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

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) issued its quarterly earnings results on Thursday. The transportation company reported $1.53 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.09), Briefing.com reports. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the company posted $1.47 EPS. The company's quarterly revenue was down 4.5% on a year-over-year basis.

J.B. Hunt Transport Services Stock Down 0.1 %

Shares of JBHT stock traded down $0.21 on Thursday, hitting $186.34. The stock had a trading volume of 1,488,468 shares, compared to its average volume of 787,856. J.B. Hunt Transport Services has a 12-month low of $153.12 and a 12-month high of $219.51. The stock has a market cap of $18.79 billion, a price-to-earnings ratio of 33.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. The business has a 50 day moving average of $180.51 and a 200 day moving average of $173.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 0.94.

Analysts Set New Price Targets

Several analysts recently commented on JBHT shares. Susquehanna upgraded J.B. Hunt Transport Services from a "neutral" rating to a "positive" rating and set a $200.00 target price on the stock in a report on Friday, January 3rd. Benchmark reaffirmed a "buy" rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Raymond James boosted their target price on shares of J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an "outperform" rating in a report on Friday, January 10th. Stephens reiterated an "overweight" rating and set a $195.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. Finally, Citigroup lifted their price objective on J.B. Hunt Transport Services from $204.00 to $227.00 and gave the stock a "buy" rating in a research report on Tuesday, November 12th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services currently has an average rating of "Moderate Buy" and an average price target of $192.33.

Insider Buying and Selling at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 145 shares of J.B. Hunt Transport Services stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $182.72, for a total value of $26,494.40. Following the sale, the executive vice president now owns 700 shares of the company's stock, valued at approximately $127,904. The trade was a 17.16 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Shelley Simpson sold 6,000 shares of the business's stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of $183.47, for a total transaction of $1,100,820.00. Following the completion of the transaction, the chief executive officer now owns 82,264 shares in the company, valued at approximately $15,092,976.08. The trade was a 6.80 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,459 shares of company stock worth $2,136,277. Insiders own 2.10% of the company's stock.

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.

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