J B Hunt Transport Services (NASDAQ:JBHT) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

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J B Hunt Transport Services (NASDAQ:JBHT) posted its earnings results on Monday. The transportation company reported $1.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12), RTT News reports. J B Hunt Transport Services had a net margin of 5.33% and a return on equity of 29.37%. The business had revenue of $2.26 billion for the quarter, compared to analysts’ expectations of $2.26 billion. During the same period last year, the firm posted $1.37 earnings per share. J B Hunt Transport Services’s quarterly revenue was up 5.7% on a year-over-year basis.

J B Hunt Transport Services stock opened at $97.73 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.58. The business has a fifty day moving average of $89.39. J B Hunt Transport Services has a 12 month low of $83.64 and a 12 month high of $127.93. The company has a market capitalization of $10.07 billion, a P/E ratio of 17.24, a price-to-earnings-growth ratio of 1.11 and a beta of 1.11.

In other J B Hunt Transport Services news, insider John N. Roberts purchased 2,319 shares of the stock in a transaction dated Tuesday, May 28th. The shares were purchased at an average cost of $86.23 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gary Charles George purchased 5,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were acquired at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares of the company’s stock, valued at $4,099,237.88. The disclosure for this purchase can be found here. Insiders own 3.60% of the company’s stock.

Large investors have recently made changes to their positions in the company. CWM Advisors LLC lifted its holdings in J B Hunt Transport Services by 19.4% in the second quarter. CWM Advisors LLC now owns 7,735 shares of the transportation company’s stock valued at $707,000 after acquiring an additional 1,259 shares during the period. IFM Investors Pty Ltd increased its position in J B Hunt Transport Services by 3.4% in the second quarter. IFM Investors Pty Ltd now owns 6,010 shares of the transportation company’s stock worth $549,000 after buying an additional 196 shares in the last quarter. Raymond James Trust N.A. increased its position in J B Hunt Transport Services by 19.0% in the second quarter. Raymond James Trust N.A. now owns 3,308 shares of the transportation company’s stock worth $303,000 after buying an additional 529 shares in the last quarter. Country Club Trust Company n.a. purchased a new stake in J B Hunt Transport Services in the second quarter worth about $306,000. Finally, NN Investment Partners Holdings N.V. purchased a new stake in J B Hunt Transport Services in the second quarter worth about $716,000. 72.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. UBS Group boosted their target price on Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Susquehanna Bancshares upped their price target on J B Hunt Transport Services from $110.00 to $114.00 in a research note on Tuesday. Barclays reduced their price target on Kansas City Southern from $130.00 to $128.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 4th. Stifel Nicolaus cut Tellurian from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Bank of America cut NIO from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $6.20 to $3.00 in a research note on Tuesday, May 28th. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $107.13.

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

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