Wall Street brokerages predict that J B Hunt Transport Services Inc (NASDAQ:JBHT) will post $2.47 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for J B Hunt Transport Services’ earnings. The lowest sales estimate is $2.40 billion and the highest is $2.57 billion. J B Hunt Transport Services posted sales of $2.32 billion in the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The company is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 20th.
According to Zacks, analysts expect that J B Hunt Transport Services will report full-year sales of $9.19 billion for the current financial year, with estimates ranging from $9.12 billion to $9.28 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $9.76 billion, with estimates ranging from $9.64 billion to $9.91 billion. Zacks’ sales averages are an average based on a survey of analysts that follow J B Hunt Transport Services.
J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $1.40 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.45 by ($0.05). J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.45%. The company had revenue of $2.36 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the prior year, the firm earned $1.47 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis.
JBHT has been the topic of several recent analyst reports. Susquehanna Bancshares cut shares of J B Hunt Transport Services from a “positive” rating to a “neutral” rating and cut their price target for the company from $124.00 to $119.00 in a report on Tuesday, October 8th. Credit Suisse Group restated a “neutral” rating and set a $106.00 price objective (up from $101.00) on shares of J B Hunt Transport Services in a research note on Wednesday, October 16th. Loop Capital cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. They noted that the move was a valuation call. ValuEngine downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Finally, Goldman Sachs Group cut J B Hunt Transport Services from a “buy” rating to a “neutral” rating and set a $115.00 price target for the company. in a research note on Friday, November 1st. Three equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $110.29.
Shares of NASDAQ JBHT traded up $0.55 during trading on Wednesday, reaching $113.00. 823,195 shares of the stock were exchanged, compared to its average volume of 608,199. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $122.29. The company has a market capitalization of $11.87 billion, a price-to-earnings ratio of 19.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.12. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $116.44 and its 200 day moving average price is $104.68.
The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Thursday, November 7th. J B Hunt Transport Services’s payout ratio is 18.34%.
In related news, EVP Nicholas Hobbs sold 3,310 shares of J B Hunt Transport Services stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $120.29, for a total transaction of $398,159.90. Following the completion of the sale, the executive vice president now owns 58,209 shares of the company’s stock, valued at approximately $7,001,960.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Earl Wayne Garrison sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 5th. The stock was sold at an average price of $120.22, for a total value of $12,022,000.00. Following the sale, the director now owns 1,583,354 shares of the company’s stock, valued at approximately $190,350,817.88. The disclosure for this sale can be found here. Insiders sold 129,975 shares of company stock worth $15,530,972 over the last quarter. 3.60% of the stock is owned by corporate insiders.
A number of large investors have recently added to or reduced their stakes in JBHT. FTB Advisors Inc. grew its stake in shares of J B Hunt Transport Services by 49.2% in the second quarter. FTB Advisors Inc. now owns 373 shares of the transportation company’s stock valued at $34,000 after acquiring an additional 123 shares in the last quarter. Cullen Frost Bankers Inc. bought a new position in J B Hunt Transport Services during the 2nd quarter worth approximately $46,000. CWM LLC lifted its position in shares of J B Hunt Transport Services by 122.0% in the 2nd quarter. CWM LLC now owns 637 shares of the transportation company’s stock worth $58,000 after purchasing an additional 350 shares during the period. CSat Investment Advisory L.P. boosted its stake in shares of J B Hunt Transport Services by 99.1% in the 2nd quarter. CSat Investment Advisory L.P. now owns 639 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 318 shares during the last quarter. Finally, North Star Investment Management Corp. acquired a new stake in J B Hunt Transport Services during the 3rd quarter worth about $111,000. 75.38% of the stock is owned by institutional investors and hedge funds.
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).
See Also: Strike Price
Get a free copy of the Zacks research report on J B Hunt Transport Services (JBHT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.