Zacks: Analysts Expect J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Will Post Quarterly Sales of $3.48 Billion

Equities research analysts expect that J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) will report $3.48 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for J.B. Hunt Transport Services’ earnings, with estimates ranging from $3.25 billion to $3.73 billion. J.B. Hunt Transport Services posted sales of $2.91 billion in the same quarter last year, which would indicate a positive year over year growth rate of 19.6%. The business is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that J.B. Hunt Transport Services will report full year sales of $14.18 billion for the current year, with estimates ranging from $13.49 billion to $14.87 billion. For the next financial year, analysts expect that the business will post sales of $14.93 billion, with estimates ranging from $13.76 billion to $15.85 billion. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for J.B. Hunt Transport Services.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last announced its earnings results on Monday, April 18th. The transportation company reported $2.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.91 by $0.38. The business had revenue of $3.49 billion during the quarter, compared to analyst estimates of $3.32 billion. J.B. Hunt Transport Services had a return on equity of 28.36% and a net margin of 6.58%. The company’s revenue for the quarter was up 33.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.37 earnings per share.

JBHT has been the subject of a number of research reports. Barclays upgraded J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $220.00 to $235.00 in a report on Wednesday, January 26th. Susquehanna Bancshares upgraded J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $217.00 price target for the company in a report on Tuesday, April 26th. Stephens lowered their price target on J.B. Hunt Transport Services from $245.00 to $230.00 and set an “overweight” rating for the company in a report on Tuesday, April 19th. Susquehanna raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and boosted their price objective for the stock from $210.00 to $217.00 in a research note on Tuesday, April 26th. Finally, Vertical Research raised shares of J.B. Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Wednesday, March 2nd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, J.B. Hunt Transport Services has an average rating of “Buy” and a consensus target price of $212.56.

In related news, EVP Bradley W. Hicks sold 800 shares of the company’s stock in a transaction on Monday, March 7th. The stock was sold at an average price of $204.94, for a total value of $163,952.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 3.10% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Lee Financial Co purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $26,000. Jacobi Capital Management LLC purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $25,000. Independence Bank of Kentucky purchased a new stake in J.B. Hunt Transport Services in the first quarter valued at $36,000. Cohen & Steers Inc. purchased a new stake in J.B. Hunt Transport Services in the third quarter valued at $31,000. Finally, Covestor Ltd purchased a new stake in J.B. Hunt Transport Services in the fourth quarter valued at $41,000. 72.95% of the stock is currently owned by institutional investors.

Shares of NASDAQ JBHT traded up $3.81 during trading hours on Monday, reaching $176.44. The stock had a trading volume of 906,632 shares, compared to its average volume of 930,805. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.29. The firm has a market cap of $18.49 billion, a price-to-earnings ratio of 21.89, a P/E/G ratio of 1.25 and a beta of 1.08. The business’s fifty day moving average price is $185.90 and its two-hundred day moving average price is $192.84. J.B. Hunt Transport Services has a 52-week low of $155.11 and a 52-week high of $218.18.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Thursday, May 12th. J.B. Hunt Transport Services’s payout ratio is 19.85%.

About J.B. Hunt Transport Services (Get Rating)

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in North America. It operates through five segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), Final Mile Services (FMS), and Truckload (JBT). The JBI segment offers intermodal freight solutions.

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