For its second fiscal quarter (ending June 30), Hubbell Inc (NYSE: HUBB) has reported E.P.S. of $3.97 compared to $3.85 a year ago. E.P.S. were $13.62 for the latest four quarters through June 30 versus $12.32 for the same period a year ago.
Recent Price Action
On 7/30/24, Hubbell Inc (NYSE: HUBB) stock enjoyed a large increase of 3.5%, closing at $379.80. Moreover, this advance was accompanied by above average trading volume at 145% of normal. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, HUBB is expected to continue to be a major Value Builder.
Hubbell has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Hubbell has a poor Appreciation Score of 26 but a good Power Rating of 82, and the Neutral Value Trend Rating results.
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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