KeyCorp Analysts Lower Earnings Estimates for J.B. Hunt Transport Services, Inc. (JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Investment analysts at KeyCorp dropped their Q4 2017 earnings per share estimates for shares of J.B. Hunt Transport Services in a research report issued to clients and investors on Sunday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $1.04 for the quarter, down from their previous forecast of $1.08. KeyCorp currently has a “Buy” rating and a $115.00 target price on the stock. KeyCorp also issued estimates for J.B. Hunt Transport Services’ FY2018 earnings at $4.40 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.05). The business had revenue of $1.84 billion for the quarter, compared to the consensus estimate of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.97 earnings per share.

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A number of other research firms have also recently issued reports on JBHT. Zacks Investment Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and set a $115.00 price objective on the stock in a research report on Tuesday, September 19th. Cowen and Company reissued a “buy” rating and set a $102.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, August 25th. Loop Capital reissued a “buy” rating and set a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a research report on Saturday, July 22nd. Stifel Nicolaus reissued a “hold” rating and set a $88.00 price objective on shares of J.B. Hunt Transport Services in a research report on Friday, June 23rd. Finally, BidaskClub raised shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 28th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $107.81.

J.B. Hunt Transport Services (NASDAQ JBHT) traded up 0.21% on Wednesday, reaching $104.67. The company’s stock had a trading volume of 161,591 shares. The stock’s 50 day moving average price is $104.10 and its 200 day moving average price is $93.84. J.B. Hunt Transport Services has a 12 month low of $76.20 and a 12 month high of $111.98. The company has a market cap of $11.49 billion, a P/E ratio of 27.90 and a beta of 0.97.

A number of large investors have recently bought and sold shares of JBHT. Sustainable Growth Advisers LP purchased a new stake in J.B. Hunt Transport Services in the 2nd quarter valued at about $147,610,000. Bank of New York Mellon Corp increased its stake in J.B. Hunt Transport Services by 25.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after buying an additional 531,089 shares during the last quarter. Atlanta Capital Management Co. L L C increased its stake in J.B. Hunt Transport Services by 15.4% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after buying an additional 477,144 shares during the last quarter. Morgan Stanley increased its stake in J.B. Hunt Transport Services by 228.3% in the 1st quarter. Morgan Stanley now owns 618,315 shares of the transportation company’s stock valued at $56,724,000 after buying an additional 430,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in J.B. Hunt Transport Services by 65.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock valued at $94,537,000 after buying an additional 409,200 shares during the last quarter. Hedge funds and other institutional investors own 71.49% of the company’s stock.

In other J.B. Hunt Transport Services news, EVP Nicholas Hobbs sold 4,000 shares of the stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $93.55, for a total value of $374,200.00. Following the completion of the sale, the executive vice president now owns 51,232 shares in the company, valued at approximately $4,792,753.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO David G. Mee sold 10,767 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total transaction of $982,919.43. Following the completion of the sale, the chief financial officer now owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,044,369 shares of company stock worth $102,286,201. 4.30% of the stock is owned by insiders.

About J.B. Hunt Transport Services

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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