J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Earnings Results, Misses Estimates By $0.25 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) announced its quarterly earnings results on Tuesday. The transportation company reported $1.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.57 by ($0.25), Briefing.com reports. J.B. Hunt Transport Services had a net margin of 5.25% and a return on equity of 16.25%. The firm had revenue of $2.93 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the firm posted $1.81 EPS. The business’s revenue was down 6.5% compared to the same quarter last year.

J.B. Hunt Transport Services Stock Performance

NASDAQ JBHT traded up $6.38 during midday trading on Tuesday, hitting $176.00. The company had a trading volume of 1,904,464 shares, compared to its average volume of 850,178. The firm has a fifty day simple moving average of $160.68 and a two-hundred day simple moving average of $182.75. The stock has a market cap of $18.16 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 2.01 and a beta of 1.14. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a fifty-two week low of $153.12 and a fifty-two week high of $219.51.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were paid a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a yield of 0.98%. The ex-dividend date was Thursday, May 9th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insider Activity at J.B. Hunt Transport Services

In other news, CEO John N. Roberts purchased 6,200 shares of the stock in a transaction that occurred on Friday, April 26th. The shares were purchased at an average cost of $161.06 per share, for a total transaction of $998,572.00. Following the completion of the purchase, 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 SEC, which can be accessed through this link. 2.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on JBHT. UBS Group cut their target price on shares of J.B. Hunt Transport Services from $234.00 to $211.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Stephens decreased their target price on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating on the stock in a report on Wednesday, April 17th. BMO Capital Markets reduced their target price on J.B. Hunt Transport Services from $218.00 to $200.00 and set an “outperform” rating for the company in a report on Thursday, April 18th. StockNews.com raised shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Stifel Nicolaus dropped their target price on J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating on the stock in a report on Wednesday, April 17th. Seven equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.94.

J.B. Hunt Transport Services Company Profile

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.