$1.58 EPS Expected for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) This Quarter


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Brokerages expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to post $1.58 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for J.B. Hunt Transport Services’ earnings. The lowest EPS estimate is $1.51 and the highest is $1.66. J.B. Hunt Transport Services reported earnings of $1.14 per share in the same quarter last year, which would suggest a positive year over year growth rate of 38.6%. The business is scheduled to announce its next earnings results on Thursday, July 15th.

On average, analysts expect that J.B. Hunt Transport Services will report full-year earnings of $6.47 per share for the current fiscal year, with EPS estimates ranging from $6.04 to $6.98. For the next fiscal year, analysts expect that the company will report earnings of $7.46 per share, with EPS estimates ranging from $7.00 to $7.92. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Wednesday, April 14th. The transportation company reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.14. The business had revenue of $2.62 billion for the quarter, compared to analysts’ expectations of $2.51 billion. J.B. Hunt Transport Services had a return on equity of 21.07% and a net margin of 5.31%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 EPS.

JBHT has been the topic of a number of research analyst reports. Credit Suisse Group boosted their target price on J.B. Hunt Transport Services from $188.00 to $198.00 and gave the company an “outperform” rating in a research report on Thursday, April 22nd. Smith Barney Citigroup raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and increased their target price for the company from $150.00 to $165.00 in a report on Wednesday, January 6th. Argus upped their price objective on shares of J.B. Hunt Transport Services from $165.00 to $185.00 and gave the company a “buy” rating in a research note on Wednesday, April 21st. BMO Capital Markets upped their price objective on shares of J.B. Hunt Transport Services from $149.00 to $160.00 and gave the company a “market perform” rating in a research note on Wednesday, April 21st. Finally, Stephens increased their target price on shares of J.B. Hunt Transport Services from $155.00 to $167.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 5th. Eleven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $159.19.

In related news, Director Earl Wayne Garrison sold 50,000 shares of J.B. Hunt Transport Services stock in a transaction on Monday, March 8th. The shares were sold at an average price of $159.91, for a total transaction of $7,995,500.00. Following the sale, the director now owns 1,291,603 shares of the company’s stock, valued at approximately $206,540,235.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Monday, February 22nd. The stock was sold at an average price of $146.79, for a total transaction of $220,185.00. Following the sale, the executive vice president now directly owns 952 shares in the company, valued at approximately $139,744.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,433 shares of company stock worth $10,851,237. 3.51% of the stock is owned by company insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Toews Corp ADV purchased a new stake in J.B. Hunt Transport Services during the 1st quarter worth $958,000. Envestnet Asset Management Inc. increased its position in shares of J.B. Hunt Transport Services by 7.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 53,582 shares of the transportation company’s stock worth $9,006,000 after purchasing an additional 3,860 shares during the last quarter. Great Diamond Partners LLC increased its position in shares of J.B. Hunt Transport Services by 4.9% in the 1st quarter. Great Diamond Partners LLC now owns 1,656 shares of the transportation company’s stock worth $278,000 after purchasing an additional 78 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of J.B. Hunt Transport Services by 9.0% in the 1st quarter. Victory Capital Management Inc. now owns 1,751,660 shares of the transportation company’s stock worth $294,401,000 after purchasing an additional 144,192 shares during the last quarter. Finally, Ellevest Inc. increased its position in shares of J.B. Hunt Transport Services by 22.5% in the 1st quarter. Ellevest Inc. now owns 1,504 shares of the transportation company’s stock worth $253,000 after purchasing an additional 276 shares during the last quarter. 69.25% of the stock is currently owned by hedge funds and other institutional investors.

JBHT traded up $2.47 during trading hours on Tuesday, reaching $176.57. The company’s stock had a trading volume of 624,773 shares, compared to its average volume of 653,436. J.B. Hunt Transport Services has a fifty-two week low of $95.30 and a fifty-two week high of $178.40. The stock has a market cap of $18.66 billion, a PE ratio of 37.61, a P/E/G ratio of 1.66 and a beta of 1.00. The business’s 50-day moving average is $167.28 and its 200-day moving average is $146.48. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58.

The business also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Friday, May 7th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, May 6th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.28. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 22.90%.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc provides surface transportation and delivery services in North America. 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.

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