J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) – Equities researchers at KeyCorp lifted their Q2 2022 EPS estimates for J.B. Hunt Transport Services in a research note issued to investors on Sunday, April 10th. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $2.20 for the quarter, up from their previous estimate of $2.12. KeyCorp currently has a “Overweight” rating and a $220.00 target price on the stock. KeyCorp also issued estimates for J.B. Hunt Transport Services’ Q4 2022 earnings at $2.46 EPS.
J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its quarterly earnings results on Tuesday, January 18th. The transportation company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $1.99 by $0.29. J.B. Hunt Transport Services had a net margin of 6.25% and a return on equity of 26.32%. The company had revenue of $3.50 billion for the quarter, compared to analysts’ expectations of $3.29 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share.
Shares of JBHT opened at $171.98 on Wednesday. The company’s fifty day moving average is $194.97 and its 200 day moving average is $193.79. J.B. Hunt Transport Services has a fifty-two week low of $155.11 and a fifty-two week high of $218.18. The stock has a market capitalization of $18.06 billion, a PE ratio of 24.09, a P/E/G ratio of 1.33 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.34.
The business also recently announced a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were paid a dividend of $0.40 per share. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.30. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date of this dividend was Thursday, February 3rd. J.B. Hunt Transport Services’s payout ratio is currently 22.41%.
In related news, EVP Eric Mcgee sold 1,765 shares of the company’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $194.34, for a total value of $343,010.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stuart Lockard Scott sold 5,473 shares of the company’s stock in a transaction dated Tuesday, February 1st. The stock was sold at an average price of $193.00, for a total transaction of $1,056,289.00. The disclosure for this sale can be found here. Insiders have sold 8,038 shares of company stock valued at $1,563,251 over the last three months. Insiders own 3.10% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the business. Lee Financial Co purchased a new stake in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $26,000. Jacobi Capital Management LLC purchased a new stake in shares of J.B. Hunt Transport Services during the third quarter valued at about $25,000. Cohen & Steers Inc. acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $31,000. Covestor Ltd acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $41,000. Finally, Crewe Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at about $60,000. 71.71% of the stock is owned by institutional investors and hedge funds.
About J.B. Hunt Transport Services (Get Rating)
J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. 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.
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