J.B. Hunt Transport Services (NASDAQ:JBHT) Releases Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT) issued its quarterly earnings data on Tuesday. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02, Zacks reports. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%.

J.B. Hunt Transport Services Trading Down 2.0 %

Shares of NASDAQ:JBHT opened at $135.11 on Wednesday. J.B. Hunt Transport Services has a 1 year low of $126.15 and a 1 year high of $200.40. The stock’s fifty day moving average price is $152.97 and its 200-day moving average price is $168.96. The company has a market cap of $13.51 billion, a P/E ratio of 24.30, a PEG ratio of 1.61 and a beta of 1.27. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.03 and a quick ratio of 0.94.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 1.30%. This is an increase from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. The ex-dividend date was Friday, February 7th. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.65%.

Analyst Ratings Changes

A number of research analysts have commented on JBHT shares. Susquehanna lowered J.B. Hunt Transport Services from a “positive” rating to a “neutral” rating and lowered their price target for the company from $200.00 to $165.00 in a research report on Wednesday, March 26th. 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 target price for the company. Stifel Nicolaus cut their price target on shares of J.B. Hunt Transport Services from $174.00 to $158.00 and set a “hold” rating on the stock in a report on Monday. Stephens decreased their price objective on shares of J.B. Hunt Transport Services from $170.00 to $165.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, TD Cowen cut their target price on shares of J.B. Hunt Transport Services from $160.00 to $140.00 and set a “hold” rating on the stock in a research note on Wednesday. Nine equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $174.00.

Insiders Place Their Bets

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 transaction of $194,004.00. Following the transaction, the executive vice president now owns 17,822 shares in the company, valued at $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James K. Thompson sold 4,400 shares of the business’s stock in a transaction on Tuesday, January 21st. The shares were 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 of the company’s stock, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.30% of the stock is owned by insiders.

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.