Zacks: Analysts Expect J B Hunt Transport Services Inc (NASDAQ:JBHT) Will Announce Quarterly Sales of $2.34 Billion

Equities analysts predict that J B Hunt Transport Services Inc (NASDAQ:JBHT) will report $2.34 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for J B Hunt Transport Services’ earnings, with estimates ranging from $2.28 billion to $2.38 billion. J B Hunt Transport Services posted sales of $2.21 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 5.9%. The company is scheduled to announce its next earnings report 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 year, with estimates ranging from $9.01 billion to $9.20 billion. For the next financial year, analysts anticipate that the firm will report sales of $9.73 billion, with estimates ranging from $9.37 billion to $10.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow J B Hunt Transport Services.

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

JBHT has been the subject of several research reports. Cowen reissued a “market perform” rating and issued a $113.00 target price (up previously from $112.00) on shares of J B Hunt Transport Services in a research report on Tuesday, July 16th. Goldman Sachs Group assumed coverage on J B Hunt Transport Services in a research report on Wednesday, July 10th. They set a “buy” rating and a $113.00 price objective for the company. Susquehanna Bancshares raised their price objective on J B Hunt Transport Services from $110.00 to $114.00 in a research report on Tuesday, July 16th. Bank of America lowered J B Hunt Transport Services from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $110.00 to $95.00 in a research report on Tuesday, May 28th. Finally, Morgan Stanley set a $88.00 price objective on J B Hunt Transport Services and gave the company a “hold” rating in a research report on Monday, July 8th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and four have assigned a buy rating to the stock. J B Hunt Transport Services currently has an average rating of “Hold” and a consensus price target of $107.13.

Shares of NASDAQ:JBHT traded down $2.65 during trading on Monday, hitting $99.14. The stock had a trading volume of 1,052,138 shares, compared to its average volume of 893,727. J B Hunt Transport Services has a 12 month low of $83.64 and a 12 month high of $127.93. The company has a market capitalization of $10.88 billion, a PE ratio of 17.49, a PEG ratio of 1.23 and a beta of 1.14. The firm’s fifty day moving average is $98.24 and its 200 day moving average is $98.47. The company has a quick ratio of 1.30, a current ratio of 1.30 and a debt-to-equity ratio of 0.64.

The company also recently declared a quarterly dividend, which was paid on Friday, August 16th. Stockholders of record on Friday, August 2nd were paid a $0.26 dividend. The ex-dividend date was Thursday, August 1st. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.05%. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 18.34%.

In other news, EVP Nicholas Hobbs sold 1,485 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $101.77, for a total value of $151,128.45. Following the transaction, the executive vice president now directly owns 63,819 shares in the company, valued at approximately $6,494,859.63. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stuart Lockard Scott sold 10,000 shares of the firm’s stock in a transaction on Friday, July 26th. The stock was sold at an average price of $102.51, for a total value of $1,025,100.00. Following the completion of the transaction, the executive vice president now owns 16,171 shares in the company, valued at $1,657,689.21. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,826 shares of company stock worth $2,127,331. Company insiders own 3.60% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in JBHT. Price T Rowe Associates Inc. MD boosted its stake in shares of J B Hunt Transport Services by 64.1% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 16,549,237 shares of the transportation company’s stock worth $1,512,766,000 after buying an additional 6,466,645 shares during the last quarter. FMR LLC boosted its stake in shares of 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 worth $410,212,000 after buying an additional 1,529,785 shares during the last quarter. Atlanta Capital Management Co. L L C boosted its stake in shares of J B Hunt Transport Services by 20.2% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 4,209,332 shares of the transportation company’s stock worth $384,775,000 after buying an additional 706,693 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of J B Hunt Transport Services in the 2nd quarter worth $27,881,000. Finally, State of Tennessee Treasury Department boosted its stake 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. Hedge funds and other institutional investors own 73.90% of the company’s stock.

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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