Wall Street analysts predict that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will announce sales of $1.82 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for J.B. Hunt Transport Services’ earnings, with the lowest sales estimate coming in at $1.80 billion and the highest estimate coming in at $1.84 billion. J.B. Hunt Transport Services posted sales of $1.69 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is scheduled to report its next earnings results on Monday, October 16th.

On average, analysts expect that J.B. Hunt Transport Services will report full year sales of $1.82 billion for the current fiscal year, with estimates ranging from $7.01 billion to $7.10 billion. For the next financial year, analysts expect that the firm will report sales of $7.68 billion per share, with estimates ranging from $7.58 billion to $7.79 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.92 by $0.04. The firm 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%. J.B. Hunt Transport Services’s revenue for the quarter was up 6.9% on a year-over-year basis. During the same quarter last year, the business posted $0.92 EPS.

JBHT has been the subject of several recent research reports. J P Morgan Chase & Co initiated coverage on shares of J.B. Hunt Transport Services in a research note on Tuesday, May 23rd. They issued an “overweight” rating and a $107.00 price objective for the company. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Loop Capital reaffirmed a “buy” rating and issued a $103.00 target price (down previously from $105.00) on shares of J.B. Hunt Transport Services in a report on Saturday, July 22nd. Stifel Nicolaus reduced their target price on shares of J.B. Hunt Transport Services from $97.00 to $88.00 and set a “hold” rating on the stock in a report on Wednesday, April 19th. Finally, BidaskClub raised shares of J.B. Hunt Transport Services from a “strong sell” rating to a “sell” rating in a report on Wednesday, June 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. J.B. Hunt Transport Services currently has an average rating of “Hold” and a consensus target price of $98.73.

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Shares of J.B. Hunt Transport Services (NASDAQ JBHT) traded up 0.09% during trading on Thursday, hitting $92.25. The stock had a trading volume of 400,145 shares. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $102.38. The company’s 50 day moving average price is $90.96 and its 200 day moving average price is $91.98. The company has a market capitalization of $10.10 billion, a price-to-earnings ratio of 24.20 and a beta of 0.94.

The firm also recently announced 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 is Thursday, August 3rd. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.00%. J.B. Hunt Transport Services’s payout ratio is 24.08%.

J.B. Hunt Transport Services declared that its Board of Directors has approved a share repurchase plan on Thursday, April 20th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 51% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, CFO David G. Mee sold 10,767 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $91.29, for a total value of $982,919.43. Following the transaction, the chief financial officer now directly owns 109,500 shares of the company’s stock, valued at approximately $9,996,255. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Kuhlow sold 810 shares of J.B. Hunt Transport Services stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $93.71, for a total transaction of $75,905.10. Following the completion of the transaction, the senior vice president now directly owns 3,999 shares in the company, valued at $374,746.29. The disclosure for this sale can be found here. Insiders sold a total of 25,448 shares of company stock worth $2,340,990 over the last ninety days. Corporate insiders own 4.30% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. boosted its position in shares of J.B. Hunt Transport Services by 3.4% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 1,296 shares of the transportation company’s stock worth $119,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. boosted its position in shares of J.B. Hunt Transport Services by 1.4% in the second quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after buying an additional 20 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of J.B. Hunt Transport Services by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,468 shares of the transportation company’s stock worth $135,000 after buying an additional 95 shares during the last quarter. Paradigm Asset Management Co. LLC boosted its position in shares of J.B. Hunt Transport Services by 3.1% in the second quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after buying an additional 50 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new position in shares of J.B. Hunt Transport Services during the second quarter worth approximately $173,000. 73.09% of the stock is currently owned by institutional investors and hedge funds.

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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