J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT) posted its earnings results on Friday. The transportation company reported $1.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.08), RTT News reports. The firm had revenue of $2.47 billion during the quarter, compared to analyst estimates of $2.36 billion. J.B. Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter last year, the business posted $1.40 earnings per share.

Shares of NASDAQ JBHT opened at $128.04 on Friday. The firm has a market cap of $13.51 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 1.92 and a beta of 1.00. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.55. J.B. Hunt Transport Services has a 1-year low of $75.29 and a 1-year high of $144.35. The business’s 50 day moving average is $134.22 and its 200-day moving average is $120.93.

Several brokerages have recently issued reports on JBHT. Wells Fargo & Company assumed coverage on shares of J.B. Hunt Transport Services in a research report on Wednesday, September 23rd. They set an “overweight” rating and a $155.00 price objective for the company. Robert W. Baird upped their price objective on J.B. Hunt Transport Services from $128.00 to $148.00 and gave the stock an “outperform” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft raised J.B. Hunt Transport Services from a “sell” rating to a “hold” rating and upped their price objective for the stock from $98.00 to $140.00 in a research report on Thursday, July 16th. Stifel Nicolaus upped their price objective on J.B. Hunt Transport Services from $118.00 to $122.00 and gave the stock a “hold” rating in a research report on Friday, July 24th. Finally, KeyCorp upped their price objective on J.B. Hunt Transport Services from $135.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. Thirteen investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $136.68.

In other news, Director Gary Charles George sold 56,000 shares of the stock in a transaction that occurred on Monday, July 20th. The stock was sold at an average price of $135.26, for a total transaction of $7,574,560.00. Following the transaction, the director now owns 40,599 shares in the company, valued at $5,491,420.74. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Terrence D. Matthews sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $130.25, for a total value of $260,500.00. Following the transaction, the insider now owns 22,945 shares in the company, valued at approximately $2,988,586.25. The disclosure for this sale can be found here. In the last quarter, insiders have sold 175,740 shares of company stock worth $23,968,399. 3.51% of the stock is owned by corporate insiders.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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Earnings History for J.B. Hunt Transport Services (NASDAQ:JBHT)

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