J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) issued its quarterly earnings data on Thursday. The transportation company reported $1.82 EPS for the quarter, topping the consensus estimate of $1.81 by $0.01, FiscalAI reports. The company had revenue of $3.68 billion during the quarter, compared to analyst estimates of $3.59 billion. J.B. Hunt Transport Services had a return on equity of 18.75% and a net margin of 5.31%.
J.B. Hunt Transport Services Stock Performance
Shares of NASDAQ JBHT traded up $3.15 during trading on Thursday, hitting $235.31. The company had a trading volume of 1,246,320 shares, compared to its average volume of 1,013,741. J.B. Hunt Transport Services has a 12 month low of $157.82 and a 12 month high of $299.76. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.26 and a current ratio of 1.26. The firm has a market capitalization of $22.10 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 1.90 and a beta of 1.31. The stock has a 50 day simple moving average of $253.14 and a 200 day simple moving average of $259.06.
J.B. Hunt Transport Services Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a $0.45 dividend. The ex-dividend date was Friday, August 7th. This represents a $1.80 dividend on an annualized basis and a yield of 0.8%. J.B. Hunt Transport Services’s dividend payout ratio is presently 25.50%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the company. BMO Capital Markets set a $315.00 target price on J.B. Hunt Transport Services in a report on Wednesday, October 7th. Barclays cut their price target on J.B. Hunt Transport Services from $300.00 to $285.00 and set an “equal weight” rating for the company in a research note on Wednesday, September 16th. Zacks Research lowered shares of J.B. Hunt Transport Services from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 14th. TD Cowen lowered their price objective on shares of J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating on the stock in a research note on Monday, October 5th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of J.B. Hunt Transport Services from $313.00 to $287.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $276.08.
Check Out Our Latest Stock Report on J.B. Hunt Transport Services
J.B. Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and Johnelle Hunt, the company has grown from a small trucking operation into a major provider of freight transportation and supply-chain services across North America.
The company’s primary business activities include intermodal transportation, which combines rail and truck services; dedicated contract services, which provides customized fleet and delivery operations for individual customers; and integrated capacity solutions, including freight brokerage and third-party logistics.
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