Q1 2022 Earnings Forecast for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Issued By KeyCorp

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) – KeyCorp boosted their Q1 2022 earnings estimates for shares of J.B. Hunt Transport Services in a report issued on Sunday, April 10th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $1.95 for the quarter, up from their previous estimate of $1.77. KeyCorp has a “Overweight” rating and a $220.00 price objective on the stock. KeyCorp also issued estimates for J.B. Hunt Transport Services’ FY2022 earnings at $9.00 EPS and FY2023 earnings at $10.25 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its quarterly earnings data on Tuesday, January 18th. The transportation company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.99 by $0.29. The firm had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.29 billion. J.B. Hunt Transport Services had a return on equity of 26.32% and a net margin of 6.25%. During the same quarter in the prior year, the company earned $1.44 EPS.

JBHT has been the topic of several other research reports. Deutsche Bank Aktiengesellschaft raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price target for the company from $210.00 to $230.00 in a report on Tuesday. They noted that the move was a valuation call. StockNews.com cut J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Saturday, April 9th. Citigroup raised their price target on J.B. Hunt Transport Services from $205.00 to $230.00 in a report on Wednesday, January 12th. Stephens raised their price target on J.B. Hunt Transport Services from $232.00 to $245.00 and gave the company an “overweight” rating in a report on Thursday, March 31st. Finally, The Goldman Sachs Group raised J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and raised their price target for the company from $209.00 to $231.00 in a report on Wednesday, March 9th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average target price of $212.65.

Shares of JBHT opened at $171.98 on Tuesday. The stock’s 50-day simple moving average is $194.97 and its 200 day simple moving average is $193.79. The stock has a market capitalization of $18.06 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth 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. J.B. Hunt Transport Services has a 52-week low of $155.11 and a 52-week high of $218.18.

Several institutional investors and hedge funds have recently added to or reduced their stakes in JBHT. Jacobi Capital Management LLC purchased a new position in shares of J.B. Hunt Transport Services in the 3rd quarter valued at approximately $25,000. Lee Financial Co purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $26,000. Cohen & Steers Inc. purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $31,000. Covestor Ltd purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $41,000. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new position in J.B. Hunt Transport Services during the third quarter valued at $53,000. Institutional investors own 71.71% of the company’s stock.

In other news, EVP Stuart Lockard Scott sold 5,473 shares of the firm’s stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $193.00, for a total value of $1,056,289.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Bradley W. Hicks sold 800 shares of the firm’s stock in a transaction that occurred on Monday, March 7th. The shares were sold at an average price of $204.94, for a total value of $163,952.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,038 shares of company stock worth $1,563,251. Corporate insiders own 3.10% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were given a $0.40 dividend. 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 was Thursday, February 3rd. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 22.41%.

J.B. Hunt Transport Services Company Profile (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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