Equities analysts expect that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will report sales of $1.82 billion for the current fiscal quarter, Zacks reports. Seven analysts have made 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 reported sales of $1.69 billion during the same quarter last year, which would suggest a positive year over year growth rate of 7.7%. The firm is scheduled to report its next earnings results on Monday, October 16th.

According to Zacks, analysts expect that J.B. Hunt Transport Services will report full year sales of $1.82 billion for the current year, with estimates ranging from $7.01 billion to $7.10 billion. For the next fiscal 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 Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, July 17th. The transportation company reported $0.88 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.92 by ($0.04). J.B. Hunt Transport Services had a net margin of 6.32% and a return on equity of 30.00%. The business had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion. During the same quarter last year, the firm earned $0.92 EPS. The company’s revenue for the quarter was up 6.9% on a year-over-year basis.

Several equities research analysts have recently weighed in on the company. Cowen and Company reissued a “buy” rating and issued a $102.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, August 25th. BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 17th. Stifel Nicolaus set a $91.00 price target on J.B. Hunt Transport Services and gave the company a “hold” rating in a research note on Wednesday, August 23rd. Bank of America Corporation reissued a “buy” rating and issued a $109.00 price target (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research note on Monday, July 10th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $84.00 price target (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. Nine investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $98.80.

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In other J.B. Hunt Transport Services news, Chairman James K. Thompson sold 8,503 shares of the stock in a transaction that occurred on Wednesday, July 19th. The stock was sold at an average price of $91.76, for a total value of $780,235.28. Following the transaction, the chairman now owns 51,846 shares in the company, valued at $4,757,388.96. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Nicholas Hobbs sold 4,000 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $93.55, for a total value of $374,200.00. Following the completion of the transaction, the executive vice president now owns 51,232 shares in the company, valued at approximately $4,792,753.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,052,872 shares of company stock worth $103,066,436. Corporate insiders own 4.30% of the company’s stock.

Large investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC boosted its holdings in J.B. Hunt Transport Services by 6.6% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after acquiring an additional 68 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its holdings in 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 acquiring an additional 43 shares in the last quarter. Farmers & Merchants Investments Inc. boosted its holdings in 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 acquiring an additional 20 shares in the last quarter. Van ECK Associates Corp boosted its holdings in 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 acquiring an additional 95 shares in the last quarter. Finally, Paradigm Asset Management Co. LLC boosted its holdings in 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 acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 71.60% of the company’s stock.

J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 99.82 on Friday. J.B. Hunt Transport Services has a 12-month low of $76.20 and a 12-month high of $102.99. The company has a market cap of $10.92 billion, a PE ratio of 26.19 and a beta of 0.93. The stock’s 50 day moving average price is $96.10 and its 200 day moving average price is $91.92.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Monday, August 7th were issued a $0.23 dividend. The ex-dividend date was Thursday, August 3rd. This represents a $0.92 annualized dividend and a yield of 0.92%. J.B. Hunt Transport Services’s payout ratio is currently 24.08%.

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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