Hubbell Inc (NYSE: HUBB) has reported E.P.S. of $2.75 for its first fiscal quarter (ending March 31) versus $3.39 for the same period a year ago — a decline of -19%. This result fell short of the consensus estimate of $3.76 by $-1.01. For the latest four quarters through March 31, E.P.S. were $13.50 versus $10.99 for the same period a year ago — an increase of 23%.
Recent Price Action
On 4/30/24, Hubbell Inc (NYSE: HUBB) stock suffered a large decline of -9.0%, closing at $370.52. Moreover, exceptionally high trading volume at 377% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -5.1% during the last week.
Current PriceTarget Research Rating
HUBB’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be a major Value Builder.
Hubbell has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Hubbell has a poor Appreciation Score of 23 but a good Power Rating of 84, with the Neutral Value Trend Rating the result.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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