News stories about Hubbell (NYSE:HUBB) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hubbell earned a news impact score of 0.16 on Accern’s scale. Accern also assigned media stories about the industrial products company an impact score of 46.2419717270262 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Fred Hubbell’s wealth is not a factor (thegazette.com)
- Hubbell criticizes Reynolds’ record in office (ktiv.com)
- Hubbell campaigns with running mate Hart in Northwest Iowa swing (siouxcityjournal.com)
- Hubbell, Hart come to agreement on once divergent health care views (thegazette.com)
- Fred Hubbell and Rita Hart stop in Mason City (kimt.com)
A number of brokerages have recently weighed in on HUBB. Morgan Stanley cut their price objective on Hubbell from $153.00 to $145.00 and set an “overweight” rating for the company in a research report on Monday, March 12th. Zacks Investment Research lowered Hubbell from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 4th. JMP Securities upgraded Hubbell from a “market perform” rating to an “outperform” rating in a research report on Monday, June 18th. Oppenheimer cut their price objective on Hubbell from $160.00 to $140.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. Finally, Wells Fargo & Co cut their price objective on Hubbell from $156.00 to $135.00 and set an “outperform” rating for the company in a research report on Wednesday, April 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $143.00.
Hubbell (NYSE:HUBB) last issued its quarterly earnings data on Tuesday, April 24th. The industrial products company reported $1.39 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.03. Hubbell had a return on equity of 20.40% and a net margin of 6.27%. The firm had revenue of $991.20 million during the quarter, compared to analyst estimates of $975.95 million. During the same quarter last year, the business posted $1.23 earnings per share. The business’s quarterly revenue was up 16.3% compared to the same quarter last year. analysts anticipate that Hubbell will post 7.09 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 15th. Investors of record on Thursday, May 31st were issued a $0.77 dividend. This represents a $3.08 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend was Wednesday, May 30th. Hubbell’s payout ratio is 51.94%.
In other Hubbell news, Director Neal J. Keating purchased 1,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was purchased at an average price of $105.96 per share, with a total value of $105,960.00. Following the acquisition, the director now owns 6,571 shares in the company, valued at $696,263.16. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Rodd Richard Ruland purchased 2,000 shares of the stock in a transaction that occurred on Friday, April 27th. The stock was acquired at an average cost of $105.19 per share, with a total value of $210,380.00. The disclosure for this purchase can be found here. 0.69% of the stock is currently owned by company insiders.
Hubbell Company Profile
Hubbell Incorporated designs, manufactures, and sells electrical and electronic products in the United States and internationally. It operates through two segments, Electrical and Power. The Electrical segment offers standard and special application wiring device products, rough-in electrical products, connector and grounding products, lighting fixtures and controls, 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 for the natural gas distribution market.
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