Hubbell (NYSE:HUBB) Releases FY25 Earnings Guidance

Hubbell (NYSE:HUBB) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $17.35-17.85 for the period, compared to the consensus estimate of $17.75. The company issued revenue guidance of $5.85-5.91 billion, compared to the consensus revenue estimate of $5.99 billion. Hubbell also updated its FY 2025 guidance to 17.350-17.850 EPS.

Analyst Upgrades and Downgrades

HUBB has been the topic of a number of recent analyst reports. Morgan Stanley upped their target price on Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays raised their target price on Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Wells Fargo & Company reduced their price target on shares of Hubbell from $455.00 to $450.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft cut Hubbell from a “buy” rating to a “hold” rating and decreased their target price for the company from $493.00 to $473.00 in a research note on Tuesday, November 26th. Finally, StockNews.com lowered shares of Hubbell from a “buy” rating to a “hold” rating in a research report on Tuesday, January 28th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hubbell presently has an average rating of “Hold” and a consensus target price of $471.50.

Hubbell Stock Performance

Shares of NYSE:HUBB traded up $0.59 during midday trading on Wednesday, hitting $401.50. The company’s stock had a trading volume of 89,432 shares, compared to its average volume of 591,032. Hubbell has a fifty-two week low of $342.85 and a fifty-two week high of $481.35. The stock’s 50 day simple moving average is $437.00 and its 200 day simple moving average is $422.35. The stock has a market capitalization of $21.55 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.05 and a current ratio of 1.66.

Hubbell (NYSE:HUBB) last posted its quarterly earnings results on Tuesday, February 4th. The industrial products company reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.08. The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.41 billion. Hubbell had a net margin of 13.33% and a return on equity of 28.81%. The company’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $3.69 earnings per share. As a group, research analysts anticipate that Hubbell will post 16.48 earnings per share for the current year.

Hubbell Announces Dividend

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 paid a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, February 28th. Hubbell’s dividend payout ratio (DPR) is presently 38.04%.

Insider Buying and Selling at Hubbell

In related news, insider Mark Eugene Mikes sold 1,144 shares of the firm’s stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $466.20, for a total transaction of $533,332.80. Following the sale, the insider now owns 2,957 shares of the company’s stock, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.78% of the company’s stock.

About Hubbell

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.