Zacks Research Has Negative Outlook for JBHT FY2024 Earnings

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Analysts at Zacks Research reduced their FY2024 earnings per share estimates for shares of J.B. Hunt Transport Services in a research report issued to clients and investors on Tuesday, October 29th. Zacks Research analyst S. Goswami now expects that the transportation company will earn $5.70 per share for the year, down from their prior estimate of $5.73. The consensus estimate for J.B. Hunt Transport Services’ current full-year earnings is $5.68 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services’ Q4 2024 earnings at $1.67 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.92 EPS, Q4 2025 earnings at $2.08 EPS, FY2025 earnings at $7.25 EPS, Q1 2026 earnings at $2.07 EPS, Q2 2026 earnings at $2.08 EPS, Q3 2026 earnings at $2.17 EPS and FY2026 earnings at $8.72 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period last year, the firm posted $1.80 EPS.

Other equities analysts have also recently issued reports about the company. Morgan Stanley decreased their price objective on J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating on the stock in a report on Monday, July 8th. Citigroup initiated coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They issued a “buy” rating and a $201.00 price target on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. The Goldman Sachs Group cut their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Finally, Barclays upped their price target on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Seven research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.56.

J.B. Hunt Transport Services Stock Up 0.2 %

Shares of NASDAQ JBHT opened at $180.96 on Thursday. The business has a 50-day simple moving average of $172.34 and a two-hundred day simple moving average of $166.73. J.B. Hunt Transport Services has a 52 week low of $153.12 and a 52 week high of $219.51. The company has a market cap of $18.25 billion, a P/E ratio of 32.90, a P/E/G ratio of 3.12 and a beta of 1.15. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

Institutional Investors Weigh In On J.B. Hunt Transport Services

A number of hedge funds have recently made changes to their positions in JBHT. Catalyst Capital Advisors LLC bought a new stake in J.B. Hunt Transport Services during the 3rd quarter valued at $26,000. Versant Capital Management Inc lifted its holdings in J.B. Hunt Transport Services by 382.1% during the second quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 149 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $31,000. nVerses Capital LLC bought a new stake in shares of J.B. Hunt Transport Services during the second quarter valued at about $32,000. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of J.B. Hunt Transport Services in the second quarter worth approximately $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the sale, the executive vice president now owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total transaction of $275,250.00. Following the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares of the company’s stock, valued at $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is currently owned by company insiders.

J.B. Hunt Transport Services Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.43 per share. The ex-dividend date is Friday, November 8th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. J.B. Hunt Transport Services’s dividend payout ratio is presently 31.27%.

J.B. Hunt Transport Services Company Profile

J.B. Hunt Transport Services, Inc provides surface transportation, delivery, and logistic services in the United States. 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.