Q4 2019 Earnings Forecast for J B Hunt Transport Services Inc Issued By KeyCorp (NASDAQ:JBHT)

J B Hunt Transport Services Inc (NASDAQ:JBHT) – Investment analysts at KeyCorp decreased their Q4 2019 earnings per share estimates for shares of J B Hunt Transport Services in a research note issued to investors on Tuesday, October 15th. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $1.53 per share for the quarter, down from their previous estimate of $1.59. KeyCorp also issued estimates for J B Hunt Transport Services’ FY2020 earnings at $6.00 EPS.

Other equities research analysts have also recently issued research reports about the company. UBS Group lifted their price target on J B Hunt Transport Services from $98.00 to $114.00 and gave the company a “neutral” rating in a report on Wednesday. Stephens set a $124.00 price target on J B Hunt Transport Services and gave the company a “buy” rating in a report on Friday, September 27th. Knight Equity cut J B Hunt Transport Services from a “top pick” rating to a “neutral” rating and cut their price target for the company from $124.00 to $119.00 in a report on Tuesday, October 8th. They noted that the move was a valuation call. ValuEngine cut J B Hunt Transport Services from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $106.00 price target (up previously from $101.00) on shares of J B Hunt Transport Services in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and four have issued a buy rating to the stock. J B Hunt Transport Services has a consensus rating of “Hold” and a consensus target price of $110.18.

JBHT opened at $115.58 on Friday. The business’s 50 day moving average is $111.26 and its 200-day moving average is $99.70. The stock has a market cap of $11.92 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 1.35 and a beta of 1.14. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.64. J B Hunt Transport Services has a twelve month low of $83.64 and a twelve month high of $117.25.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.45 by ($0.05). The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. J B Hunt Transport Services had a net margin of 5.46% and a return on equity of 28.61%. The business’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm posted $1.47 EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be issued a dividend of $0.26 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.04 annualized dividend and a yield of 0.90%. J B Hunt Transport Services’s payout ratio is 18.34%.

In related news, CMO Shelley Simpson sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $100.75, for a total transaction of $503,750.00. Following the sale, the chief marketing officer now owns 67,809 shares of the company’s stock, valued at $6,831,756.75. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO David G. Mee sold 6,141 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $103.82, for a total value of $637,558.62. Following the sale, the chief financial officer now directly owns 117,291 shares in the company, valued at approximately $12,177,151.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 79,926 shares of company stock worth $8,658,177. 3.60% of the stock is owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of the business. Stephens Investment Management Group LLC grew its position in J B Hunt Transport Services by 15.7% in the third quarter. Stephens Investment Management Group LLC now owns 203,655 shares of the transportation company’s stock worth $22,534,000 after buying an additional 27,635 shares during the last quarter. Commerzbank Aktiengesellschaft FI grew its position in J B Hunt Transport Services by 25.7% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 3,894 shares of the transportation company’s stock worth $431,000 after buying an additional 796 shares during the last quarter. Enlightenment Research LLC acquired a new position in J B Hunt Transport Services in the third quarter worth approximately $210,000. Advisor Partners LLC acquired a new position in J B Hunt Transport Services in the third quarter worth approximately $273,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its position in J B Hunt Transport Services by 20.1% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 5,315 shares of the transportation company’s stock worth $588,000 after buying an additional 888 shares during the last quarter. Hedge funds and other institutional investors own 73.84% of the company’s stock.

J B Hunt Transport Services Company Profile

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 and Estimates for J B Hunt Transport Services (NASDAQ:JBHT)

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