Zacks: Brokerages Expect J. B. Hunt (JBHT) to Announce $1.09 Earnings Per Share

Wall Street analysts expect J. B. Hunt (NASDAQ:JBHT) to report $1.09 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for J. B. Hunt’s earnings. The highest EPS estimate is $1.18 and the lowest is $1.00. J. B. Hunt posted earnings per share of $0.92 in the same quarter last year, which indicates a positive year-over-year growth rate of 18.5%. The business is expected to report its next quarterly earnings report on Monday, April 16th.

On average, analysts expect that J. B. Hunt will report full year earnings of $5.27 per share for the current financial year, with EPS estimates ranging from $5.00 to $5.65. For the next financial year, analysts forecast that the business will report earnings of $6.19 per share, with EPS estimates ranging from $5.96 to $6.75. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover J. B. Hunt.

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J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings data on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.07. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. J. B. Hunt had a net margin of 9.55% and a return on equity of 27.32%. J. B. Hunt’s quarterly revenue was up 19.6% on a year-over-year basis. During the same quarter last year, the company posted $0.92 earnings per share.

Several brokerages have recently issued reports on JBHT. BidaskClub upgraded shares of J. B. Hunt from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 24th. Zacks Investment Research upgraded shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $138.00 price objective on the stock in a research note on Tuesday, January 23rd. Cowen restated a “market perform” rating and issued a $124.00 price objective (down previously from $127.00) on shares of J. B. Hunt in a research note on Monday, January 29th. Stephens restated a “buy” rating and issued a $140.00 price objective on shares of J. B. Hunt in a research note on Friday, January 19th. Finally, Loop Capital restated a “buy” rating and issued a $145.00 price objective on shares of J. B. Hunt in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $122.40.

In other news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the sale, the director now owns 70,697 shares in the company, valued at approximately $8,554,337. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total transaction of $2,684,861.76. The disclosure for this sale can be found here. 4.20% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the company. BlackRock Inc. boosted its stake in shares of J. B. Hunt by 1.5% in the 4th quarter. BlackRock Inc. now owns 6,090,548 shares of the transportation company’s stock valued at $700,293,000 after purchasing an additional 92,004 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of J. B. Hunt by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,043,510 shares of the transportation company’s stock valued at $119,760,000 after purchasing an additional 30,100 shares in the last quarter. Franklin Resources Inc. boosted its stake in shares of J. B. Hunt by 13.0% in the 4th quarter. Franklin Resources Inc. now owns 828,349 shares of the transportation company’s stock valued at $95,244,000 after purchasing an additional 95,505 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of J. B. Hunt by 61.6% in the 4th quarter. TIAA CREF Investment Management LLC now owns 817,711 shares of the transportation company’s stock valued at $94,020,000 after purchasing an additional 311,590 shares in the last quarter. Finally, Congress Asset Management Co. MA boosted its stake in shares of J. B. Hunt by 2.8% in the 4th quarter. Congress Asset Management Co. MA now owns 790,953 shares of the transportation company’s stock valued at $90,944,000 after purchasing an additional 21,502 shares in the last quarter. Institutional investors own 72.25% of the company’s stock.

Shares of J. B. Hunt stock opened at $119.75 on Friday. The firm has a market capitalization of $12,377.01, a PE ratio of 30.07, 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. J. B. Hunt has a 1 year low of $83.35 and a 1 year high of $126.49.

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About J. B. Hunt

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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