Hubbell (NYSE:HUBB) Releases FY 2025 Earnings Guidance

Hubbell (NYSE:HUBB) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 17.350-17.850 for the period, compared to the consensus estimate of 17.700. The company issued revenue guidance of $5.9 billion-$5.9 billion, compared to the consensus revenue estimate of $6.0 billion. Hubbell also updated its FY25 guidance to $17.35-17.85 EPS.

Analysts Set New Price Targets

Several research firms have recently commented on HUBB. Sanford C. Bernstein initiated coverage on Hubbell in a research report on Tuesday, November 5th. They issued an “outperform” rating and a $535.00 price target for the company. StockNews.com downgraded shares of Hubbell from a “buy” rating to a “hold” rating in a report on Tuesday, January 28th. Wells Fargo & Company reduced their price objective 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 downgraded Hubbell from a “buy” rating to a “hold” rating and reduced their price target for the stock from $493.00 to $473.00 in a research report on Tuesday, November 26th. Finally, Barclays upped 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. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $471.50.

Hubbell Stock Performance

NYSE:HUBB traded down $5.11 during midday trading on Thursday, hitting $394.97. The company’s stock had a trading volume of 245,670 shares, compared to its average volume of 600,549. The firm has a market cap of $21.20 billion, a P/E ratio of 28.48, a P/E/G ratio of 1.45 and a beta of 0.92. Hubbell has a fifty-two week low of $346.13 and a fifty-two week high of $481.35. The firm’s 50 day moving average is $435.82 and its 200-day moving average is $422.19. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.66 and a quick ratio of 1.05.

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 analysts’ consensus estimates of $4.02 by $0.08. The firm had revenue of $1.33 billion for 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 business’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.69 earnings per share. Equities analysts anticipate that Hubbell will post 16.48 earnings per share for the current fiscal year.

Hubbell Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Friday, February 28th will be given a dividend of $1.32 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $5.28 annualized dividend and a yield of 1.34%. Hubbell’s dividend payout ratio is presently 38.04%.

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.