J B Hunt Transport Services Inc (NASDAQ:JBHT) – Equities research analysts at KeyCorp lowered their FY2019 earnings per share (EPS) estimates for shares of J B Hunt Transport Services in a research note issued to investors on Monday, October 15th. KeyCorp analyst T. Fowler now expects that the transportation company will earn $6.40 per share for the year, down from their previous forecast of $6.60.

A number of other research analysts have also weighed in on JBHT. BidaskClub lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Wednesday, June 27th. Zacks Investment Research raised shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating and set a $137.00 target price for the company in a research report on Tuesday, July 3rd. ValuEngine lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Thursday, July 5th. Citigroup boosted their target price on shares of J B Hunt Transport Services from $122.00 to $133.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 10th. Finally, Cowen boosted their target price on shares of J B Hunt Transport Services from $123.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 17th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $128.89.

J B Hunt Transport Services stock opened at $111.63 on Thursday. The firm has a market cap of $12.27 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.11 and a quick ratio of 1.13. J B Hunt Transport Services has a fifty-two week low of $100.78 and a fifty-two week high of $131.74.

J B Hunt Transport Services (NASDAQ:JBHT) last released its earnings results on Monday, October 15th. The transportation company reported $1.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.07. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.22 billion. J B Hunt Transport Services had a net margin of 9.49% and a return on equity of 27.71%. The business’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 EPS.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 16th. Stockholders of record on Friday, November 9th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.86%. The ex-dividend date is Thursday, November 8th. J B Hunt Transport Services’s dividend payout ratio is currently 25.67%.

In other news, EVP Terrence D. Matthews sold 5,163 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $122.11, for a total transaction of $630,453.93. Following the completion of the transaction, the executive vice president now owns 23,810 shares of the company’s stock, valued at $2,907,439.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Bradley W. Hicks sold 500 shares of the company’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total transaction of $61,215.00. Following the transaction, the executive vice president now directly owns 16,900 shares of the company’s stock, valued at approximately $2,069,067. The disclosure for this sale can be found here. 4.20% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its stake in J B Hunt Transport Services by 2.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 17,967 shares of the transportation company’s stock valued at $2,184,000 after acquiring an additional 469 shares during the period. Cookson Peirce & Co. Inc. increased its stake in J B Hunt Transport Services by 27.5% in the second quarter. Cookson Peirce & Co. Inc. now owns 2,600 shares of the transportation company’s stock valued at $316,000 after acquiring an additional 560 shares during the period. Tower Research Capital LLC TRC grew its stake in J B Hunt Transport Services by 186.8% during the second quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock worth $111,000 after buying an additional 596 shares during the last quarter. CIBC Asset Management Inc grew its stake in J B Hunt Transport Services by 3.8% during the second quarter. CIBC Asset Management Inc now owns 17,225 shares of the transportation company’s stock worth $2,094,000 after buying an additional 634 shares during the last quarter. Finally, Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in J B Hunt Transport Services by 32.9% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,870 shares of the transportation company’s stock worth $349,000 after buying an additional 710 shares during the last quarter. 73.46% of the stock is currently owned by institutional investors and hedge funds.

J B Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Earnings History and Estimates for J B Hunt Transport Services (NASDAQ:JBHT)

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