Zacks: Brokerages Expect J B Hunt Transport Services Inc (NASDAQ:JBHT) Will Announce Quarterly Sales of $2.09 Billion

Analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will post $2.09 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for J B Hunt Transport Services’ earnings, with the highest sales estimate coming in at $2.29 billion and the lowest estimate coming in at $1.92 billion. J B Hunt Transport Services posted sales of $2.26 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 7.5%. The company is scheduled to announce its next earnings results on Monday, July 20th.

According to Zacks, analysts expect that J B Hunt Transport Services will report full-year sales of $9.13 billion for the current financial year, with estimates ranging from $8.59 billion to $9.57 billion. For the next year, analysts expect that the firm will post sales of $9.81 billion, with estimates ranging from $8.92 billion to $10.24 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Tuesday, April 14th. The transportation company reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.06). The company had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.20 billion. J B Hunt Transport Services had a return on equity of 24.76% and a net margin of 5.71%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.09 EPS.

JBHT has been the subject of several analyst reports. Zacks Investment Research raised shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating and set a $64.00 price target for the company in a report on Tuesday, March 17th. Raymond James cut their price objective on shares of J B Hunt Transport Services from $130.00 to $117.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 15th. Argus upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and lifted their price objective for the company from $100.00 to $115.00 in a research note on Friday, April 17th. TheStreet upgraded shares of J B Hunt Transport Services from a “c+” rating to a “b-” rating in a research note on Friday, May 8th. Finally, Cowen cut their price objective on shares of J B Hunt Transport Services from $118.00 to $103.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 15th. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $108.22.

Shares of JBHT traded up $4.98 during midday trading on Wednesday, hitting $119.52. 1,275,600 shares of the stock traded hands, compared to its average volume of 908,999. J B Hunt Transport Services has a 1-year low of $75.29 and a 1-year high of $122.29. The firm has a market capitalization of $11.44 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.95. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.54 and a current ratio of 1.54. The business’s 50 day moving average price is $101.54 and its two-hundred day moving average price is $106.71.

The company also recently declared a quarterly dividend, which was paid on Friday, May 22nd. Investors of record on Friday, May 8th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, May 7th. This represents a $1.08 annualized dividend and a dividend yield of 0.90%. J B Hunt Transport Services’s payout ratio is 22.09%.

In related news, CFO David G. Mee sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, April 17th. The stock was sold at an average price of $105.80, for a total value of $1,269,600.00. Following the completion of the sale, the chief financial officer now owns 142,590 shares of the company’s stock, valued at approximately $15,086,022. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 3.51% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in JBHT. Signaturefd LLC boosted its position in J B Hunt Transport Services by 300.0% during the first quarter. Signaturefd LLC now owns 452 shares of the transportation company’s stock worth $42,000 after purchasing an additional 339 shares during the period. Ellevest Inc. boosted its position in J B Hunt Transport Services by 113.8% during the first quarter. Ellevest Inc. now owns 464 shares of the transportation company’s stock worth $43,000 after purchasing an additional 247 shares during the period. First Horizon Advisors Inc. boosted its position in J B Hunt Transport Services by 51.3% during the first quarter. First Horizon Advisors Inc. now owns 478 shares of the transportation company’s stock worth $43,000 after purchasing an additional 162 shares during the period. Parallel Advisors LLC boosted its position in J B Hunt Transport Services by 95.6% during the first quarter. Parallel Advisors LLC now owns 489 shares of the transportation company’s stock worth $45,000 after purchasing an additional 239 shares during the period. Finally, Smithfield Trust Co. boosted its position in J B Hunt Transport Services by 1,940.0% during the first quarter. Smithfield Trust Co. now owns 510 shares of the transportation company’s stock worth $47,000 after purchasing an additional 485 shares during the period. 73.76% of the stock is owned by institutional investors and hedge funds.

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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