KeyBanc Downgrades Hub Group (HUBG) to Hold; Weak Q2 and Outlook
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Price: $37.37 -0.64%
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Rating Summary:
7 Buy, 12 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 18 | New: 13
Trade HUBG Now!
KeyBanc downgraded Hub Group (NASDAQ: HUBG) from Buy to Hold.
Analyst, Todd C. Fowler, said, "2Q12 results of $0.46 were below our $0.49 estimate and consensus of $0.48, despite approximately $0.02 of lower incentive compensation during the quarter...Near-term opportunity for gross margin expansion likely limited...Truck brokerage remains a work in progress...Our intermediate intermodal outlook remains favorable...Valuation, balance sheet, cash flow limit downside...Reflecting the shortfall in the current quarter and revised guidance, we are lowering our 2012 estimate to $1.83 (from $2.00). Our 2013 becomes $2.15 (from $2.35), reflecting our expectations for lower growth and a longer than previously expected turnaround for truck brokerage."
For an analyst ratings summary and ratings history on Hub Group click here. For more ratings news on Hub Group click here.
Shares of Hub Group closed at $31.87 yesterday, with a 52 week range of $25.77-$38.96.
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Analyst, Todd C. Fowler, said, "2Q12 results of $0.46 were below our $0.49 estimate and consensus of $0.48, despite approximately $0.02 of lower incentive compensation during the quarter...Near-term opportunity for gross margin expansion likely limited...Truck brokerage remains a work in progress...Our intermediate intermodal outlook remains favorable...Valuation, balance sheet, cash flow limit downside...Reflecting the shortfall in the current quarter and revised guidance, we are lowering our 2012 estimate to $1.83 (from $2.00). Our 2013 becomes $2.15 (from $2.35), reflecting our expectations for lower growth and a longer than previously expected turnaround for truck brokerage."
For an analyst ratings summary and ratings history on Hub Group click here. For more ratings news on Hub Group click here.
Shares of Hub Group closed at $31.87 yesterday, with a 52 week range of $25.77-$38.96.
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