Brokerages predict that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will report $1.74 billion in sales for the current fiscal quarter, according to Zacks. Seven analysts have issued estimates for J.B. Hunt Transport Services’ earnings, with estimates ranging from $1.70 billion to $1.77 billion. J.B. Hunt Transport Services posted sales of $1.62 billion in the same quarter last year, which suggests a positive year over year growth rate of 7.4%. The business is scheduled to report its next earnings results on Monday, July 17th.

According to Zacks, analysts expect that J.B. Hunt Transport Services will report full-year sales of $1.74 billion for the current fiscal year, with estimates ranging from $6.96 billion to $7.21 billion. For the next fiscal year, analysts expect that the business will report sales of $7.72 billion per share, with estimates ranging from $7.41 billion to $7.92 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 17th. The transportation company reported $0.92 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.06. J.B. Hunt Transport Services had a net margin of 6.54% and a return on equity of 30.67%. The firm had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the company earned $0.88 earnings per share. The company’s quarterly revenue was up 6.6% on a year-over-year basis.

JBHT has been the subject of several research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and set a $103.00 target price (down from $107.00) on shares of J.B. Hunt Transport Services in a research report on Friday, March 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday. Zacks Investment Research raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Deutsche Bank AG raised their target price on J.B. Hunt Transport Services from $90.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, April 19th. Finally, Vertical Research initiated coverage on J.B. Hunt Transport Services in a research report on Thursday, April 13th. They set a “hold” rating and a $92.00 target price for the company. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $97.00.

J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 86.78 on Friday. The firm has a market capitalization of $9.54 billion, a P/E ratio of 22.53 and a beta of 0.95. J.B. Hunt Transport Services has a 12-month low of $75.71 and a 12-month high of $102.38. The firm has a 50 day moving average of $87.01 and a 200 day moving average of $93.61.

A number of hedge funds and other institutional investors have recently modified their holdings of JBHT. Comerica Bank increased its position in shares of J.B. Hunt Transport Services by 2.4% in the fourth quarter. Comerica Bank now owns 34,596 shares of the transportation company’s stock valued at $3,434,000 after buying an additional 805 shares in the last quarter. Van ECK Associates Corp increased its position in shares of J.B. Hunt Transport Services by 5.8% in the fourth quarter. Van ECK Associates Corp now owns 1,373 shares of the transportation company’s stock valued at $133,000 after buying an additional 75 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of J.B. Hunt Transport Services by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 418,774 shares of the transportation company’s stock valued at $40,652,000 after buying an additional 3,979 shares in the last quarter. Aviva PLC increased its position in shares of J.B. Hunt Transport Services by 6.4% in the fourth quarter. Aviva PLC now owns 58,750 shares of the transportation company’s stock valued at $5,703,000 after buying an additional 3,548 shares in the last quarter. Finally, Menta Capital LLC bought a new position in shares of J.B. Hunt Transport Services during the fourth quarter valued at approximately $874,000. Institutional investors and hedge funds own 73.23% of the company’s stock.

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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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