Analysts Expect J B Hunt Transport Services Inc (NASDAQ:JBHT) Will Announce Quarterly Sales of $2.31 Billion

Equities research analysts expect that J B Hunt Transport Services Inc (NASDAQ:JBHT) will announce sales of $2.31 billion for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for J B Hunt Transport Services’ earnings, with estimates ranging from $2.28 billion to $2.37 billion. J B Hunt Transport Services reported sales of $2.14 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.9%. The firm is expected to report its next quarterly earnings results on Monday, July 15th.

On average, analysts expect that J B Hunt Transport Services will report full year sales of $9.30 billion for the current fiscal year, with estimates ranging from $9.18 billion to $9.42 billion. For the next fiscal year, analysts anticipate that the business will post sales of $9.99 billion, with estimates ranging from $9.59 billion to $10.18 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16). The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.17 billion. J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The business’s revenue was up 7.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.07 earnings per share.

JBHT has been the subject of several research reports. BidaskClub raised shares of J B Hunt Transport Services from a “strong sell” rating to a “sell” rating in a research report on Friday, March 29th. Argus lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Loop Capital cut their price target on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. Stifel Nicolaus cut their price target on shares of J B Hunt Transport Services from $115.00 to $107.00 and set a “hold” rating on the stock in a research note on Tuesday, April 16th. Finally, Cowen restated a “market perform” rating and set a $112.00 price target (down previously from $122.00) on shares of J B Hunt Transport Services in a research note on Tuesday, April 16th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. J B Hunt Transport Services presently has an average rating of “Hold” and an average price target of $114.39.

NASDAQ JBHT traded up $0.21 on Tuesday, reaching $90.27. The company had a trading volume of 44,641 shares, compared to its average volume of 1,094,897. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $9.79 billion, a P/E ratio of 16.01, a P/E/G ratio of 1.04 and a beta of 1.10. J B Hunt Transport Services has a 12 month low of $83.64 and a 12 month high of $130.85.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 17th. Stockholders of record on Friday, May 3rd were paid a $0.26 dividend. The ex-dividend date of this dividend was Thursday, May 2nd. This represents a $1.04 dividend on an annualized basis and a dividend yield of 1.15%. J B Hunt Transport Services’s payout ratio is currently 18.34%.

In other J B Hunt Transport Services news, Director Gary Charles George acquired 5,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were purchased at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John N. Roberts acquired 2,319 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the purchase, the insider now directly owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. Vanguard Group Inc increased its position in J B Hunt Transport Services by 1.0% during the third quarter. Vanguard Group Inc now owns 9,796,569 shares of the transportation company’s stock worth $1,165,205,000 after purchasing an additional 94,410 shares during the last quarter. BlackRock Inc. increased its position in shares of J B Hunt Transport Services by 1.3% during the fourth quarter. BlackRock Inc. now owns 6,194,877 shares of the transportation company’s stock valued at $576,369,000 after acquiring an additional 81,584 shares during the last quarter. FMR LLC increased its position in shares of J B Hunt Transport Services by 60.7% during the first quarter. FMR LLC now owns 4,049,886 shares of the transportation company’s stock valued at $410,212,000 after acquiring an additional 1,529,785 shares during the last quarter. Wellington Management Group LLP increased its position in shares of J B Hunt Transport Services by 2.2% during the first quarter. Wellington Management Group LLP now owns 1,553,379 shares of the transportation company’s stock valued at $157,341,000 after acquiring an additional 33,226 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of J B Hunt Transport Services by 6.4% during the fourth quarter. Geode Capital Management LLC now owns 1,239,550 shares of the transportation company’s stock valued at $115,143,000 after acquiring an additional 74,521 shares during the last quarter. 73.01% of the stock is currently owned by hedge funds and other institutional investors.

J B Hunt Transport Services Company Profile

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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