Brokerages expect HubSpot Inc (NYSE:HUBS) to announce earnings per share (EPS) of $0.25 for the current fiscal quarter, according to Zacks Investment Research. Eleven analysts have made estimates for HubSpot’s earnings. The lowest EPS estimate is $0.25 and the highest is $0.26. HubSpot posted earnings of $0.18 per share in the same quarter last year, which suggests a positive year over year growth rate of 38.9%. The business is expected to issue its next quarterly earnings report on Wednesday, August 7th.
According to Zacks, analysts expect that HubSpot will report full-year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.15 to $1.31. For the next fiscal year, analysts forecast that the firm will post earnings of $1.72 per share, with EPS estimates ranging from $1.47 to $1.92. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover HubSpot.
HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Tuesday, May 7th. The software maker reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.10. The business had revenue of $151.80 million during the quarter, compared to the consensus estimate of $147.47 million. HubSpot had a negative net margin of 10.81% and a negative return on equity of 10.68%. The company’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.15 earnings per share.
HUBS has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of HubSpot from a “hold” rating to a “buy” rating and set a $170.00 target price for the company in a report on Monday, January 28th. Jefferies Financial Group boosted their target price on shares of HubSpot to $200.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Canaccord Genuity boosted their target price on shares of HubSpot from $160.00 to $190.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Bank of America boosted their target price on shares of HubSpot from $185.00 to $205.00 and gave the company a “buy” rating in a report on Wednesday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and issued a $198.00 target price (up from $145.00) on shares of HubSpot in a report on Wednesday, February 13th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. HubSpot has an average rating of “Buy” and a consensus target price of $187.53.
In other HubSpot news, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $168.73, for a total transaction of $4,218,250.00. Following the completion of the sale, the chief executive officer now directly owns 777,390 shares in the company, valued at $131,169,014.70. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel John P. Kelleher sold 390 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $172.75, for a total transaction of $67,372.50. Following the sale, the general counsel now owns 44,735 shares of the company’s stock, valued at $7,727,971.25. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 55,763 shares of company stock valued at $9,347,576. 9.60% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ffcm LLC acquired a new position in shares of HubSpot during the fourth quarter worth $25,000. Executive Wealth Management LLC acquired a new position in shares of HubSpot during the fourth quarter worth $26,000. Sageworth Trust Co acquired a new position in shares of HubSpot during the first quarter worth $38,000. CWM LLC acquired a new position in shares of HubSpot during the fourth quarter worth $40,000. Finally, First Hawaiian Bank acquired a new position in shares of HubSpot during the fourth quarter worth $43,000. Institutional investors own 91.11% of the company’s stock.
Shares of NYSE HUBS traded down $2.99 during midday trading on Tuesday, reaching $187.58. 418,836 shares of the stock were exchanged, compared to its average volume of 489,652. The company has a market cap of $7.90 billion, a PE ratio of -183.90 and a beta of 1.91. HubSpot has a 52-week low of $108.39 and a 52-week high of $192.49. The company has a debt-to-equity ratio of 0.83, a current ratio of 4.03 and a quick ratio of 4.03.
HubSpot Company Profile
HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. The company’s software platform includes integrated applications, such as customer relationship management, search engine optimization, blogging, Website content management, messaging, chatbots, social media, marketing automation, email, predictive lead scoring, sales productivity, ticketing and helpdesk tools, customer NPS surveys, analytics, and reporting.
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