J.B. Hunt Transport Services, Inc. (JBHT) Announces Earnings Results
J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced its quarterly earnings data on Friday. The transportation company reported $0.91 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.96 by ($0.05), MarketWatch Earnings reports. The business had revenue of $1.84 billion during the quarter, compared to analysts’ expectations of $1.82 billion. J.B. Hunt Transport Services had a return on equity of 30.00% and a net margin of 6.32%. J.B. Hunt Transport Services’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.97 EPS.
JBHT has been the topic of a number of recent analyst reports. Wells Fargo & Company restated an “outperform” rating and set a $105.00 price objective (up previously from $100.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. BidaskClub upgraded shares of J.B. Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Tuesday, July 11th. Bank of America Corporation restated a “buy” rating and set a $109.00 price objective (up previously from $98.00) on shares of J.B. Hunt Transport Services in a research report on Monday, July 10th. Morgan Stanley restated an “equal weight” rating and set a $84.00 price objective (down previously from $85.00) on shares of J.B. Hunt Transport Services in a research report on Tuesday, July 18th. Finally, Stifel Nicolaus upgraded shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and increased their price objective for the company from $91.00 to $125.00 in a research report on Friday, September 29th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $107.44.
In other J.B. Hunt Transport Services news, EVP Bradley W. Hicks sold 1,000 shares of the stock in a transaction on Friday, August 11th. The stock was sold at an average price of $94.73, for a total value of $94,730.00. Following the sale, the executive vice president now directly owns 18,690 shares of the company’s stock, valued at $1,770,503.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Terrence D. Matthews sold 2,694 shares of the stock in a transaction on Friday, September 8th. The stock was sold at an average price of $101.00, for a total value of $272,094.00. Following the completion of the sale, the executive vice president now directly owns 21,140 shares in the company, valued at $2,135,140. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,052,872 shares of company stock worth $103,066,436. Corporate insiders own 4.30% of the company’s stock.
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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