J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Expected to Post Earnings of $1.91 Per Share

Equities research analysts expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) to announce $1.91 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for J.B. Hunt Transport Services’ earnings, with estimates ranging from $1.80 to $2.00. J.B. Hunt Transport Services reported earnings of $1.37 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 39.4%. The company is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that J.B. Hunt Transport Services will report full year earnings of $8.70 per share for the current fiscal year, with EPS estimates ranging from $7.99 to $9.21. For the next year, analysts forecast that the company will post earnings of $9.58 per share, with EPS estimates ranging from $8.32 to $10.38. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last released its earnings results on Tuesday, January 18th. The transportation company reported $2.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.99 by $0.29. The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations 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 last year, the business posted $1.44 EPS.

A number of research firms recently weighed in on JBHT. Raymond James raised their price objective on J.B. Hunt Transport Services from $200.00 to $215.00 and gave the company an “outperform” rating in a research report on Friday, January 7th. Citigroup raised their price objective on J.B. Hunt Transport Services from $205.00 to $230.00 in a research report on Wednesday, January 12th. Deutsche Bank Aktiengesellschaft raised J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and raised their price objective for the company from $210.00 to $230.00 in a research report on Tuesday. They noted that the move was a valuation call. Wolfe Research reduced their target price on J.B. Hunt Transport Services from $242.00 to $220.00 and set an “outperform” rating for the company in a report on Tuesday, April 5th. Finally, Wells Fargo & Company lifted their target price on J.B. Hunt Transport Services from $233.00 to $240.00 and gave the stock an “overweight” rating in a report on Wednesday, January 19th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Buy” and an average target price of $212.65.

In other news, EVP Bradley W. Hicks sold 800 shares of the stock in a transaction on Monday, March 7th. The shares were sold at an average price of $204.94, for a total value of $163,952.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Stuart Lockard Scott sold 5,473 shares of the stock in a transaction on 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. Over the last quarter, insiders sold 8,038 shares of company stock valued at $1,563,251. Company insiders own 3.10% of the company’s stock.

Several large investors have recently modified their holdings of JBHT. Norges Bank bought a new position in J.B. Hunt Transport Services during the fourth quarter valued at $143,713,000. Franklin Resources Inc. lifted its position in J.B. Hunt Transport Services by 125.7% during the third quarter. Franklin Resources Inc. now owns 1,245,386 shares of the transportation company’s stock valued at $208,254,000 after purchasing an additional 693,503 shares during the last quarter. Janus Henderson Group PLC lifted its position in J.B. Hunt Transport Services by 9.6% during the third quarter. Janus Henderson Group PLC now owns 4,810,990 shares of the transportation company’s stock valued at $804,494,000 after purchasing an additional 422,538 shares during the last quarter. TD Asset Management Inc. lifted its position in J.B. Hunt Transport Services by 98.8% during the fourth quarter. TD Asset Management Inc. now owns 586,074 shares of the transportation company’s stock valued at $119,794,000 after purchasing an additional 291,299 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in J.B. Hunt Transport Services by 14.3% during the third quarter. Wellington Management Group LLP now owns 1,942,136 shares of the transportation company’s stock valued at $324,762,000 after purchasing an additional 243,023 shares during the last quarter. Hedge funds and other institutional investors own 71.71% of the company’s stock.

JBHT stock traded up $0.03 on Friday, reaching $172.01. 1,092,419 shares of the company traded hands, compared to its average volume of 1,210,021. J.B. Hunt Transport Services has a one year low of $155.11 and a one year high of $218.18. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.34 and a quick ratio of 1.32. The company has a market cap of $18.06 billion, a P/E ratio of 24.09, a price-to-earnings-growth ratio of 1.32 and a beta of 1.04. The firm has a fifty day simple moving average of $194.33 and a 200-day simple moving average of $193.77.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Thursday, February 3rd. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.30. J.B. Hunt Transport Services’s dividend payout ratio is 22.41%.

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.

See Also

Get a free copy of the Zacks research report on J.B. Hunt Transport Services (JBHT)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.