Hubbell (NYSE:HUBB) Announces Earnings Results

Hubbell (NYSE:HUBB) released its quarterly earnings results on Tuesday. The industrial products company reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.08, Zacks reports. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The business had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same period last year, the business earned $3.69 EPS. The business’s revenue was down .9% on a year-over-year basis. Hubbell updated its FY 2025 guidance to 17.350-17.850 EPS and its FY25 guidance to $17.35-17.85 EPS.

Hubbell Trading Down 1.9 %

Hubbell stock opened at $401.11 on Wednesday. Hubbell has a 52 week low of $342.85 and a 52 week high of $481.35. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66. The firm has a market capitalization of $21.53 billion, a price-to-earnings ratio of 28.90, a P/E/G ratio of 1.45 and a beta of 0.92. The company has a 50 day moving average price of $437.00 and a 200 day moving average price of $422.35.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a dividend of $1.32 per share. The ex-dividend date is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.32%. Hubbell’s dividend payout ratio is currently 38.04%.

Insider Buying and Selling at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of the company’s stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $466.20, for a total value of $533,332.80. Following the transaction, the insider now owns 2,957 shares in the company, valued at $1,378,553.40. This represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.78% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Barclays boosted their price target on Hubbell from $402.00 to $475.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 5th. StockNews.com cut Hubbell from a “buy” rating to a “hold” rating in a research note on Tuesday, January 28th. Deutsche Bank Aktiengesellschaft lowered shares of Hubbell from a “buy” rating to a “hold” rating and dropped their price target for the stock from $493.00 to $473.00 in a research note on Tuesday, November 26th. Sanford C. Bernstein started coverage on shares of Hubbell in a research note on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective on the stock. Finally, Mizuho lifted their target price on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $471.50.

Hubbell Company Profile

Hubbell Incorporated, together with its subsidiaries, designs, manufactures, and sells electrical and utility solutions in the United States and internationally. It operates through two segments, Electrical Solutions and Utility Solutions. 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.