KeyCorp Research Analysts Lower Earnings Estimates for J B Hunt Transport Services Inc (NASDAQ:JBHT)

J B Hunt Transport Services Inc (NASDAQ:JBHT) – Equities researchers at KeyCorp cut their Q2 2019 earnings per share estimates for shares of J B Hunt Transport Services in a report issued on Wednesday, July 10th. KeyCorp analyst T. Fowler now expects that the transportation company will earn $1.33 per share for the quarter, down from their prior estimate of $1.38. KeyCorp also issued estimates for J B Hunt Transport Services’ FY2019 earnings at $5.60 EPS and FY2020 earnings at $6.25 EPS.

Several other analysts also recently commented on JBHT. Stifel Nicolaus upgraded shares of QUALCOMM from a “hold” rating to a “buy” rating and raised their target price for the stock from $57.00 to $100.00 in a report on Tuesday, April 16th. Goldman Sachs Group cut shares of EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a research note on Wednesday. Barclays decreased their price target on shares of Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a research note on Thursday, April 4th. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the stock a “hold” rating in a research note on Monday, July 8th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $50.00 price target on shares of Fortis in a research note on Tuesday, April 16th. Four analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company’s stock. J B Hunt Transport Services currently has a consensus rating of “Hold” and an average price target of $109.00.

Shares of JBHT stock opened at $92.94 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a market cap of $10.11 billion, a P/E ratio of 16.39, a P/E/G ratio of 1.05 and a beta of 1.11. The business’s 50 day moving average is $89.00. J B Hunt Transport Services has a 52 week low of $83.64 and a 52 week high of $129.98.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.25 by ($0.16). The company had revenue of $2.09 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the business posted $1.07 earnings per share.

In other news, insider John N. Roberts bought 2,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average cost of $86.23 per share, with a total value of $199,967.37. Following the completion of the purchase, the insider now owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Gary Charles George bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The stock was purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the completion of the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at approximately $4,099,237.88. The disclosure for this purchase can be found here. 3.60% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. FTB Advisors Inc. bought a new position in J B Hunt Transport Services during the first quarter worth $25,000. Somerset Trust Co boosted its position in J B Hunt Transport Services by 169.1% during the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares during the period. CSat Investment Advisory L.P. lifted its holdings in shares of J B Hunt Transport Services by 116.0% during the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after buying an additional 181 shares in the last quarter. Thor Advisors LLC acquired a new stake in shares of J B Hunt Transport Services during the first quarter worth $35,000. Finally, Pearl River Capital LLC lifted its holdings in shares of J B Hunt Transport Services by 267.0% during the first quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock worth $68,000 after buying an additional 486 shares in the last quarter. 72.94% of the stock is owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

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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