Trading Report: The KeyCorp Equities Analysts Decrease Earnings Estimates for JB Hunt Transport Services Inc. (JBHT)

The KeyCorp Equities Analysts Decrease Earnings Estimates for JB Hunt Transport Services Inc. (JBHT)

JB Hunt Transport Services Inc. (NASDAQ:JBHT) – Investment analysts at KeyCorp reduced their Q3 2016 earnings estimates for shares of JB Hunt Transport Services in a research report issued to clients and investors on Thursday. KeyCorp analyst T. Fowler now expects that the firm will post earnings of $1.01 per share for the quarter, down from their previous estimate of $1.05. KeyCorp currently has a “Buy” rating and a $92.00 target price on the stock. KeyCorp also issued estimates for JB Hunt Transport Services’ Q4 2016 earnings at $1.09 EPS, FY2016 earnings at $3.90 EPS and FY2017 earnings at $4.25 EPS.

Other equities research analysts have also issued research reports about the stock. Wells Fargo & Co. reiterated a “buy” rating and issued a $95.00 price objective on shares of JB Hunt Transport Services in a research note on Monday, July 18th. BB&T Corp. reiterated a “buy” rating and issued a $93.00 price objective on shares of JB Hunt Transport Services in a research note on Thursday, July 7th. Buckingham Research upgraded shares of JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a research note on Tuesday, July 26th. Zacks Investment Research upgraded shares of JB Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Tuesday, August 30th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $84.00 price objective (down previously from $88.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.29.

Shares of JB Hunt Transport Services (NASDAQ:JBHT) opened at 80.75 on Monday. JB Hunt Transport Services has a 52-week low of $63.58 and a 52-week high of $89.43. The stock has a 50 day moving average of $80.56 and a 200-day moving average of $82.20. The firm has a market capitalization of $9.10 billion, a P/E ratio of 21.22 and a beta of 0.92.

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JB Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, July 18th. The company reported $0.92 earnings per share for the quarter, missing analysts’ consensus estimates 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 in the previous year, the firm posted $0.88 earnings per share. The firm’s quarterly revenue was up 5.2% on a year-over-year basis.

In other JB Hunt Transport Services news, Chairman James K. Thompson sold 20,000 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $81.18, for a total value of $1,623,600.00. Following the sale, the chairman now directly owns 67,921 shares in the company, valued at approximately $5,513,826.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Nicholas Hobbs sold 1,201 shares of the stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $83.30, for a total transaction of $100,043.30. Following the completion of the sale, the executive vice president now owns 49,474 shares in the company, valued at $4,121,184.20. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Societe Generale bought a new stake in JB Hunt Transport Services during the second quarter valued at $111,000. Pacer Advisors Inc. boosted its stake in JB Hunt Transport Services by 16.9% in the second quarter. Pacer Advisors Inc. now owns 1,685 shares of the company’s stock valued at $136,000 after buying an additional 243 shares during the period. Investment Counselors of Maryland LLC boosted its stake in JB Hunt Transport Services by 17.0% in the second quarter. Investment Counselors of Maryland LLC now owns 2,211 shares of the company’s stock valued at $179,000 after buying an additional 321 shares during the period. Creative Planning boosted its stake in JB Hunt Transport Services by 350.0% in the second quarter. Creative Planning now owns 2,340 shares of the company’s stock valued at $189,000 after buying an additional 1,820 shares during the period. Finally, Independent Portfolio Consultants Inc. boosted its stake in JB Hunt Transport Services by 40.1% in the second quarter. Independent Portfolio Consultants Inc. now owns 2,395 shares of the company’s stock valued at $194,000 after buying an additional 685 shares during the period. Institutional investors and hedge funds own 71.59% of the company’s stock.

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