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

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HubSpot (NYSE:HUBS) issued an update on its FY 2020
After-Hours earnings guidance on Wednesday morning. 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.

Shares of HUBS stock traded up $0.44 on Friday, hitting $197.78. 544,400 shares of the stock were exchanged, compared to its average volume of 543,455. The business has a 50-day moving average of $176.36 and a 200 day moving average of $167.68. 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 market capitalization of $8.42 billion, a P/E ratio of -149.83 and a beta of 1.58.

HubSpot (NYSE:HUBS) last issued its quarterly earnings results on Wednesday, February 12th. The software maker reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. HubSpot had a negative return on equity of 5.74% and a negative net margin of 8.68%. The firm had revenue of $186.19 million during the quarter, compared to analysts’ expectations of $180.95 million. During the same period in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up 29.3% compared to the same quarter last year. As a group, research analysts forecast that HubSpot will post -0.63 EPS for the current fiscal year.

Several research firms have issued reports on HUBS. William Blair restated an outperform rating on shares of HubSpot in a research note on Tuesday, November 5th. Wells Fargo & Co began coverage on HubSpot in a research note on Monday, January 27th. They issued an equal weight rating and a $190.00 price objective on the stock. Needham & Company LLC upped their price objective on HubSpot from $182.00 to $211.00 and gave the company a buy rating in a research note on Thursday. Cowen upped their price objective on HubSpot from $155.00 to $178.00 and gave the company a market perform rating in a research note on Thursday. Finally, Piper Jaffray Companies began coverage on HubSpot in a research note on Tuesday, November 26th. They issued an overweight rating and a $186.00 price objective on the stock. Eight research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus target price of $199.18.

In related news, CFO Kathryn Bueker sold 942 shares of the firm’s 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Halligan sold 8,501 shares of the firm’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $156.88, for a total value of $1,333,636.88. Following the transaction, the chief executive officer now directly owns 705,578 shares of the company’s stock, valued at $110,691,076.64. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,443 shares of company stock worth $4,312,473. 8.30% of the stock is currently owned by company insiders.

About HubSpot

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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