$2.34 Billion in Sales Expected for J B Hunt Transport Services Inc (NASDAQ:JBHT) This Quarter

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Brokerages forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will post sales of $2.34 billion for the current quarter, Zacks reports. Five analysts have provided estimates for J B Hunt Transport Services’ earnings, with the highest sales estimate coming in at $2.38 billion and the lowest estimate coming in at $2.28 billion. J B Hunt Transport Services reported sales of $2.21 billion in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is scheduled to issue its next quarterly earnings report after the market closes on Tuesday, October 15th.

On average, analysts expect that J B Hunt Transport Services will report full year sales of $9.15 billion for the current year, with estimates ranging from $9.01 billion to $9.20 billion. For the next financial year, analysts expect that the company will post sales of $9.75 billion, with estimates ranging from $9.53 billion to $10.05 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Monday, July 15th. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12). The firm had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.35% and a net margin of 5.33%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $1.37 earnings per share.

Several analysts recently weighed in on JBHT shares. Bank of America lowered J B Hunt Transport Services from a “buy” rating to a “neutral” rating and decreased their price target for the company from $110.00 to $95.00 in a report on Tuesday, May 28th. Cowen restated a “market perform” rating and set a $113.00 price target (up previously from $112.00) on shares of J B Hunt Transport Services in a report on Tuesday, July 16th. Zacks Investment Research lowered J B Hunt Transport Services from a “hold” rating to a “sell” rating and set a $94.00 price target on the stock. in a report on Thursday, June 20th. UBS Group lowered J B Hunt Transport Services from a “buy” rating to a “neutral” rating and decreased their price target for the company from $121.00 to $96.00 in a report on Tuesday, June 18th. Finally, Susquehanna Bancshares increased their price target on J B Hunt Transport Services from $110.00 to $114.00 in a report on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and five have given a buy rating to the company’s stock. J B Hunt Transport Services currently has a consensus rating of “Hold” and a consensus price target of $107.13.

In other J B Hunt Transport Services news, CFO David G. Mee sold 6,141 shares of the company’s stock in a transaction on Monday, July 22nd. The stock was sold at an average price of $103.82, for a total value of $637,558.62. Following the transaction, the chief financial officer now owns 117,291 shares of the company’s stock, valued at approximately $12,177,151.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman James K. Thompson sold 2,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $97.33, for a total value of $194,660.00. Following the completion of the transaction, the chairman now directly owns 41,679 shares in the company, valued at approximately $4,056,617.07. The disclosure for this sale can be found here. Insiders sold a total of 83,126 shares of company stock worth $8,971,721 in the last ninety days. 3.60% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in JBHT. Dalton Greiner Hartman Maher & Co. grew its position in shares of J B Hunt Transport Services by 226.0% during the 2nd quarter. Dalton Greiner Hartman Maher & Co. now owns 10,675 shares of the transportation company’s stock worth $976,000 after buying an additional 7,400 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of J B Hunt Transport Services by 4.3% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 16,837 shares of the transportation company’s stock worth $1,539,000 after buying an additional 697 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of J B Hunt Transport Services by 15.5% during the 2nd quarter. Treasurer of the State of North Carolina now owns 41,626 shares of the transportation company’s stock worth $3,805,000 after buying an additional 5,600 shares in the last quarter. Vestmark Advisory Solutions Inc. grew its position in shares of J B Hunt Transport Services by 26.8% during the 2nd quarter. Vestmark Advisory Solutions Inc. now owns 4,527 shares of the transportation company’s stock worth $414,000 after buying an additional 958 shares in the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of J B Hunt Transport Services during the 2nd quarter worth $27,881,000. 73.89% of the stock is currently owned by institutional investors.

Shares of JBHT traded up $0.44 during mid-day trading on Tuesday, hitting $114.94. 34,428 shares of the stock were exchanged, compared to its average volume of 916,389. The firm has a 50-day moving average of $102.98 and a two-hundred day moving average of $98.15. J B Hunt Transport Services has a 52-week low of $83.64 and a 52-week high of $126.88. The company has a market cap of $12.41 billion, a PE ratio of 20.27, a price-to-earnings-growth ratio of 1.41 and a beta of 1.14. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.30 and a current ratio of 1.30.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 16th. Shareholders of record on Friday, August 2nd were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 0.90%. The ex-dividend date was Thursday, August 1st. J B Hunt Transport Services’s dividend payout ratio (DPR) is presently 18.34%.

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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