J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results, Misses Expectations By $0.19 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) 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

In other J.B. Hunt Transport Services news, CEO John N. Roberts bought 6,200 shares of the firm’s stock in a transaction that occurred on Friday, April 26th. The stock was purchased at an average price of $161.06 per share, for a total transaction of $998,572.00. Following the purchase, the chief executive officer now directly owns 313,955 shares in the company, valued at $50,565,592.30. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.10% of the stock is currently owned by insiders.

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.

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.