 dividend on an annualized basis and a dividend yield of 2.12%. Hubbell’s dividend payout ratio is presently 51.72%.
In other news, Director Carlos M. Cardoso sold 1,059 shares of the firm’s stock in a transaction that occurred on Friday, May 28th. The stock was sold at an average price of $190.28, for a total value of $201,506.52. Following the transaction, the director now owns 1,991 shares in the company, valued at $378,847.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Stephen M. Mais sold 3,178 shares of the firm’s stock in a transaction that occurred on Friday, April 30th. The shares were sold at an average price of $193.29, for a total value of $614,275.62. Following the completion of the transaction, the vice president now owns 16,146 shares in the company, valued at approximately $3,120,860.34. The disclosure for this sale can be found here. 1.62% of the stock is owned by company insiders.
A number of institutional investors have recently modified their holdings of HUBB. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Hubbell by 4.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,672 shares of the industrial products company’s stock worth $1,046,000 after acquiring an additional 256 shares during the period. California Public Employees Retirement System lifted its holdings in Hubbell by 5.5% during the fourth quarter. California Public Employees Retirement System now owns 131,595 shares of the industrial products company’s stock worth $20,633,000 after acquiring an additional 6,889 shares during the period. Meritage Portfolio Management lifted its holdings in Hubbell by 6.4% during the fourth quarter. Meritage Portfolio Management now owns 20,756 shares of the industrial products company’s stock worth $3,254,000 after acquiring an additional 1,255 shares during the period. Vaughan Nelson Investment Management L.P. lifted its holdings in Hubbell by 3.3% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 248,886 shares of the industrial products company’s stock worth $39,022,000 after acquiring an additional 8,030 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Hubbell by 1,786.4% during the fourth quarter. SG Americas Securities LLC now owns 28,371 shares of the industrial products company’s stock worth $4,448,000 after acquiring an additional 26,867 shares during the period. Institutional investors and hedge funds own 85.24% of the company’s stock.
Hubbell Company Profile
Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and electronic products in the United States and internationally. The company 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 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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