Hubbell Inc (NYSE:HUBB) Issues FY17 Earnings Guidance

Hubbell Inc (NYSE:HUBB) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $5.40-5.60 for the period, compared to the Thomson Reuters consensus estimate of $5.48.

Shares of Hubbell Inc (HUBB) traded down 0.40% during trading on Friday, hitting $111.65. The stock had a trading volume of 224,983 shares. The stock has a 50 day moving average of $116.17 and a 200 day moving average of $117.49. Hubbell Inc has a 12 month low of $101.15 and a 12 month high of $125.93. The company has a market cap of $6.11 billion, a PE ratio of 21.18 and a beta of 1.01.

Hubbell (NYSE:HUBB) last posted its earnings results on Tuesday, July 25th. The industrial products company reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.11. The company had revenue of $948.30 million for the quarter, compared to the consensus estimate of $937.35 million. Hubbell had a return on equity of 19.77% and a net margin of 8.23%. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.53 earnings per share. Equities analysts forecast that Hubbell Inc will post $5.51 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be given a $0.70 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.51%. Hubbell’s dividend payout ratio is currently 53.03%.

A number of research firms recently commented on HUBB. Zacks Investment Research upgraded Hubbell from a sell rating to a hold rating in a research report on Thursday, July 27th. Wolfe Research began coverage on Hubbell in a research report on Tuesday, July 11th. They issued a market perform rating on the stock. Finally, JMP Securities began coverage on Hubbell in a research report on Monday, June 19th. They issued a market perform rating on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. Hubbell currently has an average rating of Hold and a consensus price target of $126.67.

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About Hubbell

Hubbell Incorporated is engaged in the design, manufacture and sale of electrical and electronic products for a range of non-residential and residential construction, industrial and utility applications. The Company’s segments include Electrical and the Power. The Electrical segment consists of businesses that sell stock and custom products, including standard and special application wiring device products, rough-in electrical products, lighting fixtures and controls, components and assemblies for the natural gas distribution market, as well as other electrical equipment.

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