J B Hunt Transport Services Inc (NASDAQ:JBHT) Expected to Announce Quarterly Sales of $2.32 Billion

Cristopher Centers

Equities analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will report $2.32 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for J B Hunt Transport Services’ earnings, with the highest sales estimate coming in at $2.39 billion and the lowest […]

J B Hunt Transport Services logoEquities analysts forecast that J B Hunt Transport Services Inc (NASDAQ:JBHT) will report $2.32 billion in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for J B Hunt Transport Services’ earnings, with the highest sales estimate coming in at $2.39 billion and the lowest estimate coming in at $2.26 billion. J B Hunt Transport Services posted sales of $2.36 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 1.7%. The company is scheduled to issue its next earnings results on Tuesday, October 20th.

According to Zacks, analysts expect that J B Hunt Transport Services will report full-year sales of $9.21 billion for the current year, with estimates ranging from $9.02 billion to $9.41 billion. For the next fiscal year, analysts anticipate that the company will report sales of $9.88 billion, with estimates ranging from $9.38 billion to $10.12 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Thursday, July 16th. The transportation company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.31. J B Hunt Transport Services had a return on equity of 22.88% and a net margin of 5.65%. The company had revenue of $2.15 billion during the quarter, compared to the consensus estimate of $2.06 billion. During the same period in the prior year, the company earned $1.37 earnings per share.

A number of analysts recently issued reports on JBHT shares. Barclays increased their target price on J B Hunt Transport Services from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Robert W. Baird increased their price objective on shares of 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. Wells Fargo & Company initiated coverage on J B Hunt Transport Services in a report on Wednesday, September 23rd. They set an “overweight” rating and a $155.00 target price for the company. Credit Suisse Group increased their target price on J B Hunt Transport Services from $122.00 to $138.00 and gave the stock a “neutral” rating in a report on Friday, July 17th. Finally, Argus increased their target price on J B Hunt Transport Services from $115.00 to $155.00 and gave the stock a “buy” rating in a report on Monday, July 20th. Fifteen investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. J B Hunt Transport Services presently has an average rating of “Hold” and a consensus price target of $133.95.

NASDAQ JBHT opened at $125.21 on Friday. The business has a 50 day simple moving average of $136.01 and a 200 day simple moving average of $117.31. J B Hunt Transport Services has a 52-week low of $75.29 and a 52-week high of $144.35. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $13.21 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.86 and a beta of 0.97.

In other J B Hunt Transport Services news, EVP Bradley W. Hicks sold 2,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $142.80, for a total transaction of $285,600.00. Also, insider Terrence D. Matthews sold 1,000 shares of J B Hunt Transport Services stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $141.00, for a total transaction of $141,000.00. Insiders have sold 175,740 shares of company stock valued at $23,968,399 in the last quarter. 3.51% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the stock. Bank of Nova Scotia boosted its holdings in shares of J B Hunt Transport Services by 36.1% during the 2nd quarter. Bank of Nova Scotia now owns 14,297 shares of the transportation company’s stock worth $1,720,000 after buying an additional 3,792 shares during the period. Advisor Group Holdings Inc. bought a new stake in J B Hunt Transport Services in the 1st quarter valued at $2,329,000. Nissay Asset Management Corp Japan ADV boosted its stake in J B Hunt Transport Services by 11.5% in the 2nd quarter. Nissay Asset Management Corp Japan ADV now owns 9,192 shares of the transportation company’s stock valued at $1,106,000 after purchasing an additional 948 shares during the period. State of Alaska Department of Revenue boosted its stake in J B Hunt Transport Services by 6.1% in the 2nd quarter. State of Alaska Department of Revenue now owns 53,942 shares of the transportation company’s stock valued at $6,491,000 after purchasing an additional 3,079 shares during the period. Finally, BBVA USA Bancshares Inc. bought a new stake in shares of J B Hunt Transport Services in the second quarter valued at about $225,000. 73.39% of the stock is owned by institutional investors and hedge funds.

About J B Hunt Transport Services

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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