Wall Street brokerages predict that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will report sales of $1.82 billion for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided 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 in the same quarter last year, which indicates a positive year over year growth rate of 7.7%. The company is scheduled to report its next quarterly 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 business will report sales of $7.72 billion per share, with estimates ranging from $7.58 billion to $7.87 billion. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover J.B. Hunt Transport Services.

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

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of J.B. Hunt Transport Services from a “hold” rating to a “sell” rating in a report on Tuesday, June 20th. Wells Fargo & Company reiterated an “outperform” rating and issued a $105.00 target price (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research note on Tuesday, July 18th. BidaskClub raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, July 11th. Bank of America Corporation reissued a “buy” rating and issued a $109.00 target price (up from $98.00) on shares of J.B. Hunt Transport Services in a report on Monday, July 10th. Finally, Morgan Stanley restated an “equal weight” rating and set a $84.00 price target (down from $85.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. J.B. Hunt Transport Services has an average rating of “Buy” and a consensus target price of $103.38.

J.B. Hunt Transport Services (NASDAQ JBHT) opened at 109.07 on Wednesday. The stock’s 50 day moving average price is $101.61 and its 200-day moving average price is $92.74. The firm has a market capitalization of $11.94 billion, a price-to-earnings ratio of 28.61 and a beta of 0.97. J.B. Hunt Transport Services has a one year low of $76.20 and a one year high of $111.98.

In related news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $94.73, for a total value of $94,730.00. Following the transaction, the executive vice president now directly owns 18,690 shares in the company, valued at $1,770,503.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider John N. Roberts sold 7,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $91.25, for a total transaction of $638,750.00. Following the completion of the transaction, the insider now owns 267,377 shares in the company, valued at $24,398,151.25. The disclosure for this sale can be found here. Insiders sold a total of 1,052,872 shares of company stock worth $103,066,436 in the last ninety days. Insiders own 4.30% of the company’s stock.

Large investors have recently bought and sold shares of the company. BlackRock Inc. grew its stake in shares of J.B. Hunt Transport Services by 2,611.8% during the first quarter. BlackRock Inc. now owns 6,252,515 shares of the transportation company’s stock worth $573,604,000 after purchasing an additional 6,021,944 shares during the period. Sustainable Growth Advisers LP bought a new stake in J.B. Hunt Transport Services in the second quarter valued at about $147,610,000. Bank of New York Mellon Corp increased its holdings in J.B. Hunt Transport Services by 25.0% in the second quarter. Bank of New York Mellon Corp now owns 2,655,290 shares of the transportation company’s stock valued at $242,640,000 after purchasing an additional 531,089 shares during the last quarter. Renaissance Technologies LLC increased its holdings in J.B. Hunt Transport Services by 423.1% in the first quarter. Renaissance Technologies LLC now owns 625,344 shares of the transportation company’s stock valued at $57,369,000 after purchasing an additional 505,800 shares during the last quarter. Finally, Atlanta Capital Management Co. L L C increased its holdings in J.B. Hunt Transport Services by 15.4% in the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock valued at $326,110,000 after purchasing an additional 477,144 shares during the last quarter. Institutional investors and hedge funds own 71.54% 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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Earnings History and Estimates for J.B. Hunt Transport Services (NASDAQ:JBHT)

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