Wall Street brokerages expect that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) will announce sales of $1.90 billion for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for J.B. Hunt Transport Services’ earnings. The lowest sales estimate is $1.83 billion and the highest is $1.94 billion. J.B. Hunt Transport Services posted sales of $1.72 billion during the same quarter last year, which suggests a positive year over year growth rate of 10.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, January 18th.

On average, analysts expect that J.B. Hunt Transport Services will report full year sales of $1.90 billion for the current financial year, with estimates ranging from $7.03 billion to $7.14 billion. For the next year, analysts forecast that the business will post sales of $7.83 billion per share, with estimates ranging from $7.69 billion to $7.99 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its earnings results on Friday, October 13th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.05). J.B. Hunt Transport Services had a return on equity of 28.90% and a net margin of 6.05%. The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.82 billion. During the same period last year, the business earned $0.97 earnings per share. The firm’s revenue was up 9.0% compared to the same quarter last year.

Several equities analysts recently weighed in on the company. Cowen and Company reiterated a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a research report on Sunday, October 1st. Barclays PLC increased their target price on J.B. Hunt Transport Services from $97.00 to $105.00 and gave the stock an “equal weight” rating in a research report on Monday, October 2nd. Stifel Nicolaus upgraded J.B. Hunt Transport Services from a “hold” rating to a “buy” rating and increased their target price for the stock from $91.00 to $125.00 in a research report on Friday, September 29th. Loop Capital reiterated a “buy” rating and set a $116.00 target price (up from $103.00) on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 4th. Finally, Robert W. Baird reiterated a “hold” rating and set a $112.00 target price on shares of J.B. Hunt Transport Services in a research report on Friday, October 6th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $108.76.

In other J.B. Hunt Transport Services news, SVP John Kuhlow sold 810 shares of the firm’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $93.71, for a total transaction of $75,905.10. Following the completion of the sale, the senior vice president now owns 3,999 shares in the company, valued at approximately $374,746.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder J B. Hunt Llc sold 975,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $98.00, for a total value of $95,550,000.00. Following the sale, the insider now owns 17,477,085 shares of the company’s stock, valued at approximately $1,712,754,330. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,044,369 shares of company stock valued at $102,286,201. 4.30% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. YorkBridge Wealth Partners LLC lifted its holdings in J.B. Hunt Transport Services by 6.6% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,097 shares of the transportation company’s stock worth $102,000 after buying an additional 68 shares during the last quarter. Bronfman E.L. Rothschild L.P. lifted its holdings in J.B. Hunt Transport Services by 3.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,339 shares of the transportation company’s stock worth $122,000 after buying an additional 43 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in J.B. Hunt Transport Services by 1.4% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 1,420 shares of the transportation company’s stock worth $130,000 after buying an additional 20 shares during the last quarter. Paradigm Asset Management Co. LLC lifted its holdings in J.B. Hunt Transport Services by 3.1% during the 2nd quarter. Paradigm Asset Management Co. LLC now owns 1,650 shares of the transportation company’s stock worth $151,000 after buying an additional 50 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new position in J.B. Hunt Transport Services during the 2nd quarter worth approximately $173,000. Hedge funds and other institutional investors own 71.49% of the company’s stock.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 106.58 on Monday. J.B. Hunt Transport Services has a 52 week low of $76.89 and a 52 week high of $111.98. The firm has a market capitalization of $11.70 billion, a P/E ratio of 28.41 and a beta of 0.97. The firm has a 50 day moving average price of $104.46 and a 200-day moving average price of $94.03.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Friday, November 3rd will be paid a dividend of $0.23 per share. The ex-dividend date is Thursday, November 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 0.86%. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is presently 24.47%.

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J.B. Hunt Transport Services Company Profile

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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