J.B. Hunt Transport Services (JBHT) Expected to Announce Quarterly Earnings on Tuesday

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) is projected to issue its quarterly earnings data after the market closes on Tuesday, April 15th. Analysts expect the company to announce earnings of $1.19 per share and revenue of $2.92 billion for the quarter. Parties interested in registering for the company's conference call can do so using this link.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last released its earnings results on Thursday, January 16th. The transportation company reported $1.53 earnings per share for the quarter, missing analysts' consensus estimates of $1.62 by ($0.09). J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%. The firm had revenue of $3.15 billion for the quarter, compared to analysts' expectations of $3.13 billion. During the same quarter last year, the firm posted $1.47 EPS. The firm's quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts expect J.B. Hunt Transport Services to post $6 EPS for the current fiscal year and $8 EPS for the next fiscal year.

J.B. Hunt Transport Services Price Performance

JBHT stock traded down $1.46 during trading on Friday, reaching $132.88. The company's stock had a trading volume of 1,976,773 shares, compared to its average volume of 938,134. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The company's fifty day moving average is $154.30 and its 200-day moving average is $169.45. The company has a market capitalization of $13.29 billion, a P/E ratio of 23.90, a price-to-earnings-growth ratio of 1.61 and a beta of 1.27. J.B. Hunt Transport Services has a 1 year low of $127.05 and a 1 year high of $200.40.

J.B. Hunt Transport Services Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $0.44 per share. The ex-dividend date was Friday, February 7th. This represents a $1.76 annualized dividend and a dividend yield of 1.32%. This is a boost from J.B. Hunt Transport Services's previous quarterly dividend of $0.43. J.B. Hunt Transport Services's dividend payout ratio (DPR) is currently 31.65%.

Analyst Ratings Changes

A number of brokerages recently weighed in on JBHT. Citigroup dropped their target price on shares of J.B. Hunt Transport Services from $193.00 to $164.00 and set a "buy" rating for the company in a research report on Tuesday. Wells Fargo & Company cut their price target on J.B. Hunt Transport Services from $190.00 to $170.00 and set an "overweight" rating for the company in a report on Thursday, March 27th. The Goldman Sachs Group reduced their price objective on J.B. Hunt Transport Services from $188.00 to $166.00 and set a "buy" rating on the stock in a research note on Thursday. Truist Financial initiated coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a "hold" rating and a $165.00 price objective for the company. Finally, Benchmark decreased their target price on shares of J.B. Hunt Transport Services from $195.00 to $175.00 and set a "buy" rating on the stock in a research report on Tuesday, April 1st. Nine research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $177.70.

Insider Activity at J.B. Hunt Transport Services

In other news, Director James K. Thompson sold 4,400 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 23,559 shares in the company, valued at approximately $4,131,541.83. This trade represents a 15.74 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Darren P. Field sold 1,200 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $161.67, for a total transaction of $194,004.00. Following the completion of the transaction, the executive vice president now directly owns 17,822 shares of the company's stock, valued at $2,881,282.74. This trade represents a 6.31 % decrease in their position. The disclosure for this sale can be found here. 2.30% of the stock is owned by company insiders.

About J.B. Hunt Transport Services

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.