J. B. Hunt (NASDAQ:JBHT) issued its quarterly earnings data on Monday. The transportation company reported $1.07 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.07, Briefing.com reports. The business had revenue of $1.95 billion for the quarter, compared to analyst estimates of $1.88 billion. J. B. Hunt had a return on equity of 27.32% and a net margin of 9.55%. J. B. Hunt’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.92 EPS.
NASDAQ JBHT opened at $119.75 on Tuesday. J. B. Hunt has a 12 month low of $83.35 and a 12 month high of $126.49. The stock has a market capitalization of $12,377.01, a price-to-earnings ratio of 32.02, a P/E/G ratio of 1.69 and a beta of 0.93. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45.
A number of equities research analysts recently weighed in on the company. BidaskClub upgraded J. B. Hunt from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded J. B. Hunt from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research report on Tuesday, January 23rd. Cowen restated a “market perform” rating and set a $124.00 price objective (down previously from $127.00) on shares of J. B. Hunt in a research report on Monday, January 29th. Stephens restated a “buy” rating and set a $140.00 price objective on shares of J. B. Hunt in a research report on Friday, January 19th. Finally, Loop Capital restated a “buy” rating and set a $145.00 price objective on shares of J. B. Hunt in a research report on Friday, January 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and ten have issued a buy rating to the stock. J. B. Hunt currently has an average rating of “Hold” and a consensus target price of $122.40.
In other J. B. Hunt news, Director Earl Wayne Garrison sold 21,344 shares of the company’s stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the company’s stock in a transaction dated Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now owns 70,697 shares in the company, valued at approximately $8,554,337. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
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J. B. Hunt 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.
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