Equities research analysts expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to report sales of $1.90 billion for the current quarter, Zacks reports. Seven analysts have issued estimates for J.B. Hunt Transport Services’ earnings, with the highest sales estimate coming in at $1.94 billion and the lowest estimate coming in at $1.83 billion. J.B. Hunt Transport Services posted sales of $1.72 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 10.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 18th.

According to Zacks, analysts expect that J.B. Hunt Transport Services will report full year sales of $1.90 billion for the current financial year, with estimates ranging from $7.03 billion to $7.14 billion. For the next year, analysts anticipate that the business will post sales of $7.83 billion per share, with estimates ranging from $7.69 billion to $7.99 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.05). J.B. Hunt Transport Services had a net margin of 6.05% and a return on equity of 28.90%. The business had revenue of $1.84 billion for the quarter, compared to analysts’ expectations of $1.82 billion. During the same quarter in the prior year, the business posted $0.97 earnings per share. The business’s revenue for the quarter was up 9.0% on a year-over-year basis.

Several analysts have commented on the company. Wells Fargo & Company reiterated an “outperform” rating and set a $105.00 target price (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub downgraded J.B. Hunt Transport Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Loop Capital restated a “buy” rating and issued a $103.00 price target (down from $105.00) on shares of J.B. Hunt Transport Services in a research note on Saturday, July 22nd. Finally, Cowen and Company restated a “buy” rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Sunday, October 1st. Eight investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $109.41.

In related news, EVP Shelley Simpson sold 3,700 shares of the firm’s stock in a transaction on Friday, August 18th. The stock was sold at an average price of $97.05, for a total value of $359,085.00. Following the transaction, the executive vice president now directly owns 55,944 shares of the company’s stock, valued at approximately $5,429,365.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Earl Wayne Garrison sold 100,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the completion of the transaction, the director now directly owns 2,050,000 shares in the company, valued at $224,044,500. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,119,424 shares of company stock worth $110,920,966. 4.30% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of the business. Nuance Investments LLC raised its holdings in J.B. Hunt Transport Services by 5.4% during the third quarter. Nuance Investments LLC now owns 70,873 shares of the transportation company’s stock valued at $7,873,000 after acquiring an additional 3,650 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in J.B. Hunt Transport Services by 18.3% during the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,641 shares of the transportation company’s stock valued at $1,071,000 after acquiring an additional 1,488 shares during the period. JPMorgan Chase & Co. raised its holdings in J.B. Hunt Transport Services by 289.4% during the third quarter. JPMorgan Chase & Co. now owns 89,400 shares of the transportation company’s stock valued at $9,737,000 after acquiring an additional 66,442 shares during the period. Legal & General Group Plc raised its holdings in J.B. Hunt Transport Services by 1.9% during the third quarter. Legal & General Group Plc now owns 473,302 shares of the transportation company’s stock valued at $52,572,000 after acquiring an additional 8,791 shares during the period. Finally, Great West Life Assurance Co. Can raised its holdings in J.B. Hunt Transport Services by 3.8% during the third quarter. Great West Life Assurance Co. Can now owns 133,604 shares of the transportation company’s stock valued at $14,651,000 after acquiring an additional 4,894 shares during the period. 71.08% of the stock is currently owned by institutional investors and hedge funds.

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Shares of J.B. Hunt Transport Services (NASDAQ JBHT) traded down $0.15 on Friday, reaching $101.85. The company’s stock had a trading volume of 729,600 shares, compared to its average volume of 991,072. The company has a current ratio of 1.48, a quick ratio of 1.48 and a debt-to-equity ratio of 0.74. J.B. Hunt Transport Services has a 1-year low of $83.35 and a 1-year high of $111.98. The stock has a market cap of $11,178.24, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 2.08 and a beta of 1.05.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Friday, November 3rd will be issued a $0.23 dividend. The ex-dividend date is Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.90%. J.B. Hunt Transport Services’s dividend payout ratio is currently 24.47%.

About J.B. Hunt Transport Services

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

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