J.B. Hunt Transport Services (NASDAQ:JBHT) Releases Earnings Results, Beats Estimates By $0.02 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) posted its quarterly earnings results on Tuesday. The transportation company reported $1.17 EPS for the quarter, beating the consensus estimate of $1.15 by $0.02, Zacks reports. The business had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.92 billion. J.B. Hunt Transport Services had a net margin of 4.72% and a return on equity of 14.05%.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $124.73 on Thursday. J.B. Hunt Transport Services has a 52-week low of $122.79 and a 52-week high of $200.40. The company has a quick ratio of 0.94, a current ratio of 1.03 and a debt-to-equity ratio of 0.24. The firm has a market cap of $12.47 billion, a P/E ratio of 22.43, a PEG ratio of 1.61 and a beta of 1.27. The business’s 50-day moving average price is $152.14 and its 200 day moving average price is $168.65.

J.B. Hunt Transport Services Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $1.76 annualized dividend and a yield of 1.41%. This is a boost from J.B. Hunt Transport Services’s previous quarterly dividend of $0.43. J.B. Hunt Transport Services’s dividend payout ratio (DPR) is currently 31.94%.

Insider Activity

In other news, Director James K. Thompson sold 4,400 shares of the stock in a transaction on Tuesday, January 21st. The stock was sold at an average price of $175.37, for a total transaction of $771,628.00. Following the completion of the sale, the director now owns 23,559 shares in the company, valued at approximately $4,131,541.83. This represents a 15.74 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Darren P. Field sold 1,200 shares of the firm’s stock in a transaction on Friday, March 7th. The stock was sold at an average price of $161.67, for a total value of $194,004.00. Following the sale, the executive vice president now directly owns 17,822 shares of the company’s stock, valued at approximately $2,881,282.74. This represents a 6.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on JBHT shares. Truist Financial began coverage on J.B. Hunt Transport Services in a research note on Thursday, March 13th. They issued a “hold” rating and a $165.00 target price for the company. Wells Fargo & Company reduced their price objective on J.B. Hunt Transport Services from $170.00 to $150.00 and set an “overweight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on J.B. Hunt Transport Services from $167.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday. Stifel Nicolaus set a $150.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday. Finally, Barclays lowered their price target on shares of J.B. Hunt Transport Services from $180.00 to $165.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 2nd. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $165.90.

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.