J B Hunt Transport Services (JBHT) Releases Earnings Results, Misses Expectations By $0.16 EPS

J B Hunt Transport Services (NASDAQ:JBHT) released its quarterly earnings results on Monday. The transportation company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.25 by ($0.16), RTT News reports. J B Hunt Transport Services had a return on equity of 30.72% and a net margin of 5.68%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same quarter in the prior year, the company earned $1.07 EPS. The business’s revenue was up 7.3% on a year-over-year basis.

Shares of J B Hunt Transport Services stock traded down $1.18 during trading hours on Monday, reaching $105.50. 1,164,888 shares of the company’s stock were exchanged, compared to its average volume of 967,505. J B Hunt Transport Services has a 52-week low of $88.38 and a 52-week high of $131.74. The firm has a market cap of $11.60 billion, a PE ratio of 18.61, a P/E/G ratio of 1.43 and a beta of 1.13. The company has a quick ratio of 1.10, a current ratio of 1.11 and a debt-to-equity ratio of 0.43.

In other J B Hunt Transport Services news, COO Alfred C. Harper sold 7,100 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $105.87, for a total transaction of $751,677.00. Following the transaction, the chief operating officer now owns 16,756 shares of the company’s stock, valued at approximately $1,773,957.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO David G. Mee sold 2,886 shares of the stock in a transaction on Monday, February 11th. The stock was sold at an average price of $109.06, for a total value of $314,747.16. Following the transaction, the chief financial officer now directly owns 110,500 shares in the company, valued at approximately $12,051,130. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,986 shares of company stock worth $1,402,544. Corporate insiders own 3.60% of the company’s stock.



Several institutional investors have recently modified their holdings of JBHT. CWM LLC increased its holdings in shares of J B Hunt Transport Services by 59.5% during the 4th quarter. CWM LLC now owns 276 shares of the transportation company’s stock worth $26,000 after buying an additional 103 shares during the last quarter. Somerset Trust Co increased its holdings in shares of J B Hunt Transport Services by 169.1% during the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock worth $30,000 after buying an additional 186 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of J B Hunt Transport Services by 72.6% during the 4th quarter. Parallel Advisors LLC now owns 302 shares of the transportation company’s stock worth $28,000 after buying an additional 127 shares during the last quarter. CSat Investment Advisory L.P. increased its holdings in shares of J B Hunt Transport Services by 116.0% during the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock worth $31,000 after buying an additional 181 shares during the last quarter. Finally, Exane Asset Management acquired a new stake in shares of J B Hunt Transport Services during the 4th quarter worth $41,000. 72.46% of the stock is currently owned by institutional investors.

JBHT has been the topic of a number of recent research reports. Morgan Stanley reduced their target price on J B Hunt Transport Services from $118.00 to $113.00 and set an “equal weight” rating on the stock in a research note on Monday, January 7th. Credit Suisse Group reduced their target price on J B Hunt Transport Services from $148.00 to $121.00 and set an “outperform” rating on the stock in a research note on Tuesday, January 15th. Cowen reaffirmed a “market perform” rating and issued a $122.00 target price (down previously from $129.00) on shares of J B Hunt Transport Services in a research note on Friday, January 18th. Stifel Nicolaus set a $113.00 target price on J B Hunt Transport Services and gave the company a “hold” rating in a research note on Friday, January 18th. Finally, Zacks Investment Research raised J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $119.00 target price on the stock in a research note on Wednesday, January 23rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $124.00.

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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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Earnings History for J B Hunt Transport Services (NASDAQ:JBHT)

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