J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) posted its quarterly earnings data on Tuesday. The transportation company reported $1.32 EPS for the quarter, missing the consensus estimate of $1.51 by ($0.19), Briefing.com reports. J.B. Hunt Transport Services had a return on equity of 16.25% and a net margin of 5.25%. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the previous year, the firm earned $1.81 EPS. The company’s revenue was down 6.5% on a year-over-year basis.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ JBHT opened at $176.00 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market cap of $18.16 billion, a price-to-earnings ratio of 27.94, a P/E/G ratio of 2.05 and a beta of 1.14. The business’s 50-day simple moving average is $160.83 and its 200-day simple moving average is $182.58. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51.
J.B. Hunt Transport Services Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Investors of record on Friday, May 10th were issued a $0.43 dividend. The ex-dividend date was Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a yield of 0.98%. J.B. Hunt Transport Services’s dividend payout ratio is currently 27.30%.
Insider Activity
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on JBHT. Stifel Nicolaus reduced their price objective on shares of J.B. Hunt Transport Services from $188.00 to $173.00 and set a “hold” rating for the company in a research note on Wednesday, April 17th. Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $199.00 to $191.00 and set an “outperform” rating for the company in a research note on Tuesday, June 25th. 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. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating for the company in a research note on Tuesday, July 9th. Finally, Stephens reduced their price objective on shares of J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a research note on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.81.
Check Out Our Latest Stock Report on J.B. Hunt Transport Services
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.
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