J.B. Hunt Transport Services Inc. Announces Quarterly Dividend of $0.20 (JBHT)
J.B. Hunt Transport Services (NASDAQ:JBHT) announced a quarterly dividend on Wednesday, January 29th, Analyst Ratings News reports. Investors of record on Thursday, February 13th will be paid a dividend of 0.20 per share on Thursday, February 27th. This represents a $0.80 annualized dividend and a dividend yield of 1.07%.
JBHT has been the subject of a number of recent research reports. Analysts at FBR Capital Markets raised their price target on shares of J.B. Hunt Transport Services from $85.00 to $90.00 in a research note to investors on Friday, January 24th. They now have an “outperform” rating on the stock. On a related note, analysts at Wunderlich raised their price target on shares of J.B. Hunt Transport Services from $76.00 to $83.00 in a research note to investors on Friday, January 24th. They now have a “hold” rating on the stock. Finally, analysts at Wunderlich reiterated a “hold” rating on shares of J.B. Hunt Transport Services in a research note to investors on Tuesday, December 31st. They now have a $76.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $81.65.
Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) traded down 0.71% on Wednesday, hitting $74.20. The stock had a trading volume of 721,279 shares. J.B. Hunt Transport Services has a 52-week low of $65.53 and a 52-week high of $79.89. The stock’s 50-day moving average is $76.96 and its 200-day moving average is $74.87. The company has a market cap of $8.827 billion and a price-to-earnings ratio of 26.07.
J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Thursday, January 23rd. The company reported $0.77 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.79 by $0.02. The company had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. Analysts expect that J.B. Hunt Transport Services will post $3.34 EPS for the current fiscal year.
In other J.B. Hunt Transport Services news, SVP David N. Chelette sold 4,652 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $75.60, for a total value of $351,691.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
J B Hunt Transport Services Inc(NASDAQ:JBHT) is a holding company that, together with its wholly owned subsidiaries, operates as a surface transportation and delivery services to a diverse group of customers and consumers throughout the continental United States, Canada and Mexico.
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