J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to Post Q2 2022 Earnings of $2.29 Per Share, KeyCorp Forecasts

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTGet Rating) – Analysts at KeyCorp lifted their Q2 2022 earnings per share (EPS) estimates for shares of J.B. Hunt Transport Services in a report issued on Monday, April 18th. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $2.29 per share for the quarter, up from their previous estimate of $2.20. 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’ Q3 2022 earnings at $2.42 EPS, FY2022 earnings at $9.50 EPS and FY2023 earnings at $10.50 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Rating) last posted its quarterly earnings data on Monday, April 18th. The transportation company reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.35. J.B. Hunt Transport Services had a net margin of 6.25% and a return on equity of 26.32%. The business had revenue of $3.49 billion during the quarter, compared to the consensus estimate of $3.32 billion. During the same period in the previous year, the firm posted $1.37 earnings per share. The business’s revenue for the quarter was up 33.2% compared to the same quarter last year.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. decreased their target price on J.B. Hunt Transport Services from $203.00 to $187.00 and set a “neutral” rating for the company in a report on Friday, April 8th. The Goldman Sachs Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price objective for the company from $209.00 to $231.00 in a report on Wednesday, March 9th. Raymond James raised their target price on shares of J.B. Hunt Transport Services from $205.00 to $210.00 in a report on Tuesday. Stephens lowered their price target on shares of J.B. Hunt Transport Services from $245.00 to $230.00 and set an “overweight” rating on the stock in a report on Tuesday. Finally, Zacks Investment Research lowered J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research note on Monday, March 14th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $212.00.

J.B. Hunt Transport Services stock opened at $173.88 on Wednesday. The business’s 50-day simple moving average is $193.57 and its two-hundred day simple moving average is $194.02. 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 company has a market cap of $18.26 billion, a PE ratio of 24.35, a PEG ratio of 1.32 and a beta of 1.04. J.B. Hunt Transport Services has a fifty-two week low of $155.11 and a fifty-two week high of $218.18.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 18th. Stockholders of record on Friday, February 4th were given 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. The ex-dividend date was Thursday, February 3rd. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 22.41%.

In related news, EVP Bradley W. Hicks sold 800 shares of the stock in a transaction on Monday, March 7th. The stock was sold at an average price of $204.94, for a total value of $163,952.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Stuart Lockard Scott sold 5,473 shares of J.B. Hunt Transport Services 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. Insiders sold a total of 8,038 shares of company stock worth $1,563,251 in the last three months. 3.10% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jacobi Capital Management LLC purchased a new position in J.B. Hunt Transport Services during the third quarter worth approximately $25,000. Lee Financial Co acquired a new stake in shares of J.B. Hunt Transport Services in the 4th quarter worth $26,000. Cohen & Steers Inc. purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth $31,000. Independence Bank of Kentucky acquired a new position in shares of J.B. Hunt Transport Services during the 1st quarter valued at about $36,000. Finally, Covestor Ltd purchased a new stake in shares of J.B. Hunt Transport Services in the fourth quarter valued at about $41,000. Hedge funds and other institutional investors own 71.71% of the company’s stock.

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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