J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to Post Q2 2024 Earnings of $1.54 Per Share, Zacks Research Forecasts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Equities research analysts at Zacks Research lowered their Q2 2024 EPS estimates for J.B. Hunt Transport Services in a report released on Tuesday, April 30th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings of $1.54 per share for the quarter, down from their prior forecast of $1.92. The consensus estimate for J.B. Hunt Transport Services’ current full-year earnings is $6.61 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services’ Q3 2024 earnings at $1.68 EPS, Q4 2024 earnings at $1.81 EPS, FY2024 earnings at $6.24 EPS, FY2025 earnings at $8.30 EPS and FY2026 earnings at $9.13 EPS.

Several other brokerages have also issued reports on JBHT. Loop Capital dropped their target price on J.B. Hunt Transport Services from $200.00 to $177.00 and set a “hold” rating for the company in a research report on Thursday, April 18th. Barclays reduced their target price on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 17th. Benchmark reissued a “buy” rating and set a $215.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Stifel Nicolaus reduced their price target on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a research note on Wednesday, April 17th. Finally, TD Cowen decreased their price objective on shares of J.B. Hunt Transport Services from $193.00 to $181.00 and set a “hold” rating for the company in a report on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.24.

J.B. Hunt Transport Services Price Performance

JBHT stock opened at $165.56 on Friday. The stock has a market cap of $17.09 billion, a PE ratio of 26.28, a P/E/G ratio of 2.22 and a beta of 1.17. J.B. Hunt Transport Services has a 12 month low of $160.07 and a 12 month high of $219.51. The company has a 50-day moving average price of $188.42 and a 200 day moving average price of $191.03. The company has a current ratio of 1.26, a quick ratio of 1.15 and a debt-to-equity ratio of 0.33.

J.B. Hunt Transport Services Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be issued a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Thursday, May 9th. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.

Insider Transactions at J.B. Hunt Transport Services

In other news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of $161.06 per share, with a total value of $998,572.00. Following the completion of the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, April 26th. The shares were bought at an average cost of $161.06 per share, with a total value of $998,572.00. Following the transaction, the chief executive officer now directly owns 313,955 shares of the company’s stock, valued at approximately $50,565,592.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, with a total value of $1,014,950.00. Following the acquisition, the director now owns 5,000 shares of the company’s stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. Insiders have sold a total of 15,454 shares of company stock valued at $3,283,219 in the last 90 days. Insiders own 2.10% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JBHT. DAVENPORT & Co LLC increased its position in shares of J.B. Hunt Transport Services by 20.1% in the 1st quarter. DAVENPORT & Co LLC now owns 313,617 shares of the transportation company’s stock valued at $61,879,000 after acquiring an additional 52,408 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of J.B. Hunt Transport Services in the first quarter worth about $504,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of J.B. Hunt Transport Services by 99.3% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 267 shares of the transportation company’s stock worth $53,000 after purchasing an additional 133 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of J.B. Hunt Transport Services by 11.2% during the first quarter. Jennison Associates LLC now owns 197,809 shares of the transportation company’s stock worth $39,413,000 after purchasing an additional 19,987 shares during the period. Finally, FORA Capital LLC boosted its position in J.B. Hunt Transport Services by 215.2% in the first quarter. FORA Capital LLC now owns 14,867 shares of the transportation company’s stock valued at $2,962,000 after buying an additional 10,150 shares during the last quarter. Hedge funds and other institutional investors own 74.95% 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.