HubSpot (NYSE:HUBS) Releases FY 2020 After-Hours Earnings Guidance

HubSpot (NYSE:HUBS) updated its FY 2020
After-Hours earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.24-1.32 for the period, compared to the Thomson Reuters consensus estimate of $1.61. The company issued revenue guidance of $840.5-844.5 million, compared to the consensus revenue estimate of $829.24 million.HubSpot also updated its FY20 guidance to $1.24-1.32 EPS.

A number of research firms have issued reports on HUBS. Piper Sandler raised their price target on shares of HubSpot from $200.00 to $207.00 and gave the stock an overweight rating in a research report on Thursday. Mizuho began coverage on shares of HubSpot in a research report on Thursday, January 9th. They set a buy rating and a $205.00 price target for the company. Royal Bank of Canada raised their price target on shares of HubSpot from $190.00 to $215.00 and gave the stock an outperform rating in a research report on Monday, January 27th. Jefferies Financial Group reduced their price target on shares of HubSpot from $230.00 to $190.00 and set a buy rating for the company in a research report on Wednesday, November 6th. Finally, Bank of America reissued a buy rating and set a $220.00 price target on shares of HubSpot in a research report on Tuesday, January 21st. Eight investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. HubSpot presently has an average rating of Buy and an average target price of $199.18.

HUBS traded up $0.44 on Friday, hitting $197.78. 544,400 shares of the company’s stock were exchanged, compared to its average volume of 543,455. HubSpot has a fifty-two week low of $137.30 and a fifty-two week high of $207.98. The company has a current ratio of 3.85, a quick ratio of 3.85 and a debt-to-equity ratio of 0.89. The firm has a 50-day moving average price of $176.36 and a 200-day moving average price of $167.68. The stock has a market cap of $8.42 billion, a price-to-earnings ratio of -149.83 and a beta of 1.58.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, February 12th. The software maker reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.03. HubSpot had a negative net margin of 8.68% and a negative return on equity of 5.74%. The company had revenue of $186.19 million for the quarter, compared to analysts’ expectations of $180.95 million. During the same quarter in the previous year, the company posted $0.37 EPS. The firm’s quarterly revenue was up 29.3% on a year-over-year basis. On average, equities analysts predict that HubSpot will post -0.63 EPS for the current year.

In other HubSpot news, CEO Brian Halligan sold 8,500 shares of HubSpot stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $149.53, for a total transaction of $1,271,005.00. Following the sale, the chief executive officer now owns 712,933 shares of the company’s stock, valued at approximately $106,604,871.49. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kathryn Bueker sold 942 shares of HubSpot stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $161.62, for a total transaction of $152,246.04. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,443 shares of company stock worth $4,312,473. 8.30% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for HubSpot (NYSE:HUBS)

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