Zacks Research Has Negative Outlook of JBHT FY2024 Earnings

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) - Equities research analysts at Zacks Research lowered their FY2024 earnings per share estimates for J.B. Hunt Transport Services in a research note issued to investors on Tuesday, October 29th. Zacks Research analyst S. Goswami now forecasts that the transportation company will post earnings of $5.70 per share for the year, down from their previous estimate of $5.73. The consensus estimate for J.B. Hunt Transport Services' current full-year earnings is $5.69 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services' Q4 2024 earnings at $1.67 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.92 EPS, Q4 2025 earnings at $2.08 EPS, FY2025 earnings at $7.25 EPS, Q1 2026 earnings at $2.07 EPS, Q2 2026 earnings at $2.08 EPS, Q3 2026 earnings at $2.17 EPS and FY2026 earnings at $8.72 EPS.

J.B. Hunt Transport Services (NASDAQ:JBHT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.07. The company had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the prior year, the firm earned $1.80 earnings per share.

Several other equities research analysts have also recently weighed in on JBHT. Evercore ISI upped their price target on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 16th. Stephens reaffirmed an "overweight" rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. Barclays upped their price target on J.B. Hunt Transport Services from $160.00 to $175.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 16th. TD Cowen increased their target price on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the stock a "hold" rating in a research note on Wednesday, October 16th. Finally, Bank of America increased their target price on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, J.B. Hunt Transport Services has an average rating of "Moderate Buy" and an average target price of $187.56.

J.B. Hunt Transport Services Stock Down 0.7 %

JBHT stock traded down $1.26 during midday trading on Thursday, hitting $180.62. The stock had a trading volume of 1,184,926 shares, compared to its average volume of 859,115. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15. The business has a 50-day moving average of $172.26 and a two-hundred day moving average of $166.76. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21.

Institutional Trading of J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC purchased a new position in J.B. Hunt Transport Services during the 3rd quarter valued at approximately $26,000. Versant Capital Management Inc grew its holdings in J.B. Hunt Transport Services by 382.1% during the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company's stock valued at $30,000 after buying an additional 149 shares in the last quarter. Innealta Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $31,000. nVerses Capital LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $32,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in J.B. Hunt Transport Services during the 2nd quarter valued at approximately $36,000. Hedge funds and other institutional investors own 74.95% of the company's stock.

Insider Activity

In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $175.03, for a total value of $525,090.00. Following the transaction, the executive vice president now owns 14,150 shares of the company's stock, valued at approximately $2,476,674.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company's stock.

J.B. Hunt Transport Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services's payout ratio is currently 31.27%.

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.