Zacks: Analysts Anticipate J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to Announce $1.22 Earnings Per Share

Wall Street brokerages predict that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will post earnings per share (EPS) of $1.22 for the current quarter, according to Zacks. Five analysts have provided estimates for J.B. Hunt Transport Services’ earnings. The lowest EPS estimate is $1.13 and the highest is $1.39. J.B. Hunt Transport Services reported earnings of $0.98 per share in the same quarter last year, which would indicate a positive year over year growth rate of 24.5%. The company is scheduled to announce its next quarterly earnings results on Tuesday, April 13th.

On average, analysts expect that J.B. Hunt Transport Services will report full-year earnings of $6.11 per share for the current financial year, with EPS estimates ranging from $5.78 to $6.25. For the next year, analysts expect that the business will post earnings of $7.13 per share, with EPS estimates ranging from $6.41 to $7.50. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, January 18th. The transportation company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.14. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.57 billion. During the same period in the prior year, the business earned $1.35 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year.

Several equities analysts recently weighed in on JBHT shares. Raymond James raised their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 15th. Smith Barney Citigroup raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $150.00 to $165.00 in a report on Wednesday, January 6th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and boosted their target price for the company from $150.00 to $165.00 in a research note on Wednesday, January 6th. Deutsche Bank Aktiengesellschaft lifted their price target on J.B. Hunt Transport Services from $139.00 to $146.00 and gave the stock a “hold” rating in a research note on Thursday, January 21st. Finally, Credit Suisse Group raised J.B. Hunt Transport Services from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $131.00 to $175.00 in a research note on Tuesday, January 19th. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of “Hold” and an average price target of $147.20.

Shares of JBHT stock traded down $1.01 on Tuesday, reaching $144.54. 15,270 shares of the company were exchanged, compared to its average volume of 718,157. J.B. Hunt Transport Services has a one year low of $75.29 and a one year high of $156.74. The company has a market cap of $15.27 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.58 and a quick ratio of 1.58. The company has a 50-day moving average of $145.42 and a 200-day moving average of $136.76.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Friday, February 5th were issued a $0.28 dividend. The ex-dividend date of this dividend was Thursday, February 4th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.27. This represents a $1.12 annualized dividend and a yield of 0.77%. J.B. Hunt Transport Services’s dividend payout ratio is 22.90%.

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 1,500 shares of the company’s stock in a transaction on Monday, February 22nd. The shares were sold at an average price of $146.79, for a total value of $220,185.00. Following the completion of the transaction, the executive vice president now directly owns 952 shares in the company, valued at approximately $139,744.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.51% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. Regent Peak Wealth Advisors LLC bought a new position in J.B. Hunt Transport Services in the 4th quarter worth $30,000. Vantage Consulting Group Inc bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $39,000. Perigon Wealth Management LLC bought a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth about $43,000. Cerebellum GP LLC bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $60,000. Finally, Prospera Financial Services Inc bought a new position in shares of J.B. Hunt Transport Services in the 3rd quarter worth about $70,000. Institutional investors and hedge funds own 69.25% of the company’s stock.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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