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Hub Group, Inc. (HUBG) provides intermodal, trucking, truck brokerage, and other logistics services in North America.
Its intermodal services include arranging for the movement of its customers' freight in containers and trailers over long distances.
The company contracts with railroads to provide transportation for the long-haul portion of the shipment between origin or destination and rail terminals for pickup and delivery; and negotiates drayage rates for the transportation between origin and destination points.
It also offers truck brokerage services; and warehouse and transportation logistics services, including retailer-driven collaborative consolidation programs, as well as a range of transportation management services and technology solutions, such as shipment optimization, load consolidation, mode selection, carrier management, load planning and execution, and Web-based shipment visibility under the Unyson Logistics and CaseStack names.
In addition, the company provides multi-modal transportation services, such as small parcel, heavyweight, expedited, less-than-truckload, truckload, intermodal, railcar, and international shipping.
As of December 31, 2018, it owned approximately 37,000 53-foot containers, as well as access to approximately 1,200 rail-owned containers for use on the Union Pacific and the Norfolk Southern railroads.
Shares are heading higher in an upward trading channel. The lower boundary of the channel coincides with the stock's 50-day moving average. share are expected to head higher from their current level.
The company reported its quarterly results on April 30th, Hub Group reported 1st Quarter March 2019 earnings of $0.71 per share on revenue of $933.0 million. The consensus earnings estimate was $0.55 per share on revenue of $939.7 million.
The company said it expects 2019 earnings of $3.25 to $3.40 per share. The company's previous guidance was earnings of $3.10 to $3.20 per share and the current consensus earnings estimate is $3.21 per share for the year ending December 31, 2019.
Entry Point: $42.50
Stop Loss: $40.00
Trading Range: $34.02 - $56.60
Target Price: $46.70
HUBG closed at $46.50
