J B Hunt Transport Services Inc (NASDAQ:JBHT) Expected to Post Quarterly Sales of $2.29 Billion

Analysts expect J B Hunt Transport Services Inc (NASDAQ:JBHT) to post sales of $2.29 billion for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for J B Hunt Transport Services’ earnings, with the highest sales estimate coming in at $2.37 billion and the lowest estimate coming in at $2.25 billion. J B Hunt Transport Services posted sales of $2.14 billion during the same quarter last year, which suggests a positive year over year growth rate of 7%. The company is expected to announce its next earnings results after the market closes on Monday, July 15th.

On average, analysts expect that J B Hunt Transport Services will report full-year sales of $9.24 billion for the current year, with estimates ranging from $9.06 billion to $9.42 billion. For the next fiscal year, analysts expect that the firm will post sales of $9.90 billion, with estimates ranging from $9.59 billion to $10.14 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow J B Hunt Transport Services.

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

A number of brokerages have weighed in on JBHT. BMO Capital Markets reiterated a “buy” rating and set a $50.00 price target on shares of Fortis in a research report on Tuesday, April 16th. Cowen restated a “market perform” rating and issued a $112.00 price objective (down previously from $122.00) on shares of J B Hunt Transport Services in a report on Tuesday, April 16th. ValuEngine cut shares of Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Buckingham Research dropped their price objective on shares of Werner Enterprises from $43.00 to $42.00 and set a “buy” rating for the company in a report on Tuesday, April 2nd. Finally, Bank of America cut shares of NIO from a “neutral” rating to an “underperform” rating and dropped their price objective for the company from $6.20 to $3.00 in a report on Tuesday, May 28th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. J B Hunt Transport Services presently has a consensus rating of “Hold” and an average price target of $110.10.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. raised its position in J B Hunt Transport Services by 269.8% in the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 12,111 shares of the transportation company’s stock valued at $1,107,000 after purchasing an additional 8,836 shares during the last quarter. DNB Asset Management AS raised its position in J B Hunt Transport Services by 20.5% in the 2nd quarter. DNB Asset Management AS now owns 14,794 shares of the transportation company’s stock valued at $1,352,000 after purchasing an additional 2,514 shares during the last quarter. Private Trust Co. NA raised its position in J B Hunt Transport Services by 5.3% in the 2nd quarter. Private Trust Co. NA now owns 6,148 shares of the transportation company’s stock valued at $561,000 after purchasing an additional 309 shares during the last quarter. First Trust Advisors LP raised its position in J B Hunt Transport Services by 11.3% in the 1st quarter. First Trust Advisors LP now owns 116,458 shares of the transportation company’s stock valued at $11,796,000 after purchasing an additional 11,812 shares during the last quarter. Finally, FMR LLC raised its position 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 purchasing an additional 1,529,785 shares during the last quarter. Institutional investors own 72.94% of the company’s stock.

Shares of JBHT traded down $0.25 during trading on Thursday, reaching $87.38. 87,109 shares of the company traded hands, compared to its average volume of 1,069,268. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $129.98. The firm has a market cap of $9.66 billion, a PE ratio of 15.41, a PEG ratio of 1.07 and a beta of 1.11. The business’s 50-day moving average is $89.05. 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 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).

See Also: Dead Cat Bounce

Get a free copy of the Zacks research report on J B Hunt Transport Services (JBHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.