Brokerages Expect J B Hunt Transport Services Inc (NASDAQ:JBHT) Will Post Quarterly Sales of $2.34 Billion

Analysts expect that J B Hunt Transport Services Inc (NASDAQ:JBHT) will announce $2.34 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for J B Hunt Transport Services’ earnings. The highest sales estimate is $2.38 billion and the lowest is $2.28 billion. J B Hunt Transport Services reported sales of $2.21 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.9%. The company is expected to report its next earnings results on Monday, October 21st.

According to Zacks, analysts expect that J B Hunt Transport Services will report full-year sales of $9.14 billion for the current fiscal year, with estimates ranging from $9.01 billion to $9.20 billion. For the next year, analysts anticipate that the company will post sales of $9.73 billion, with estimates ranging from $9.37 billion to $10.05 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Monday, July 15th. The transportation company reported $1.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.37 EPS.

JBHT has been the topic of several analyst reports. Argus cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Loop Capital dropped their price target on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Zacks Investment Research cut shares of J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price target on the stock. in a research note on Thursday, June 20th. Goldman Sachs Group started coverage on shares of J B Hunt Transport Services in a research note on Wednesday, July 10th. They set a “buy” rating and a $113.00 price target on the stock. Finally, Susquehanna Bancshares raised their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a research report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $107.13.

In related news, insider John N. Roberts purchased 2,319 shares of J B Hunt Transport Services stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the acquisition, the insider now owns 288,739 shares in the company, valued at approximately $24,897,963.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,200 shares of J B Hunt Transport Services stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $99.07, for a total transaction of $118,884.00. Following the completion of the sale, the executive vice president now owns 8,144 shares in the company, valued at $806,826.08. The disclosure for this sale can be found here. Insiders have sold a total of 19,341 shares of company stock worth $1,976,203 over the last 90 days. Insiders own 3.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. FMR LLC increased its holdings in J B Hunt Transport Services by 60.7% in the 1st quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after acquiring an additional 1,529,785 shares during the last quarter. Norges Bank bought a new stake in shares of J B Hunt Transport Services in the 4th quarter worth about $70,673,000. Deutsche Bank AG increased its holdings in shares of J B Hunt Transport Services by 90.4% in the 4th quarter. Deutsche Bank AG now owns 753,177 shares of the transportation company’s stock worth $70,072,000 after buying an additional 357,539 shares during the last quarter. State of Tennessee Treasury Department increased its holdings in shares of J B Hunt Transport Services by 702.1% in the 1st quarter. State of Tennessee Treasury Department now owns 277,465 shares of the transportation company’s stock worth $28,104,000 after buying an additional 242,873 shares during the last quarter. Finally, Stevens Capital Management LP increased its holdings in shares of J B Hunt Transport Services by 1,729.6% in the 1st quarter. Stevens Capital Management LP now owns 101,398 shares of the transportation company’s stock worth $10,271,000 after buying an additional 95,856 shares during the last quarter. Institutional investors own 72.83% of the company’s stock.

Shares of J B Hunt Transport Services stock traded up $0.45 on Friday, hitting $101.67. 1,460,202 shares of the company’s stock were exchanged, compared to its average volume of 1,520,733. The firm has a 50-day moving average of $94.58. The company has a market capitalization of $10.93 billion, a PE ratio of 17.93, a PEG ratio of 1.24 and a beta of 1.14. J B Hunt Transport Services has a 1 year low of $83.64 and a 1 year high of $127.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.44.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be given a dividend of $0.26 per share. The ex-dividend date is Thursday, August 1st. This represents a $1.04 annualized dividend and a dividend yield of 1.02%. J B Hunt Transport Services’s payout ratio is 18.34%.

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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Earnings History and Estimates for J B Hunt Transport Services (NASDAQ:JBHT)

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