Analysts expect J. B. Hunt (NASDAQ:JBHT) to announce sales of $2.03 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for J. B. Hunt’s earnings. The highest sales estimate is $2.08 billion and the lowest is $2.00 billion. J. B. Hunt posted sales of $1.73 billion during the same quarter last year, which would indicate a positive year over year growth rate of 17.3%. The firm is scheduled to issue its next earnings results on Monday, July 16th.
On average, analysts expect that J. B. Hunt will report full year sales of $8.32 billion for the current financial year, with estimates ranging from $8.21 billion to $8.48 billion. For the next year, analysts expect that the company will report sales of $9.14 billion per share, with estimates ranging from $8.97 billion to $9.30 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for J. B. Hunt.
J. B. Hunt (NASDAQ:JBHT) last announced its quarterly earnings results on Monday, April 16th. The transportation company reported $1.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.07. J. B. Hunt had a net margin of 9.35% and a return on equity of 25.90%. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company’s revenue for the quarter was up 19.6% compared to the same quarter last year.
Several equities research analysts recently weighed in on the stock. BidaskClub downgraded shares of J. B. Hunt from a “strong-buy” rating to a “buy” rating in a report on Saturday, April 7th. Zacks Investment Research raised shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $129.00 price objective for the company in a report on Tuesday, April 3rd. Deutsche Bank raised shares of J. B. Hunt from a “hold” rating to a “buy” rating and set a $141.00 price objective for the company in a report on Monday, April 2nd. Stifel Nicolaus assumed coverage on shares of J. B. Hunt in a report on Friday, April 6th. They issued a “hold” rating and a $119.00 price objective for the company. Finally, BMO Capital Markets upped their price objective on shares of J. B. Hunt from $125.00 to $127.00 and gave the stock a “market perform” rating in a report on Tuesday, April 17th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and eleven have given a buy rating to the company. J. B. Hunt currently has an average rating of “Hold” and a consensus price target of $124.50.
Shares of J. B. Hunt traded down $1.42, hitting $123.23, during midday trading on Friday, according to MarketBeat.com. 28,873 shares of the stock traded hands, compared to its average volume of 855,344. J. B. Hunt has a 1-year low of $84.08 and a 1-year high of $129.74. The company has a market cap of $14.06 billion, a price-to-earnings ratio of 33.04, a price-to-earnings-growth ratio of 1.91 and a beta of 0.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.13 and a current ratio of 1.13.
The firm also recently announced a quarterly dividend, which was paid on Friday, May 18th. Stockholders of record on Friday, May 4th were issued a $0.24 dividend. The ex-dividend date of this dividend was Thursday, May 3rd. This represents a $0.96 dividend on an annualized basis and a dividend yield of 0.78%. J. B. Hunt’s dividend payout ratio is 25.67%.
In other news, Director Earl Wayne Garrison sold 100,000 shares of the company’s stock in a transaction dated Wednesday, May 9th. The stock was sold at an average price of $120.54, for a total value of $12,054,000.00. Following the transaction, the director now owns 1,870,000 shares in the company, valued at approximately $225,409,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Johnnie B. Hunt, Jr. sold 2,328 shares of the business’s stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $121.00, for a total value of $281,688.00. Following the completion of the sale, the director now directly owns 70,697 shares of the company’s stock, valued at approximately $8,554,337. The disclosure for this sale can be found here. Insiders sold a total of 204,128 shares of company stock worth $25,176,645 in the last quarter. 4.20% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assetmark Inc. grew its stake in shares of J. B. Hunt by 422.9% in the 4th quarter. Assetmark Inc. now owns 1,574 shares of the transportation company’s stock valued at $181,000 after buying an additional 1,273 shares in the last quarter. Advisory Services Network LLC grew its stake in shares of J. B. Hunt by 2,190.7% in the 4th quarter. Advisory Services Network LLC now owns 2,222 shares of the transportation company’s stock valued at $255,000 after buying an additional 2,125 shares in the last quarter. Driehaus Capital Management LLC bought a new stake in shares of J. B. Hunt in the 4th quarter valued at approximately $276,000. Tower Research Capital LLC TRC grew its stake in shares of J. B. Hunt by 312.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 2,758 shares of the transportation company’s stock valued at $317,000 after buying an additional 2,089 shares in the last quarter. Finally, OLD Mission Capital LLC bought a new stake in shares of J. B. Hunt in the 4th quarter valued at approximately $347,000. 74.78% of the stock is owned by institutional investors and hedge funds.
About J. B. Hunt
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 through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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