J.B. Hunt Transport Services, Inc. (JBHT) to Issue Quarterly Dividend of $0.44 on November 21st

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) declared a quarterly dividend on Wednesday, October 22nd. Investors of record on Friday, November 7th will be paid a dividend of 0.44 per share by the transportation company on Friday, November 21st. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, November 7th.

J.B. Hunt Transport Services has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect J.B. Hunt Transport Services to earn $7.99 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 22.0%.

J.B. Hunt Transport Services Trading Down 1.1%

Shares of NASDAQ JBHT opened at $166.74 on Friday. The business’s 50 day moving average is $143.12 and its two-hundred day moving average is $141.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.87 and a quick ratio of 0.87. J.B. Hunt Transport Services has a 1-year low of $122.79 and a 1-year high of $200.40. The stock has a market capitalization of $16.14 billion, a P/E ratio of 28.90, a PEG ratio of 2.32 and a beta of 1.24.

J.B. Hunt Transport Services (NASDAQ:JBHT) last issued its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.30. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis. As a group, research analysts expect that J.B. Hunt Transport Services will post 6.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barclays upped their target price on J.B. Hunt Transport Services from $135.00 to $150.00 and gave the company an “equal weight” rating in a research report on Thursday, October 16th. Raymond James Financial increased their target price on shares of J.B. Hunt Transport Services from $165.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 14th. JPMorgan Chase & Co. increased their target price on shares of J.B. Hunt Transport Services from $170.00 to $176.00 and gave the stock an “overweight” rating in a research note on Thursday, October 16th. Stephens reissued an “overweight” rating and set a $180.00 target price on shares of J.B. Hunt Transport Services in a research note on Thursday, October 16th. Finally, UBS Group raised their price target on shares of J.B. Hunt Transport Services from $157.00 to $174.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $166.30.

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.