J.B. Hunt Transport Services (NASDAQ:JBHT) Posts Earnings Results, Beats Expectations By $0.07 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) posted its quarterly earnings data on Tuesday. The transportation company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07, RTT News reports. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a net margin of 4.90% and a return on equity of 14.77%. During the same period in the prior year, the firm posted $1.80 EPS.

J.B. Hunt Transport Services Price Performance

JBHT traded down $6.67 during trading on Thursday, reaching $173.48. The stock had a trading volume of 1,451,524 shares, compared to its average volume of 855,678. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market capitalization of $17.90 billion, a price-to-earnings ratio of 28.60, a price-to-earnings-growth ratio of 2.84 and a beta of 1.15. The stock has a 50 day moving average of $170.28 and a two-hundred day moving average of $167.78. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.36.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research reports. Bank of America lifted their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday. The Goldman Sachs Group reduced their price target on shares of J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research report on Wednesday, October 9th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday. Barclays increased their price objective on shares of J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their target price on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.56.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total value of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Persio V. Lisboa purchased 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were purchased at an average price of $163.47 per share, with a total value of $98,082.00. Following the purchase, the director now owns 3,594 shares of the company’s stock, valued at $587,511.18. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the transaction, the executive vice president now owns 14,150 shares of the company’s stock, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.