HubSpot (NYSE:HUBS) Issues FY 2019 Earnings Guidance

HubSpot (NYSE:HUBS) issued an update on its FY 2019 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $1.08-1.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.12. The company issued revenue guidance of $648-652 million, compared to the consensus revenue estimate of $636.56 million.HubSpot also updated its FY19 guidance to $1.08-1.16 EPS.

Shares of NYSE HUBS opened at $161.24 on Thursday. HubSpot has a 1 year low of $101.45 and a 1 year high of $180.00. The company has a quick ratio of 3.01, a current ratio of 3.01 and a debt-to-equity ratio of 1.30. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of -158.08 and a beta of 1.92.

HubSpot (NYSE:HUBS) last posted its earnings results on Tuesday, February 12th. The software maker reported $0.37 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.17) by $0.54. HubSpot had a negative return on equity of 17.08% and a negative net margin of 12.44%. The business had revenue of $144.02 million during the quarter, compared to the consensus estimate of $137.48 million. During the same period in the previous year, the business earned $0.12 EPS. The business’s quarterly revenue was up 35.2% on a year-over-year basis. On average, equities research analysts expect that HubSpot will post -1.09 EPS for the current fiscal year.

HUBS has been the topic of several recent research reports. Deutsche Bank boosted their price target on HubSpot from $150.00 to $168.00 and gave the company a hold rating in a research report on Wednesday, February 13th. Bank of America boosted their price target on HubSpot from $185.00 to $205.00 and gave the company a buy rating in a research report on Wednesday, February 13th. Canaccord Genuity boosted their price target on HubSpot from $160.00 to $190.00 and gave the company a buy rating in a research report on Wednesday, February 13th. Raymond James boosted their price target on HubSpot from $155.00 to $181.00 and gave the company an outperform rating in a research report on Wednesday, February 13th. Finally, Needham & Company LLC restated a buy rating and issued a $198.00 price target (up previously from $145.00) on shares of HubSpot in a research report on Wednesday, February 13th. Nine investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. HubSpot currently has an average rating of Buy and a consensus price target of $170.29.

In other news, Director Ronald S. Gill sold 4,140 shares of the business’s stock in a transaction that occurred on Monday, December 10th. The stock was sold at an average price of $128.15, for a total transaction of $530,541.00. Following the sale, the director now owns 18,214 shares of the company’s stock, valued at approximately $2,334,124.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Brian Halligan sold 15,277 shares of the company’s stock in a transaction that occurred on Thursday, December 20th. The shares were sold at an average price of $123.18, for a total value of $1,881,820.86. Following the completion of the sale, the chief executive officer now directly owns 680,046 shares in the company, valued at approximately $83,768,066.28. The disclosure for this sale can be found here. Insiders have sold a total of 75,783 shares of company stock worth $11,013,363 in the last three months. Corporate insiders own 9.60% of the company’s stock.

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HubSpot Company Profile

HubSpot, Inc provides a cloud-based marketing and sales software platform for businesses in the Americas, Europe, and the Asia Pacific. Its software platform includes integrated applications, such as social media, search engine optimization, blogging, Website content management, marketing automation, email, sales productivity, CRM, analytics, and reporting.