Hubbell (NYSE:HUBB) Updates FY25 Earnings Guidance

Hubbell (NYSE:HUBB) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $17.35-17.85 for the period, compared to the consensus earnings per share 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.

Hubbell Price Performance

Shares of HUBB traded down $4.30 during trading hours on Tuesday, hitting $404.43. 978,626 shares of the company were exchanged, compared to its average volume of 589,375. The company has a market capitalization of $21.71 billion, a PE ratio of 29.14, a PEG ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05. The firm has a fifty day simple moving average of $439.29 and a 200-day simple moving average of $421.85. Hubbell has a one year low of $342.85 and a one year high of $481.35.

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

Hubbell Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Friday, February 28th will be issued a $1.32 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.28 dividend on an annualized basis and a dividend yield of 1.31%. Hubbell’s payout ratio is currently 38.04%.

Analyst Ratings Changes

A number of research firms have recently issued reports on HUBB. StockNews.com lowered Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Mizuho increased their price objective on Hubbell from $450.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley increased their price objective on Hubbell from $407.00 to $445.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Sanford C. Bernstein started coverage on Hubbell in a report on Tuesday, November 5th. They set an “outperform” rating and a $535.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered Hubbell from an “overweight” rating to a “neutral” rating and increased their price objective for the stock from $385.00 to $454.00 in a report on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $471.50.

Insider Transactions at Hubbell

In other news, insider Mark Eugene Mikes sold 1,144 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $466.20, for a total transaction of $533,332.80. Following the completion of the sale, the insider now owns 2,957 shares of the company’s stock, valued at $1,378,553.40. This represents a 27.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.78% of the stock is owned by company insiders.

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.