J.B. Hunt Transport Services (JBHT) Projected to Post Quarterly Earnings on Tuesday

J.B. Hunt Transport Services (NASDAQ:JBHT) is expected to be announcing its earnings results before the market opens on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $2.92 billion for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

J.B. Hunt Transport Services (NASDAQ:JBHT) last posted its quarterly earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09). The company had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. J.B. Hunt Transport Services had a return on equity of 14.05% and a net margin of 4.72%. The business’s quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 EPS. On average, analysts expect J.B. Hunt Transport Services to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

J.B. Hunt Transport Services Stock Down 1.9 %

Shares of NASDAQ:JBHT opened at $132.07 on Tuesday. The company has a current ratio of 1.03, a quick ratio of 0.94 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $158.62 and a two-hundred day simple moving average of $170.96. J.B. Hunt Transport Services has a 12-month low of $127.35 and a 12-month high of $200.40. The stock has a market capitalization of $13.21 billion, a price-to-earnings ratio of 23.75, a PEG ratio of 1.61 and a beta of 1.27.

J.B. Hunt Transport Services Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 1.33%. The ex-dividend date was Friday, February 7th. This is a positive change from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s payout ratio is currently 31.65%.

Wall Street Analysts Forecast Growth

JBHT has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of J.B. Hunt Transport Services from $205.00 to $200.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Raymond James reduced their price target on shares of J.B. Hunt Transport Services from $200.00 to $190.00 and set an “outperform” rating for the company in a research report on Tuesday, January 21st. Benchmark lowered their price objective on J.B. Hunt Transport Services from $195.00 to $175.00 and set a “buy” rating on the stock in a research report on Tuesday, April 1st. Barclays reduced their target price on J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a report on Wednesday, April 2nd. Finally, Truist Financial assumed coverage on J.B. Hunt Transport Services in a report on Thursday, March 13th. They set a “hold” rating and a $165.00 price target on the stock. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has an average rating of “Moderate Buy” and an average price target of $181.55.

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Darren P. Field sold 1,200 shares of the stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $161.67, for a total value of $194,004.00. Following the completion of the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James K. Thompson sold 4,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. The trade was a 15.74 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.30% of the company’s stock.

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.