J B Hunt Transport Services (NASDAQ:JBHT) Posts Earnings Results

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J B Hunt Transport Services (NASDAQ:JBHT) released its quarterly earnings data on Monday. The transportation company reported $1.23 earnings per share for the quarter, missing analysts’ consensus estimates of $1.35 by ($0.12), RTT News reports. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.35%. The business had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.26 billion. During the same period last year, the business posted $1.37 earnings per share. The firm’s quarterly revenue was up 5.7% on a year-over-year basis.

JBHT opened at $97.77 on Thursday. The stock has a market capitalization of $10.63 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.18 and a beta of 1.11. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.30 and a quick ratio of 1.44. The stock has a 50-day simple moving average of $89.61. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $127.93.

In other J B Hunt Transport Services news, Director Gary Charles George bought 5,000 shares of J B Hunt Transport Services stock in a transaction dated Friday, May 3rd. The stock was purchased at an average price of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the purchase, the director now directly owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John N. Roberts bought 2,319 shares of J B Hunt Transport Services stock in a transaction dated Tuesday, May 28th. The stock was acquired at an average price of $86.23 per share, with a total value of $199,967.37. Following the purchase, the insider now directly owns 288,739 shares of the company’s stock, valued at $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of JBHT. Fjarde AP Fonden Fourth Swedish National Pension Fund lifted its position in J B Hunt Transport Services by 61.4% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 19,448 shares of the transportation company’s stock valued at $1,778,000 after purchasing an additional 7,400 shares during the last quarter. CWM Advisors LLC lifted its holdings in shares of J B Hunt Transport Services by 19.4% in the 2nd quarter. CWM Advisors LLC now owns 7,735 shares of the transportation company’s stock worth $707,000 after acquiring an additional 1,259 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of J B Hunt Transport Services by 3.4% in the 2nd quarter. IFM Investors Pty Ltd now owns 6,010 shares of the transportation company’s stock worth $549,000 after acquiring an additional 196 shares during the last quarter. Raymond James Trust N.A. lifted its holdings in shares of J B Hunt Transport Services by 19.0% in the 2nd quarter. Raymond James Trust N.A. now owns 3,308 shares of the transportation company’s stock worth $303,000 after acquiring an additional 529 shares during the last quarter. Finally, Country Club Trust Company n.a. bought a new stake in shares of J B Hunt Transport Services in the 2nd quarter worth approximately $306,000. Hedge funds and other institutional investors own 72.91% of the company’s stock.

A number of research analysts recently weighed in on JBHT shares. Morgan Stanley set a $36.00 price target on shares of ArcBest and gave the company a “hold” rating in a research report on Monday, July 8th. Susquehanna Bancshares raised their price objective on shares of J B Hunt Transport Services from $110.00 to $114.00 in a report on Tuesday. Deutsche Bank set a $81.00 price objective on shares of Franco Nevada and gave the stock a “hold” rating in a report on Thursday, July 11th. BidaskClub downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Thursday, July 11th. Finally, ValuEngine downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $107.13.

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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Earnings History for J B Hunt Transport Services (NASDAQ:JBHT)

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