J B Hunt Transport Services Inc (JBHT) Expected to Post Quarterly Sales of $2.31 Billion

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Equities analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will report $2.31 billion in sales for the current 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 posted sales of $2.14 billion during the same quarter last year, which suggests a positive year over year growth rate of 7.9%. The firm is expected to announce 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 year, with estimates ranging from $9.18 billion to $9.42 billion. For the next financial year, analysts forecast that the firm will post sales of $9.99 billion, with estimates ranging from $9.59 billion to $10.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, April 15th. The transportation company reported $1.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.17 billion. During the same period last year, the company earned $1.07 earnings per share. J B Hunt Transport Services’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Several equities analysts recently weighed in on JBHT shares. Morgan Stanley cut their price objective on shares of J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating on the stock in a report on Monday, January 7th. Credit Suisse Group cut their price objective on shares of J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a report on Tuesday, January 15th. Cowen restated a “market perform” rating and issued a $122.00 price objective (down from $129.00) on shares of J B Hunt Transport Services in a report on Friday, January 18th. Stifel Nicolaus set a $113.00 price objective on shares of J B Hunt Transport Services and gave the company a “hold” rating in a report on Friday, January 18th. Finally, Zacks Investment Research upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 price objective on the stock in a report on Wednesday, January 23rd. Four equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $115.89.

NASDAQ JBHT traded up $1.48 during trading hours on Friday, hitting $95.96. The company’s stock had a trading volume of 964,513 shares, compared to its average volume of 1,082,982. J B Hunt Transport Services has a twelve month low of $88.38 and a twelve month high of $131.74. The firm has a market capitalization of $10.38 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.38 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.44 and a quick ratio of 1.10.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 17th. Shareholders of record on Friday, May 3rd will be issued a $0.26 dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a $1.04 annualized dividend and a yield of 1.08%. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

In other J B Hunt Transport Services news, CFO David G. Mee sold 2,886 shares of the stock in a transaction on Monday, February 11th. The shares were sold at an average price of $109.06, for a total value of $314,747.16. Following the sale, the chief financial officer now directly owns 110,500 shares in the company, valued at $12,051,130. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Alfred C. Harper sold 7,100 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $105.87, for a total transaction of $751,677.00. Following the completion of the sale, the chief operating officer now owns 16,756 shares in the company, valued at $1,773,957.72. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,986 shares of company stock worth $1,402,544. Company insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of JBHT. FTB Advisors Inc. acquired a new stake in J B Hunt Transport Services in the first quarter worth $25,000. CWM LLC raised its holdings in J B Hunt Transport Services by 59.5% in the fourth quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after purchasing an additional 103 shares during the period. Parallel Advisors LLC raised its holdings in J B Hunt Transport Services by 72.6% in the fourth quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after purchasing an additional 127 shares during the period. Somerset Trust Co raised its holdings in J B Hunt Transport Services by 169.1% in the first quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after purchasing an additional 186 shares during the period. Finally, CSat Investment Advisory L.P. raised its holdings in J B Hunt Transport Services by 116.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after purchasing an additional 181 shares during the period. Institutional investors own 72.52% of the company’s stock.

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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