Hubbell (NYSE:HUBB) Issues FY25 Earnings Guidance

Hubbell (NYSE:HUBB) updated its FY25 earnings guidance on Tuesday. 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.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on HUBB shares. Mizuho lifted their price target on Hubbell from $450.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Barclays boosted their price objective on shares of Hubbell from $402.00 to $475.00 and gave the company an “equal weight” rating in a research report on Thursday, December 5th. Morgan Stanley boosted their target price on shares of Hubbell from $407.00 to $445.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Sanford C. Bernstein started coverage on shares of Hubbell in a research note on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target on the stock. Finally, Deutsche Bank Aktiengesellschaft cut 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $471.50.

Hubbell Trading Down 1.1 %

Hubbell stock traded down $4.30 during midday trading on Tuesday, reaching $404.43. 978,626 shares of the stock traded hands, compared to its average volume of 589,375. The company has a 50-day simple moving average of $439.29 and a two-hundred day simple moving average of $421.85. Hubbell has a 12-month low of $342.85 and a 12-month high of $481.35. The firm has a market cap of $21.71 billion, a PE ratio of 29.14, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company has a current ratio of 1.66, a quick ratio of 1.05 and a debt-to-equity ratio of 0.51.

Hubbell (NYSE:HUBB) last issued its earnings results 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. Hubbell had a return on equity of 28.81% and a net margin of 13.33%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the company earned $3.69 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. Research analysts expect that Hubbell will post 16.48 earnings per share for the current fiscal year.

Hubbell Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Friday, February 28th will be given a dividend of $1.32 per share. This represents a $5.28 annualized dividend and a yield of 1.31%. The ex-dividend date is Friday, February 28th. Hubbell’s dividend payout ratio (DPR) is 38.04%.

Insiders Place Their Bets

In other Hubbell news, insider Mark Eugene Mikes sold 1,144 shares of Hubbell stock in a transaction that occurred on 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 directly owns 2,957 shares in the company, valued at approximately $1,378,553.40. This trade represents a 27.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.

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.