Q1 2018 Earnings Estimate for J.B. Hunt Transport Services, Inc. Issued By KeyCorp (JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – KeyCorp issued their Q1 2018 earnings per share (EPS) estimates for J.B. Hunt Transport Services in a research note issued on Thursday. KeyCorp analyst T. Fowler expects that the transportation company will earn $1.13 per share for the quarter. KeyCorp currently has a “Buy” rating and a $125.00 target price on the stock. KeyCorp also issued estimates for J.B. Hunt Transport Services’ Q2 2018 earnings at $1.23 EPS, Q3 2018 earnings at $1.40 EPS, FY2018 earnings at $5.35 EPS and FY2019 earnings at $6.00 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 EPS for the quarter, topping the consensus estimate of $1.03 by $2.45. J.B. Hunt Transport Services had a return on equity of 27.32% and a net margin of 9.55%. The firm had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.93 billion. During the same period in the previous year, the company posted $1.05 EPS. J.B. Hunt Transport Services’s revenue for the quarter was up 15.6% on a year-over-year basis.

A number of other research analysts also recently commented on JBHT. Credit Suisse Group restated a “buy” rating and set a $114.00 price objective (up from $100.00) on shares of J.B. Hunt Transport Services in a research note on Thursday, October 12th. They noted that the move was a valuation call. Buckingham Research started coverage on J.B. Hunt Transport Services in a research note on Friday, October 20th. They issued a “buy” rating and a $124.00 price target for the company. Loop Capital restated a “buy” rating and issued a $116.00 price objective on shares of J.B. Hunt Transport Services in a report on Monday, October 16th. Stifel Nicolaus cut their price objective on J.B. Hunt Transport Services from $114.00 to $111.00 and set a “buy” rating for the company in a report on Monday, October 16th. Finally, Cowen reaffirmed a “buy” rating and set a $102.00 target price on shares of J.B. Hunt Transport Services in a report on Sunday, October 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $117.61.

Shares of J.B. Hunt Transport Services (JBHT) opened at $123.61 on Monday. J.B. Hunt Transport Services has a twelve month low of $83.35 and a twelve month high of $123.87. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.52 and a quick ratio of 1.48. The firm has a market capitalization of $13,566.44, a P/E ratio of 19.97, a PEG ratio of 1.99 and a beta of 1.05.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JBHT. Atlanta Capital Management Co. L L C lifted its stake in J.B. Hunt Transport Services by 15.4% during the second quarter. Atlanta Capital Management Co. L L C now owns 3,568,728 shares of the transportation company’s stock worth $326,110,000 after purchasing an additional 477,144 shares during the last quarter. Renaissance Technologies LLC increased its holdings in J.B. Hunt Transport Services by 65.4% in the second quarter. Renaissance Technologies LLC now owns 1,034,544 shares of the transportation company’s stock valued at $94,537,000 after purchasing an additional 409,200 shares during the period. Janus Henderson Group PLC increased its holdings in J.B. Hunt Transport Services by 121.1% in the second quarter. Janus Henderson Group PLC now owns 626,522 shares of the transportation company’s stock valued at $57,252,000 after purchasing an additional 343,147 shares during the period. Bank of New York Mellon Corp increased its holdings in J.B. Hunt Transport Services by 8.8% in the third quarter. Bank of New York Mellon Corp now owns 2,888,361 shares of the transportation company’s stock valued at $320,840,000 after purchasing an additional 233,071 shares during the period. Finally, Alyeska Investment Group L.P. acquired a new stake in J.B. Hunt Transport Services in the third quarter valued at $25,531,000. Hedge funds and other institutional investors own 70.96% of the company’s stock.

In other news, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was sold at an average price of $109.29, for a total value of $10,929,000.00. Following the transaction, the director now owns 2,050,000 shares of the company’s stock, valued at $224,044,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Kuhlow sold 500 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $112.55, for a total value of $56,275.00. Following the completion of the transaction, the senior vice president now directly owns 3,499 shares in the company, valued at approximately $393,812.45. The disclosure for this sale can be found here. In the last ninety days, insiders sold 101,500 shares of company stock worth $11,095,605. 4.30% of the stock is owned by company insiders.

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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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