Wall Street brokerages expect J. B. Hunt (NASDAQ:JBHT) to report earnings of $1.27 per share for the current quarter, Zacks reports. Seven analysts have issued estimates for J. B. Hunt’s earnings, with the highest EPS estimate coming in at $1.33 and the lowest estimate coming in at $1.20. J. B. Hunt reported earnings of $0.88 per share in the same quarter last year, which indicates a positive year over year growth rate of 44.3%. The company is expected to announce its next quarterly earnings report on Monday, July 16th.
According to Zacks, analysts expect that J. B. Hunt will report full year earnings of $5.29 per share for the current fiscal year, with EPS estimates ranging from $5.02 to $5.60. For the next year, analysts forecast that the company will post earnings of $6.29 per share, with EPS estimates ranging from $5.97 to $6.60. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover J. B. Hunt.
J. B. Hunt (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 16th. The transportation company reported $1.07 EPS for the quarter, hitting analysts’ consensus estimates of $1.07. J. B. Hunt had a return on equity of 25.90% and a net margin of 9.35%. The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the company posted $0.92 earnings per share. The firm’s revenue was up 19.6% on a year-over-year basis.
Several equities analysts have commented on the company. BidaskClub upgraded J. B. Hunt from a “hold” rating to a “buy” rating in a report on Friday, May 11th. ValuEngine upgraded J. B. Hunt from a “hold” rating to a “buy” rating in a report on Wednesday, May 2nd. Bank of America increased their price objective on J. B. Hunt from $134.00 to $135.00 and gave the company a “buy” rating in a research report on Tuesday, April 17th. Stifel Nicolaus assumed coverage on J. B. Hunt in a research report on Friday, April 6th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, BMO Capital Markets raised their target price on J. B. Hunt from $125.00 to $127.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 17th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $124.50.
In other news, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $120.54, for a total value of $12,054,000.00. Following the completion of the sale, the director now directly owns 1,870,000 shares in the company, valued at $225,409,800. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’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 completion of the sale, the director now owns 70,697 shares of the company’s stock, valued at $8,554,337. The disclosure for this sale can be found here. Over the last three months, insiders have sold 204,128 shares of company stock valued at $25,176,645. Company insiders own 4.20% of the company’s stock.
Large investors have recently made changes to their positions in the company. Assetmark Inc. increased its stake in shares of J. B. Hunt by 422.9% in the fourth quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock valued at $181,000 after buying an additional 1,273 shares in the last quarter. Advisory Services Network LLC increased its stake in shares of J. B. Hunt by 2,190.7% in the fourth quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock valued at $255,000 after buying an additional 2,125 shares in the last quarter. Driehaus Capital Management LLC acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at $276,000. Tower Research Capital LLC TRC increased its stake in shares of J. B. Hunt by 312.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock valued at $317,000 after buying an additional 2,089 shares in the last quarter. Finally, OLD Mission Capital LLC acquired a new stake in shares of J. B. Hunt in the fourth quarter valued at $347,000. Institutional investors own 74.78% of the company’s stock.
J. B. Hunt traded down $1.42, hitting $123.23, during midday trading on Friday, Marketbeat reports. 28,873 shares of the company traded hands, compared to its average volume of 855,344. J. B. Hunt has a twelve month low of $84.08 and a twelve month high of $129.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.39. The company has a market cap of $14.06 billion, a PE ratio of 33.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.94.
The business also recently disclosed a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Friday, May 4th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, May 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. J. B. Hunt’s payout ratio is presently 25.67%.
About J. B. Hunt
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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