J B Hunt Transport Services Inc (NASDAQ:JBHT) Expected to P…

J B Hunt Transport Services Inc (NASDAQ:JBHT) Expected to P…


Brokerages expect J B Hunt Transport Services Inc (NASDAQ:JBHT) to announce sales of $2.29 billion for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for J B Hunt Transport Services’ earnings, with estimates ranging from $2.18 billion to $2.39 billion. J B Hunt Transport Services posted sales of $2.36 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 3%. The business is expected to announce its next earnings results on Tuesday, October 20th.

On average, analysts expect that J B Hunt Transport Services will report full year sales of $9.15 billion for the current fiscal year, with estimates ranging from $8.89 billion to $9.31 billion. For the next year, analysts forecast that the company will report sales of $9.78 billion, with estimates ranging from $9.38 billion to $10.06 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, July 16th. The transportation company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.31. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. The business had revenue of $2.15 billion during the quarter, compared to analysts’ expectations of $2.06 billion. During the same quarter last year, the company posted $1.37 earnings per share.

A number of equities research analysts have recently weighed in on JBHT shares. UBS Group lifted their price target on shares of J B Hunt Transport Services from $99.00 to $145.00 and gave the company a “neutral” rating in a research report on Friday, July 17th. BMO Capital Markets lifted their price target on shares of J B Hunt Transport Services from $100.00 to $125.00 and gave the company a “market perform” rating in a research report on Friday, July 17th. They noted that the move was a valuation call. Stephens lifted their price target on shares of J B Hunt Transport Services from $132.00 to $144.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. KeyCorp lifted their price target on shares of J B Hunt Transport Services from $135.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, July 17th. Finally, Zacks Investment Research downgraded shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating and set a $131.00 price target for the company. in a research report on Wednesday, July 8th. Seventeen research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. J B Hunt Transport Services presently has a consensus rating of “Hold” and a consensus target price of $132.84.

Shares of NASDAQ:JBHT opened at $135.39 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.59 and a debt-to-equity ratio of 0.55. J B Hunt Transport Services has a 12-month low of $75.29 and a 12-month high of $144.35. The business has a 50 day moving average of $136.11 and a 200-day moving average of $113.40. The stock has a market cap of $14.41 billion, a PE ratio of 27.80, a P/E/G ratio of 1.93 and a beta of 0.97.

The business also recently announced a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, August 6th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.80%. J B Hunt Transport Services’s payout ratio is presently 22.09%.

In other J B Hunt Transport Services news, SVP John Kuhlow sold 2,737 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $140.09, for a total transaction of $383,426.33. Also, Director Gary Charles George sold 56,000 shares of the business’s stock in a transaction on Monday, July 20th. The stock was sold at an average price of $135.26, for a total transaction of $7,574,560.00. Following the sale, the director now directly owns 40,599 shares in the company, valued at approximately $5,491,420.74. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 175,740 shares of company stock worth $23,968,399. Insiders own 3.51% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Atlanta Capital Management Co. L L C grew its stake in shares of J B Hunt Transport Services by 1.2% in the first quarter. Atlanta Capital Management Co. L L C now owns 4,222,207 shares of the transportation company’s stock worth $389,414,000 after purchasing an additional 50,948 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of J B Hunt Transport Services by 35.3% in the first quarter. Wellington Management Group LLP now owns 4,163,124 shares of the transportation company’s stock worth $383,965,000 after purchasing an additional 1,085,747 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of J B Hunt Transport Services by 27.1% in the first quarter. Victory Capital Management Inc. now owns 2,002,293 shares of the transportation company’s stock worth $184,671,000 after purchasing an additional 427,411 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of J B Hunt Transport Services by 3.8% in the first quarter. Geode Capital Management LLC now owns 1,411,017 shares of the transportation company’s stock worth $129,899,000 after purchasing an additional 51,088 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of J B Hunt Transport Services by 9.6% in the second quarter. Bank of New York Mellon Corp now owns 1,216,321 shares of the transportation company’s stock worth $146,372,000 after purchasing an additional 107,004 shares during the last quarter. 73.39% of the stock is currently owned by institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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