J B Hunt Transport Services Inc (NASDAQ:JBHT) Forecasted to Post Q4 2018 Earnings of $1.54 Per Share

Share on StockTwits

J B Hunt Transport Services Inc (NASDAQ:JBHT) – KeyCorp lowered their Q4 2018 earnings per share estimates for J B Hunt Transport Services in a research report issued on Monday, October 15th, according to Zacks Investment Research. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $1.54 for the quarter, down from their prior estimate of $1.59.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. BidaskClub raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Cowen lifted their price objective on shares of J B Hunt Transport Services from $123.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 17th. Stifel Nicolaus lifted their price objective on shares of J B Hunt Transport Services from $122.00 to $123.00 and gave the stock a “hold” rating in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $128.53.

Shares of J B Hunt Transport Services stock traded down $2.53 during trading on Wednesday, hitting $106.72. 975,472 shares of the stock were exchanged, compared to its average volume of 1,044,451. The stock has a market cap of $12.13 billion, a P/E ratio of 28.53, a price-to-earnings-growth ratio of 1.71 and a beta of 0.95. J B Hunt Transport Services has a 12-month low of $100.78 and a 12-month high of $131.74. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.39.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, October 15th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.22 billion. J B Hunt Transport Services had a net margin of 9.49% and a return on equity of 27.71%. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.91 EPS.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its stake in J B Hunt Transport Services by 77.6% in the third quarter. Canada Pension Plan Investment Board now owns 49,207 shares of the transportation company’s stock valued at $5,853,000 after purchasing an additional 21,500 shares during the period. DekaBank Deutsche Girozentrale boosted its holdings in shares of J B Hunt Transport Services by 77.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 20,666 shares of the transportation company’s stock valued at $2,533,000 after acquiring an additional 9,003 shares in the last quarter. Nuance Investments LLC purchased a new stake in shares of J B Hunt Transport Services in the third quarter valued at about $11,422,000. Ontario Teachers Pension Plan Board boosted its holdings in shares of J B Hunt Transport Services by 331.4% in the third quarter. Ontario Teachers Pension Plan Board now owns 11,799 shares of the transportation company’s stock valued at $1,403,000 after acquiring an additional 9,064 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its holdings in shares of J B Hunt Transport Services by 16.0% in the third quarter. Rafferty Asset Management LLC now owns 18,748 shares of the transportation company’s stock valued at $2,230,000 after acquiring an additional 2,590 shares in the last quarter. Institutional investors own 73.79% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Shareholders of record on Friday, November 9th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Thursday, November 8th. This represents a $0.96 dividend on an annualized basis and a yield of 0.90%. J B Hunt Transport Services’s dividend payout ratio is presently 25.67%.

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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

Featured Story: Terms to Better Understand Call Options

Get a free copy of the Zacks research report on J B Hunt Transport Services (JBHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for J B Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J B Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


Leave a Reply

 
© 2006-2018 BBNS.