J.B. Hunt Transport Services (JBHT) Getting Somewhat Favorable News Coverage, Analysis Finds
News coverage about J.B. Hunt Transport Services (NASDAQ:JBHT) has been trending somewhat positive on Friday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. J.B. Hunt Transport Services earned a media sentiment score of 0.23 on Accern’s scale. Accern also assigned media stories about the transportation company an impact score of 46.1552610782293 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Bullish Two Hundred Day Moving Average Cross – JBHT (nasdaq.com)
- J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Expected to Post Quarterly Sales of $1.82 Billion (americanbankingnews.com)
- J.B. Hunt Transport Services, Inc. (JBHT) Insider John N. Roberts Sells 7,000 Shares (americanbankingnews.com)
- JB Hunt Transport Services, I (JBHT) Investment Down in Latest Report from Neuberger Berman Group LLC – Modern Readers (modernreaders.com)
- JB Hunt Transport Services, I (JBHT) Holdings Decreased by Neuberger Berman Group LLC – Modern Readers (modernreaders.com)
J.B. Hunt Transport Services (NASDAQ:JBHT) traded up 2.82% on Friday, reaching $94.70. The company had a trading volume of 1,306,596 shares. The firm has a 50 day moving average price of $91.12 and a 200-day moving average price of $91.98. J.B. Hunt Transport Services has a 12 month low of $76.20 and a 12 month high of $102.38. The stock has a market capitalization of $10.36 billion, a price-to-earnings ratio of 24.84 and a beta of 0.94.
J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by $0.04. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Analysts forecast that J.B. Hunt Transport Services will post $3.88 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Stockholders of record on Monday, August 7th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Thursday, August 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.97%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is 24.08%.
J.B. Hunt Transport Services announced that its Board of Directors has approved a share repurchase plan on Thursday, April 20th that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the transportation company to repurchase up to 51% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.
JBHT has been the subject of several research analyst reports. BidaskClub lowered J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Loop Capital restated a “buy” rating and issued a $103.00 price objective (down previously from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Stifel Nicolaus restated a “hold” rating and issued a $88.00 price objective on shares of J.B. Hunt Transport Services in a report on Friday, June 23rd. Finally, J P Morgan Chase & Co initiated coverage on J.B. Hunt Transport Services in a report on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective for the company. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $98.73.
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In other news, insider John N. Roberts sold 7,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $91.25, for a total value of $638,750.00. Following the sale, the insider now directly owns 267,377 shares in the company, valued at $24,398,151.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO David G. Mee sold 10,767 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the completion of the sale, the chief financial officer now owns 109,500 shares in the company, valued at $9,996,255. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 32,448 shares of company stock worth $2,979,740. Corporate insiders own 4.30% of the company’s stock.
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America. The Company segments include Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS) and Truck (JBT). The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.
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