J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Expected to Announce Quarterly Sales of $3.00 Billion

Wall Street analysts expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) to announce $3.00 billion in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for J.B. Hunt Transport Services’ earnings, with estimates ranging from $2.90 billion to $3.10 billion. J.B. Hunt Transport Services posted sales of $2.47 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 21.5%. The firm is expected to report its next quarterly earnings report on Friday, October 15th.

On average, analysts expect that J.B. Hunt Transport Services will report full year sales of $11.73 billion for the current fiscal year, with estimates ranging from $11.50 billion to $11.99 billion. For the next year, analysts expect that the firm will post sales of $12.68 billion, with estimates ranging from $11.80 billion to $13.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings results on Sunday, July 18th. The transportation company reported $1.61 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.55 by $0.06. The company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.73 billion. J.B. Hunt Transport Services had a return on equity of 22.56% and a net margin of 5.57%. The company’s revenue for the quarter was up 35.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.14 EPS.

A number of analysts have recently issued reports on the company. Barclays boosted their price objective on J.B. Hunt Transport Services from $170.00 to $180.00 and gave the company an “equal weight” rating in a research report on Monday, June 28th. Citigroup boosted their price objective on J.B. Hunt Transport Services from $197.00 to $205.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Raymond James lowered their price objective on J.B. Hunt Transport Services from $185.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 20th. Zacks Investment Research cut J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $176.00 price objective on the stock. in a research report on Wednesday, June 16th. Finally, Wells Fargo & Company boosted their price objective on J.B. Hunt Transport Services from $192.00 to $203.00 and gave the company an “overweight” rating in a research report on Tuesday, July 13th. Ten research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $171.68.

NASDAQ JBHT traded down $2.47 during trading on Friday, hitting $168.72. The company’s stock had a trading volume of 905,924 shares, compared to its average volume of 611,467. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.47. The firm has a 50 day moving average price of $171.35 and a 200 day moving average price of $168.29. The firm has a market cap of $17.75 billion, a P/E ratio of 30.13, a price-to-earnings-growth ratio of 1.73 and a beta of 1.02. J.B. Hunt Transport Services has a 52 week low of $119.22 and a 52 week high of $184.38.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 20th. Shareholders of record on Friday, August 6th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date was Thursday, August 5th. J.B. Hunt Transport Services’s dividend payout ratio is currently 25.32%.

In other news, EVP Bradley W. Hicks sold 500 shares of the company’s stock in a transaction on Friday, August 27th. The stock was sold at an average price of $179.19, for a total transaction of $89,595.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Stuart Lockard Scott sold 1,757 shares of the company’s stock in a transaction on Friday, September 3rd. The shares were sold at an average price of $183.34, for a total value of $322,128.38. Following the transaction, the executive vice president now directly owns 19,477 shares in the company, valued at approximately $3,570,913.18. The disclosure for this sale can be found here. In the last three months, insiders sold 3,557 shares of company stock worth $626,912. Insiders own 3.30% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of JBHT. Price T Rowe Associates Inc. MD increased its holdings in J.B. Hunt Transport Services by 0.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 9,561,517 shares of the transportation company’s stock valued at $1,607,004,000 after purchasing an additional 56,726 shares during the last quarter. BlackRock Inc. increased its holdings in J.B. Hunt Transport Services by 0.9% in the second quarter. BlackRock Inc. now owns 6,550,139 shares of the transportation company’s stock valued at $1,067,346,000 after purchasing an additional 56,085 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its holdings in J.B. Hunt Transport Services by 34.5% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,541,459 shares of the transportation company’s stock valued at $577,081,000 after purchasing an additional 907,873 shares during the last quarter. Janus Henderson Group PLC increased its holdings in J.B. Hunt Transport Services by 70.4% in the first quarter. Janus Henderson Group PLC now owns 3,535,158 shares of the transportation company’s stock valued at $594,155,000 after purchasing an additional 1,460,352 shares during the last quarter. Finally, Durable Capital Partners LP increased its holdings in J.B. Hunt Transport Services by 3.8% in the second quarter. Durable Capital Partners LP now owns 3,424,638 shares of the transportation company’s stock valued at $558,045,000 after purchasing an additional 125,588 shares during the last quarter. 72.73% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

J.B. Hunt Transport Services, Inc engages in the provision of logistics solutions. It operates through the following segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS) and Truckload (JBT). The JBI segment offers intermodal freight operations for rail carriers.

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