FY2017 Earnings Forecast for J.B. Hunt Transport Services, Inc. Issued By KeyCorp (JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Investment analysts at KeyCorp lowered their FY2017 EPS estimates for J.B. Hunt Transport Services in a research note issued on Sunday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $3.75 per share for the year, down from their previous forecast of $3.85. KeyCorp has a “Buy” rating and a $115.00 price target on the stock.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.05). The business had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. J.B. Hunt Transport Services’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.97 EPS. WARNING: This story was originally posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and republished in violation of U.S. & international trademark & copyright laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/fy2017-earnings-forecast-for-j-b-hunt-transport-services-inc-issued-by-keycorp-jbht.html.

Other equities analysts also recently issued research reports about the company. Loop Capital restated a “buy” rating and issued a $103.00 target price (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Bank of America Corporation restated a “buy” rating and issued a $109.00 target price (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Cowen and Company restated a “buy” rating and issued a $102.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 target price on the stock in a research note on Tuesday, September 19th. Finally, Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and boosted their target price for the stock from $91.00 to $125.00 in a research note on Friday, September 29th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $107.81.

J.B. Hunt Transport Services (JBHT) traded up 0.05% during mid-day trading on Tuesday, reaching $104.50. The company’s stock had a trading volume of 124,270 shares. The firm has a 50 day moving average price of $104.10 and a 200 day moving average price of $93.84. J.B. Hunt Transport Services has a 52-week low of $76.20 and a 52-week high of $111.98. The company has a market cap of $11.47 billion, a price-to-earnings ratio of 27.85 and a beta of 0.97.

A number of hedge funds have recently modified their holdings of JBHT. YorkBridge Wealth Partners LLC raised its holdings in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock valued at $102,000 after acquiring an additional 68 shares during the period. Bronfman E.L. Rothschild L.P. increased its holdings in shares of J.B. Hunt Transport Services by 3.3% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock worth $122,000 after purchasing an additional 43 shares during the period. Farmers & Merchants Investments Inc. increased its holdings in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after purchasing an additional 20 shares during the period. Paradigm Asset Management Co. LLC increased its holdings in shares of J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after purchasing an additional 50 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth $173,000. 71.49% of the stock is currently owned by institutional investors and hedge funds.

In other J.B. Hunt Transport Services news, EVP Nicholas Hobbs sold 4,000 shares of the business’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $93.55, for a total transaction of $374,200.00. Following the sale, the executive vice president now owns 51,232 shares of the company’s stock, valued at approximately $4,792,753.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Terrence D. Matthews sold 2,694 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $101.00, for a total transaction of $272,094.00. Following the sale, the executive vice president now directly owns 21,140 shares in the company, valued at approximately $2,135,140. The disclosure for this sale can be found here. Insiders have sold a total of 1,044,369 shares of company stock worth $102,286,201 in the last three months. Insiders own 4.30% of the company’s stock.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

Earnings History and Estimates for J.B. Hunt Transport Services (NASDAQ:JBHT)

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