Analysts Expect J B Hunt Transport Services Inc (JBHT) Will Announce Earnings of $1.09 Per Share

Equities research analysts expect J B Hunt Transport Services Inc (NASDAQ:JBHT) to report $1.09 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for J B Hunt Transport Services’ earnings. The lowest EPS estimate is $1.00 and the highest is $1.18. J B Hunt Transport Services posted earnings of $0.92 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 18.5%. The firm is scheduled to report its next earnings report on Monday, April 16th.

On average, analysts expect that J B Hunt Transport Services will report full-year earnings of $5.27 per share for the current financial year, with EPS estimates ranging from $4.97 to $5.65. For the next year, analysts expect that the business will report earnings of $6.16 per share, with EPS estimates ranging from $5.76 to $6.75. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for J B Hunt Transport Services.

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J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.03 by $2.45. J B Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The company had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period in the prior year, the company earned $1.05 EPS. J B Hunt Transport Services’s revenue was up 15.6% compared to the same quarter last year.

A number of brokerages have recently commented on JBHT. Credit Suisse Group increased their price target on J B Hunt Transport Services from $129.00 to $131.00 and gave the company an “outperform” rating in a research note on Tuesday, January 30th. Cowen reiterated a “hold” rating and issued a $127.00 price target on shares of J B Hunt Transport Services in a research note on Friday, January 19th. BidaskClub cut J B Hunt Transport Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, January 31st. Bank of America reiterated a “buy” rating and issued a $128.00 price target (up from $117.00) on shares of J B Hunt Transport Services in a research note on Thursday, December 28th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $120.00 price target on shares of J B Hunt Transport Services in a research note on Friday, December 29th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $118.89.

In related news, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $281,688.00. Following the completion of the transaction, the director now directly owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Earl Wayne Garrison sold 21,344 shares of the firm’s stock in a transaction on Wednesday, January 24th. The stock was sold at an average price of $125.79, for a total value of $2,684,861.76. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of JBHT. Raymond James Financial Services Advisors Inc. grew its holdings in J B Hunt Transport Services by 54.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 9,494 shares of the transportation company’s stock worth $1,055,000 after acquiring an additional 3,366 shares during the period. Daiwa Securities Group Inc. grew its holdings in J B Hunt Transport Services by 400.7% during the 3rd quarter. Daiwa Securities Group Inc. now owns 13,017 shares of the transportation company’s stock worth $1,446,000 after acquiring an additional 10,417 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in J B Hunt Transport Services by 5.8% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 22,456 shares of the transportation company’s stock worth $2,494,000 after acquiring an additional 1,226 shares during the period. Hennessy Advisors Inc. grew its holdings in J B Hunt Transport Services by 4.0% during the 3rd quarter. Hennessy Advisors Inc. now owns 20,600 shares of the transportation company’s stock worth $2,288,000 after acquiring an additional 800 shares during the period. Finally, Jennison Associates LLC grew its holdings in J B Hunt Transport Services by 14.2% during the 3rd quarter. Jennison Associates LLC now owns 736,346 shares of the transportation company’s stock worth $81,793,000 after acquiring an additional 91,538 shares during the period. Hedge funds and other institutional investors own 71.60% of the company’s stock.

J B Hunt Transport Services (NASDAQ JBHT) opened at $121.80 on Friday. J B Hunt Transport Services has a 12 month low of $83.35 and a 12 month high of $126.49. The company has a market capitalization of $13,368.04, a price-to-earnings ratio of 19.68, a PEG ratio of 1.82 and a beta of 0.96. The company has a quick ratio of 1.43, a current ratio of 1.45 and a debt-to-equity ratio of 0.59.

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a dividend of $0.24 per share. This is a positive change from J B Hunt Transport Services’s previous quarterly dividend of $0.23. This represents a $0.96 annualized dividend and a yield of 0.79%. The ex-dividend date was Thursday, February 8th. J B Hunt Transport Services’s dividend payout ratio (DPR) is currently 15.51%.

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About J B Hunt Transport Services

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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