Hubbell Inc (NYSE:HUBB) is reporting third quarter earnings results on Tuesday 27th October 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 2.02 per share.
For the full year, analysts predict revenues of $ 4182.10 million, while looking forward to income of $ 7.22 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 7.00 ~ $ 7.25 per share
Click Here For More Historical Outlooks Of Hubbell Inc
Previous Quarter Performance
Hubbell Inc revealed income for the second quarter of $ 1.87 per share, from the revenue of $ 949.20 million. The quarterly earnings shrunk 19.05 percent while revenues fell 20.66 percent compared with the same quarter last year.
According to street consensus, HUBB was expected to report 2Q20 income of $ 1.60 per share from revenue of $ 1028.59 million. The bottom line results beat street analysts by $ 0.27 or 16.88 percent, at the same time, top line results fell short of analysts by $ 79.39 million or 7.72 percent.
Stock Performance
Shares of Hubbell Inc traded up $ 3.73 or 2.49 percent on Friday, reaching $ 153.39 with volume of 460.80 thousand shares. Hubbell Inc has traded high as $ 154.21 and has cracked $ 150.15 on the downward trend
According to the previous trading day, closing price of $ 153.39, representing a 74.80 % increase from the 52 week low of $ 85.62 and a 3.45 % decrease over the 52 week high of $ 155.00.
The company has a market capital of $ 8.32 billion and is part of the Technology sector and Electronic Components industry.
Recent Analyst recommendations
- On 16th September 2020, initiated by UBS Group at Neutral rating, with $ 149.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.91 per share on July 24, 2020. The dividend were payable on September 15, 2020 to holders of record as of the close of business on August 31, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Hubbell Inc will be hosting a conference call at 10:00 AM eastern time on 27th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hubbell.com
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.