FY2019 EPS Estimates for J B Hunt Transport Services Inc (NASDAQ:JBHT) Decreased by Analyst

J B Hunt Transport Services Inc (NASDAQ:JBHT) – Research analysts at KeyCorp lowered their FY2019 EPS estimates for J B Hunt Transport Services in a report released on Monday, April 15th, Zacks Investment Research reports. KeyCorp analyst T. Fowler now expects that the transportation company will earn $5.75 per share for the year, down from their prior forecast of $5.95. KeyCorp also issued estimates for J B Hunt Transport Services’ FY2020 earnings at $6.50 EPS.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The firm had revenue of $2.09 billion during the quarter, compared to analysts’ expectations of $2.17 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.07 earnings per share.

JBHT has been the topic of several other reports. ValuEngine upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Monday, April 1st. BidaskClub downgraded J B Hunt Transport Services from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 23rd. Morgan Stanley dropped their target price on J B Hunt Transport Services from $105.00 to $95.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 16th. Cowen reiterated a “market perform” rating and set a $122.00 target price (down from $129.00) on shares of J B Hunt Transport Services in a report on Friday, January 18th. Finally, Credit Suisse Group dropped their target price on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a report on Tuesday, January 15th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. J B Hunt Transport Services currently has a consensus rating of “Hold” and an average price target of $115.89.

Shares of NASDAQ:JBHT traded down $0.34 during mid-day trading on Wednesday, hitting $95.06. 792,359 shares of the company traded hands, compared to its average volume of 1,447,857. The company has a market cap of $10.34 billion, a P/E ratio of 16.77, a PEG ratio of 1.12 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. J B Hunt Transport Services has a 52-week low of $88.38 and a 52-week high of $131.74.

Several institutional investors and hedge funds have recently modified their holdings of the company. AlphaCrest Capital Management LLC acquired a new position in shares of J B Hunt Transport Services in the 1st quarter worth approximately $814,000. Campbell & CO Investment Adviser LLC acquired a new position in shares of J B Hunt Transport Services in the 1st quarter worth approximately $607,000. GAM Holding AG grew its position in shares of J B Hunt Transport Services by 53.7% in the 1st quarter. GAM Holding AG now owns 5,447 shares of the transportation company’s stock worth $552,000 after acquiring an additional 1,903 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in shares of J B Hunt Transport Services by 29.4% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 12,799 shares of the transportation company’s stock worth $1,296,000 after acquiring an additional 2,906 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in shares of J B Hunt Transport Services by 78.9% in the 1st quarter. Rockefeller Capital Management L.P. now owns 984 shares of the transportation company’s stock worth $100,000 after acquiring an additional 434 shares in the last quarter. Institutional investors own 71.87% of the company’s stock.

In other J B Hunt Transport Services news, CFO David G. Mee sold 2,886 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $109.06, for a total transaction of $314,747.16. Following the completion of the sale, the chief financial officer now owns 110,500 shares in the company, valued at approximately $12,051,130. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Nicholas Hobbs sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 21st. The shares were sold at an average price of $112.04, for a total value of $336,120.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,986 shares of company stock valued at $1,402,544. 3.60% of the stock is owned by insiders.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be paid a dividend of $0.26 per share. The ex-dividend date is Thursday, May 2nd. This represents a $1.04 dividend on an annualized basis and a yield of 1.09%. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

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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