J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results, Misses Estimates By $0.09 EPS

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09), Briefing.com reports. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion during the quarter, compared to analysts’ expectations of $3.13 billion. During the same quarter in the previous year, the company posted $1.47 EPS. The company’s quarterly revenue was down 4.5% on a year-over-year basis.

J.B. Hunt Transport Services Stock Down 7.4 %

Shares of NASDAQ:JBHT opened at $172.45 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94. The business has a 50 day simple moving average of $180.08 and a two-hundred day simple moving average of $173.85. J.B. Hunt Transport Services has a 1 year low of $153.12 and a 1 year high of $219.51. The firm has a market capitalization of $17.39 billion, a PE ratio of 31.35, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16.

Wall Street Analysts Forecast Growth

JBHT has been the subject of several research analyst reports. Barclays increased their target price on J.B. Hunt Transport Services from $175.00 to $195.00 and gave the stock an “equal weight” rating in a research report on Wednesday, November 13th. Evercore ISI reduced their price objective on shares of J.B. Hunt Transport Services from $207.00 to $202.00 and set an “outperform” rating on the stock in a research report on Friday. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research report on Friday, January 3rd. Bank of America lifted their price target on shares of J.B. Hunt Transport Services from $195.00 to $206.00 and gave the company a “buy” rating in a report on Thursday. Finally, Raymond James raised their price objective on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $191.67.

Read Our Latest Stock Report on J.B. Hunt Transport Services

Insider Buying and Selling

In related news, EVP Spencer Frazier sold 2,200 shares of the business’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $194.21, for a total value of $427,262.00. Following the completion of the sale, the executive vice president now owns 4,050 shares in the company, valued at approximately $786,550.50. The trade was a 35.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 sale, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. This trade represents a 10.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 11,459 shares of company stock valued at $2,136,277. Insiders own 2.10% of the company’s stock.

About J.B. Hunt Transport Services

(Get Free Report)

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.

Read More

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

Receive News & Ratings for J.B. Hunt Transport Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J.B. Hunt Transport Services and related companies with MarketBeat.com's FREE daily email newsletter.