J.B. Hunt Transport Services (NASDAQ:JBHT) posted its earnings results on Monday. The transportation company reported $1.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.14, RTT News reports. The company had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.57 billion. J.B. Hunt Transport Services had a net margin of 5.31% and a return on equity of 21.07%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share.
Shares of JBHT stock traded up $1.45 during mid-day trading on Wednesday, reaching $149.97. The company’s stock had a trading volume of 79,130 shares, compared to its average volume of 762,651. J.B. Hunt Transport Services has a 1-year low of $75.29 and a 1-year high of $156.74. The company has a market cap of $15.85 billion, a P/E ratio of 31.94, a PEG ratio of 1.66 and a beta of 1.00. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.58 and a current ratio of 1.58. The firm’s 50-day moving average is $140.90 and its two-hundred day moving average is $134.12.
Several research firms have commented on JBHT. Wells Fargo & Company boosted their target price on shares of J.B. Hunt Transport Services from $152.00 to $167.00 and gave the stock an “overweight” rating in a research report on Wednesday. Smith Barney Citigroup raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $150.00 to $165.00 in a report on Wednesday, January 6th. UBS Group decreased their price objective on shares of J.B. Hunt Transport Services from $140.00 to $138.00 and set a “neutral” rating for the company in a report on Monday, October 19th. 140166 raised shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $148.00 to $151.00 in a report on Friday, October 2nd. Finally, Credit Suisse Group raised shares of J.B. Hunt Transport Services from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $131.00 to $175.00 in a report on Tuesday. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $146.74.
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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