Todays Report: The JB Hunt Transport Services Inc. (JBHT) Set to Announce Quarterly Earnings on Monday

The JB Hunt Transport Services Inc. (JBHT) Set to Announce Quarterly Earnings on Monday

JB Hunt Transport Services Inc. (NASDAQ:JBHT) is scheduled to be issuing its quarterly earnings data before the market opens on Monday, October 17th. Analysts expect the company to announce earnings of $1.03 per share for the quarter.

JB Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 18th. The company reported $0.92 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.97 by $0.05. JB Hunt Transport Services had a net margin of 6.88% and a return on equity of 33.52%. The business earned $1.62 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter last year, the company posted $0.88 earnings per share. The company’s revenue was up 5.2% on a year-over-year basis. On average, analysts expect JB Hunt Transport Services to post $3.91 EPS for the current fiscal year and $4.37 EPS for the next fiscal year.

JB Hunt Transport Services Inc. (NASDAQ:JBHT) traded up 0.594% during trading on Friday, hitting $80.405. 849,894 shares of the company traded hands. The company has a market capitalization of $9.06 billion, a P/E ratio of 21.131 and a beta of 0.92. JB Hunt Transport Services Inc. has a 12-month low of $63.58 and a 12-month high of $89.43. The stock has a 50 day moving average price of $80.40 and a 200 day moving average price of $82.09.

In other news, EVP Terrence D. Matthews sold 18,122 shares of the business’s stock in a transaction dated Thursday, July 21st. The stock was sold at an average price of $81.50, for a total transaction of $1,476,943.00. Following the completion of the transaction, the executive vice president now owns 4,252 shares of the company’s stock, valued at $346,538. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Earl Wayne Garrison sold 50,000 shares of the business’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $84.04, for a total value of $4,202,000.00. Following the transaction, the director now directly owns 2,350,000 shares of the company’s stock, valued at approximately $197,494,000. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of JBHT. BlueMountain Capital Management LLC raised its position in shares of JB Hunt Transport Services by 20.5% in the second quarter. BlueMountain Capital Management LLC now owns 8,740 shares of the company’s stock valued at $707,000 after buying an additional 1,486 shares during the last quarter. Lebenthal Asset Management LLC acquired a new position in shares of JB Hunt Transport Services during the second quarter valued at approximately $2,309,000. Gideon Capital Advisors Inc. acquired a new position in shares of JB Hunt Transport Services during the second quarter valued at approximately $256,000. Sei Investments Co. raised its position in shares of JB Hunt Transport Services by 1.1% in the second quarter. Sei Investments Co. now owns 101,195 shares of the company’s stock valued at $8,190,000 after buying an additional 1,114 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of JB Hunt Transport Services by 16.6% in the second quarter. Public Sector Pension Investment Board now owns 16,900 shares of the company’s stock valued at $1,368,000 after buying an additional 2,400 shares during the last quarter. 71.59% of the stock is owned by institutional investors.

JBHT has been the subject of several research reports. Wells Fargo & Co. reissued a “buy” rating and issued a $95.00 price target on shares of JB Hunt Transport Services in a research report on Monday, July 18th. BB&T Corp. reaffirmed a “buy” rating and set a $93.00 price objective on shares of JB Hunt Transport Services in a report on Thursday, July 7th. Buckingham Research raised shares of JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday, July 26th. KeyCorp reaffirmed a “buy” rating and set a $92.00 price objective on shares of JB Hunt Transport Services in a report on Sunday, October 9th. Finally, Zacks Investment Research raised shares of JB Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Tuesday, August 30th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $91.29.

JB Hunt Transport Services Company Profile

Related posts

Leave a Comment