J.B. Hunt Transport Services, Inc. (JBHT) To Go Ex-Dividend on November 6th

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.45 per share by the transportation company on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date is Friday, November 6th.

J.B. Hunt Transport Services has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 22 years. J.B. Hunt Transport Services has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect J.B. Hunt Transport Services to earn $9.68 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.6%.

J.B. Hunt Transport Services Stock Up 0.9%

J.B. Hunt Transport Services stock opened at $230.59 on Friday. The firm has a market cap of $21.66 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. J.B. Hunt Transport Services has a 52 week low of $157.82 and a 52 week high of $299.76. The business’s 50-day moving average price is $248.09 and its 200 day moving average price is $259.82. The company has a quick ratio of 1.26, a current ratio of 1.23 and a debt-to-equity ratio of 0.31.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, October 15th. The transportation company reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.81 by $0.01. J.B. Hunt Transport Services had a return on equity of 18.72% and a net margin of 5.07%. The company had revenue of $3.68 billion during the quarter, compared to analysts’ expectations of $3.59 billion. During the same period last year, the business earned $1.76 earnings per share. J.B. Hunt Transport Services’s quarterly revenue was up 20.4% on a year-over-year basis. As a group, sell-side analysts anticipate that J.B. Hunt Transport Services will post 7.23 earnings per share for the current year.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.