Equities analysts expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to report $2.47 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for J.B. Hunt Transport Services’ earnings. The highest sales estimate is $2.58 billion and the lowest is $2.36 billion. J.B. Hunt Transport Services posted sales of $2.28 billion in the same quarter last year, which suggests a positive year over year growth rate of 8.3%. The business is scheduled to issue its next quarterly earnings report on Tuesday, April 13th.
According to Zacks, analysts expect that J.B. Hunt Transport Services will report full year sales of $10.81 billion for the current fiscal year, with estimates ranging from $10.55 billion to $11.17 billion. For the next fiscal year, analysts expect that the business will report sales of $11.63 billion, with estimates ranging from $11.19 billion to $11.95 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 released its quarterly earnings data on Monday, January 18th. The transportation company reported $1.44 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.14. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The firm had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.57 billion. During the same period in the previous year, the business posted $1.35 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.
In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 1,500 shares of the stock in a transaction that occurred on Monday, February 22nd. The shares were sold at an average price of $146.79, for a total transaction of $220,185.00. Following the completion of the sale, the executive vice president now owns 952 shares of the company’s stock, valued at approximately $139,744.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.51% of the company’s stock.
Several institutional investors have recently bought and sold shares of JBHT. Janus Henderson Group PLC boosted its holdings in shares of J.B. Hunt Transport Services by 3,194.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,074,806 shares of the transportation company’s stock worth $283,523,000 after buying an additional 2,011,819 shares in the last quarter. Ceredex Value Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth $115,185,000. Wells Fargo & Company MN lifted its holdings in shares of J.B. Hunt Transport Services by 317.6% in the 3rd quarter. Wells Fargo & Company MN now owns 768,607 shares of the transportation company’s stock worth $97,137,000 after purchasing an additional 584,568 shares in the last quarter. Hexagon Capital Partners LLC purchased a new stake in J.B. Hunt Transport Services in the 3rd quarter valued at $67,487,000. Finally, Durable Capital Partners LP increased its position in shares of J.B. Hunt Transport Services by 45.3% during the 3rd quarter. Durable Capital Partners LP now owns 1,431,787 shares of the transportation company’s stock valued at $180,949,000 after purchasing an additional 446,658 shares during the last quarter. Hedge funds and other institutional investors own 69.25% of the company’s stock.
JBHT stock traded down $1.01 during midday trading on Thursday, reaching $144.54. 15,270 shares of the company were exchanged, compared to its average volume of 718,157. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. The business has a 50-day moving average price of $145.42 and a two-hundred day moving average price of $136.76. J.B. Hunt Transport Services has a one year low of $75.29 and a one year high of $156.74. The firm has a market capitalization of $15.27 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 1.66 and a beta of 1.00.
The company also recently announced a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Friday, February 5th were given a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend was Thursday, February 4th. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.27. J.B. Hunt Transport Services’s dividend payout ratio is currently 22.90%.
About J.B. Hunt Transport Services
J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.
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