On average, equities research analysts predict that Hubbell Inc will post $5.49 EPS for the current year. Hubbell reported sales of $908.80 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings report on Tuesday, July 25th.
A number of equities analysts have commented on the stock. The industrial products company reported $1.23 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.11 by $0.12. During the same quarter past year, the firm earned $1.16 earnings per share. The business's revenue for the quarter was up 2.1% on a year-over-year basis. The rating was initiated by JMP Securities with "Mkt Perform" on Monday, June 19. The stock decreased 0.27% or $0.31 during the last trading session, reaching $114.08. Hubbell Inc has a one year low of $101.15 and a one year high of $125.93. The 50 day moving average moved down $-1.20 and the 200 day average went down $-3.81 or -3.23%. The firm has a market capitalization of $6.43 billion, a PE ratio of 22.05 and a beta of 0.95.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were given a dividend of $0.70 per share. The ex-dividend date was set for Friday the 26th of May 2017. The dividend yield was $2.45. Hubbell's payout ratio is now 52.83%. If you are reading this article on another website, it was stolen and republished in violation of United States & global copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/analysts-anticipate-hubbell-incorporated-hubb-will-post-quarterly-sales-of-942-21-million-updated-updated-updated/946863.html. Teachers Advisors LLC boosted its position in shares of Hubbell by 3.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 3,918 shares of the industrial products company's stock worth $457,000 after buying an additional 1,289 shares during the last quarter. Norges Bank acquired a new stake in Hubbell during the fourth quarter worth approximately $52,918,000.
FMR LLC raised its stake in Hubbell Inc (NYSE:HUBB) by 0.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). Baystate Wealth Management LLC now owns 1,087 shares of the industrial products company's stock worth $128,000 after buying an additional 409 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Hubbell by 38.2% in the first quarter. State Street Corp now owns 1,400,471 shares of the industrial products company's stock worth $168,122,000 after buying an additional 47,665 shares in the last quarter. Seven Eight Capital LP purchased a new position in Hubbell during the fourth quarter worth approximately $105,000. The institutional investor owned 1,100 shares of the industrial products company's stock at the end of the first quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company.
On July 27 JP Morgan maintained a stock rating of "Neutral" and raised the price expectation from $101.00 to $108.00. Zacks Investment Research raised shares of Hubbell from a "sell" rating to a "hold" rating in a report on Thursday, June 29th. Victory Capital Management Inc. now owns 1,106,156 shares of the industrial products company's stock worth $132,794,000 after buying an additional 55,537 shares in the last quarter. They issued a "market perform" rating on the stock.