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.
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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