J B Hunt Transport Services Inc (NASDAQ:JBHT) Expected to Announce Quarterly Sales of $2.29 Billion

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Analysts predict that J B Hunt Transport Services Inc (NASDAQ:JBHT) will post sales of $2.29 billion for the current quarter, according to Zacks. Six analysts have issued estimates for J B Hunt Transport Services’ earnings. The highest sales estimate is $2.37 billion and the lowest is $2.25 billion. J B Hunt Transport Services posted sales of $2.14 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 7%. The firm is expected to report its next earnings report after the market closes on Monday, July 15th.

On average, analysts expect that J B Hunt Transport Services will report full-year sales of $9.24 billion for the current fiscal year, with estimates ranging from $9.06 billion to $9.42 billion. For the next year, analysts anticipate that the company will post sales of $9.90 billion, with estimates ranging from $9.59 billion to $10.14 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow J B Hunt Transport Services.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings data on Monday, April 15th. The transportation company reported $1.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.25 by ($0.16). J B Hunt Transport Services had a net margin of 5.61% and a return on equity of 29.84%. The business had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.17 billion. During the same period in the previous year, the business earned $1.07 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis.

JBHT has been the subject of several research reports. Argus lifted their price target on QUALCOMM to $95.00 and gave the stock a “buy” rating in a report on Wednesday, April 17th. Barclays dropped their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating for the company in a report on Thursday, April 4th. UBS Group lifted their price target on Intact Financial from C$122.00 to C$133.00 in a report on Tuesday, June 18th. BMO Capital Markets reissued a “buy” rating and set a $50.00 price target on shares of Fortis in a report on Tuesday, April 16th. Finally, Credit Suisse Group lifted their price target on Stryker from $200.00 to $232.00 and gave the stock an “outperform” rating in a report on Thursday. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $110.10.

Shares of JBHT traded down $0.25 during mid-day trading on Thursday, reaching $87.38. The company’s stock had a trading volume of 87,109 shares, compared to its average volume of 1,069,268. J B Hunt Transport Services has a 1-year low of $83.64 and a 1-year high of $129.98. The stock has a market cap of $9.66 billion, a PE ratio of 15.41, a P/E/G ratio of 1.07 and a beta of 1.11. The business’s 50-day moving average price is $89.05. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58.

In related news, Director Gary Charles George bought 5,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, with a total value of $472,600.00. Following the acquisition, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider John N. Roberts bought 2,319 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were bought at an average cost of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now directly owns 288,739 shares in the company, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. Company insiders own 3.60% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in JBHT. FTB Advisors Inc. acquired a new position in J B Hunt Transport Services during the 1st quarter worth about $25,000. Somerset Trust Co lifted its stake in shares of J B Hunt Transport Services by 169.1% in the 1st quarter. Somerset Trust Co now owns 296 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 186 shares during the period. CSat Investment Advisory L.P. lifted its stake in shares of J B Hunt Transport Services by 116.0% in the 4th quarter. CSat Investment Advisory L.P. now owns 337 shares of the transportation company’s stock valued at $31,000 after purchasing an additional 181 shares during the period. Thor Advisors LLC acquired a new position in shares of J B Hunt Transport Services in the 1st quarter valued at about $35,000. Finally, Pearl River Capital LLC lifted its stake in shares of J B Hunt Transport Services by 267.0% in the 1st quarter. Pearl River Capital LLC now owns 668 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 486 shares during the period. 72.94% of the stock is currently owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

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 in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

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