Q4 2022 Earnings Estimate for J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Issued By KeyCorp

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Rating) – Investment analysts at KeyCorp lifted their Q4 2022 earnings estimates for J.B. Hunt Transport Services in a research report issued to clients and investors on Monday, April 18th. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $2.49 for the quarter, up from their prior estimate of $2.46. KeyCorp currently has a “Overweight” rating and a $220.00 price target on the stock.

Several other research firms have also recently issued reports on JBHT. Zacks Investment Research cut J.B. Hunt Transport Services from a “buy” rating to a “hold” rating and set a $208.00 price objective for the company. in a research report on Monday, March 14th. Barclays upgraded J.B. Hunt Transport Services from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $220.00 to $235.00 in a research report on Wednesday, January 26th. BMO Capital Markets cut their price objective on J.B. Hunt Transport Services from $210.00 to $190.00 and set a “market perform” rating for the company in a research report on Tuesday. Morgan Stanley increased their price objective on J.B. Hunt Transport Services from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Finally, Wells Fargo & Company increased their price objective on J.B. Hunt Transport Services from $194.00 to $208.00 and gave the stock an “overweight” rating in a research report on Tuesday. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $212.00.

NASDAQ:JBHT opened at $169.35 on Thursday. The stock has a fifty day moving average price of $192.36 and a two-hundred day moving average price of $193.90. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 23.72, a PEG ratio of 1.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.32 and a current ratio of 1.34. J.B. Hunt Transport Services has a 1 year low of $155.11 and a 1 year high of $218.18.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Rating) last released its quarterly earnings results on Monday, April 18th. The transportation company reported $2.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.35. J.B. Hunt Transport Services had a return on equity of 26.32% and a net margin of 6.25%. The business had revenue of $3.49 billion during the quarter, compared to analysts’ expectations of $3.32 billion. During the same quarter in the prior year, the business earned $1.37 earnings per share. The company’s quarterly revenue was up 33.2% compared to the same quarter last year.

In other news, EVP Eric Mcgee sold 1,765 shares of the firm’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $194.34, for a total value of $343,010.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 800 shares of the firm’s stock in a transaction dated Monday, March 7th. The stock was sold at an average price of $204.94, for a total value of $163,952.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 8,038 shares of company stock worth $1,563,251. 3.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC purchased a new stake in J.B. Hunt Transport Services during the 3rd quarter worth approximately $25,000. Lee Financial Co acquired a new position in shares of J.B. Hunt Transport Services in the 4th quarter worth approximately $26,000. Cohen & Steers Inc. acquired a new position in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $31,000. Independence Bank of Kentucky acquired a new position in J.B. Hunt Transport Services during the 1st quarter valued at approximately $36,000. Finally, Covestor Ltd acquired a new position in J.B. Hunt Transport Services during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 71.71% of the company’s stock.

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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