Wall Street analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will report sales of $1.87 billion for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for J B Hunt Transport Services’ earnings, with estimates ranging from $1.80 billion to $1.90 billion. J B Hunt Transport Services reported sales of $1.63 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.7%. The company is expected to issue its next earnings results on Monday, April 16th.
According to Zacks, analysts expect that J B Hunt Transport Services will report full year sales of $1.87 billion for the current fiscal year, with estimates ranging from $7.81 billion to $8.23 billion. For the next year, analysts expect that the business will report sales of $8.87 billion per share, with estimates ranging from $8.51 billion to $9.07 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 announced its quarterly earnings results on Thursday, January 18th. The transportation company reported $3.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $2.45. J B Hunt Transport Services had a net margin of 9.55% and a return on equity of 27.32%. The business had revenue of $1.99 billion during the quarter, compared to analysts’ expectations of $1.93 billion. During the same period last year, the business earned $1.05 earnings per share. The business’s revenue for the quarter was up 15.6% on a year-over-year basis.
Shares of J B Hunt Transport Services (NASDAQ:JBHT) opened at $120.82 on Tuesday. J B Hunt Transport Services has a 12-month low of $83.35 and a 12-month high of $126.49. The firm has a market cap of $13,368.10, a PE ratio of 32.48, a price-to-earnings-growth ratio of 1.82 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.43 and a current ratio of 1.45.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.79%. This is a boost from J B Hunt Transport Services’s previous quarterly dividend of $0.23. J B Hunt Transport Services’s payout ratio is 15.51%.
In other J B Hunt Transport Services news, Director Earl Wayne Garrison sold 21,344 shares of the business’s stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of $125.79, for a total transaction of $2,684,861.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The stock was sold at an average price of $121.00, for a total transaction of $281,688.00. Following the transaction, the director now owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The disclosure for this sale can be found here. Insiders own 4.30% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Assetmark Inc. lifted its position in shares of J B Hunt Transport Services by 422.9% during the 4th quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock worth $181,000 after buying an additional 1,273 shares during the last quarter. First Allied Advisory Services Inc. purchased a new stake in shares of J B Hunt Transport Services during the 3rd quarter worth approximately $211,000. Capital Investment Counsel Inc purchased a new stake in shares of J B Hunt Transport Services during the 3rd quarter worth approximately $222,000. Advisory Services Network LLC lifted its position in shares of J B Hunt Transport Services by 2,190.7% during the 4th quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock worth $255,000 after buying an additional 2,125 shares during the last quarter. Finally, Driehaus Capital Management LLC purchased a new stake in shares of J B Hunt Transport Services during the 4th quarter worth approximately $276,000. Institutional investors own 72.19% of the company’s stock.
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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