J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Expected to Announce Earnings of $2.22 Per Share

Wall Street analysts predict that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) will report earnings of $2.22 per share for the current quarter, according to Zacks. Eight analysts have made estimates for J.B. Hunt Transport Services’ earnings. The highest EPS estimate is $2.50 and the lowest is $2.04. J.B. Hunt Transport Services posted earnings per share of $1.61 in the same quarter last year, which indicates a positive year-over-year growth rate of 37.9%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that J.B. Hunt Transport Services will report full-year earnings of $9.11 per share for the current fiscal year, with EPS estimates ranging from $8.40 to $9.96. For the next fiscal year, analysts expect that the company will report earnings of $9.74 per share, with EPS estimates ranging from $8.34 to $10.79. Zacks’ earnings per share averages are a mean average based on a survey of analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last issued its earnings results on Monday, April 18th. The transportation company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $1.91 by $0.38. J.B. Hunt Transport Services had a return on equity of 28.36% and a net margin of 6.58%. The firm had revenue of $3.49 billion for the quarter, compared to the consensus estimate of $3.32 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The company’s revenue was up 33.2% compared to the same quarter last year.

A number of analysts have recently commented on the company. Wolfe Research lowered their target price on J.B. Hunt Transport Services from $242.00 to $220.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 5th. The Goldman Sachs Group upgraded J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their target price for the stock from $209.00 to $231.00 in a research note on Wednesday, March 9th. Barclays upgraded J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $220.00 to $235.00 in a research report on Wednesday, January 26th. BMO Capital Markets lowered their price target on J.B. Hunt Transport Services from $210.00 to $190.00 and set a “market perform” rating on the stock in a research report on Tuesday, April 19th. Finally, Vertical Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Wednesday, March 2nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Buy” and a consensus price target of $212.56.

Shares of JBHT traded up $3.81 during mid-day trading on Friday, reaching $176.44. The company had a trading volume of 906,632 shares, compared to its average volume of 930,805. J.B. Hunt Transport Services has a 52-week low of $155.11 and a 52-week high of $218.18. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $18.49 billion, a P/E ratio of 21.89, a PEG ratio of 1.25 and a beta of 1.08. The stock has a 50 day moving average of $185.90 and a two-hundred day moving average of $192.84.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be issued a $0.40 dividend. The ex-dividend date is Thursday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. J.B. Hunt Transport Services’s dividend payout ratio is presently 19.85%.

In related news, EVP Bradley W. Hicks sold 800 shares of the stock in a transaction that occurred on Monday, March 7th. The stock was sold at an average price of $204.94, for a total value of $163,952.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 3.10% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. increased its holdings in shares of J.B. Hunt Transport Services by 1.6% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 112,972 shares of the transportation company’s stock valued at $23,093,000 after purchasing an additional 1,823 shares during the last quarter. CIBC Asset Management Inc increased its stake in J.B. Hunt Transport Services by 1.3% during the fourth quarter. CIBC Asset Management Inc now owns 25,160 shares of the transportation company’s stock worth $5,143,000 after acquiring an additional 335 shares during the last quarter. BNP Paribas Arbitrage SA increased its stake in J.B. Hunt Transport Services by 53.5% during the fourth quarter. BNP Paribas Arbitrage SA now owns 34,497 shares of the transportation company’s stock worth $7,051,000 after acquiring an additional 12,023 shares during the last quarter. Hartford Investment Management Co. increased its stake in J.B. Hunt Transport Services by 8.0% during the fourth quarter. Hartford Investment Management Co. now owns 8,557 shares of the transportation company’s stock worth $1,749,000 after acquiring an additional 632 shares during the last quarter. Finally, National Asset Management Inc. acquired a new stake in J.B. Hunt Transport Services during the fourth quarter worth $295,000. 72.95% of the stock is owned by hedge funds and other institutional investors.

About J.B. Hunt Transport Services (Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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