J.B. Hunt Transport Services (NASDAQ:JBHT) Announces Quarterly Earnings Results

J.B. Hunt Transport Services (NASDAQ:JBHT) announced its quarterly earnings data on Thursday. The transportation company reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 5.31% and a return on equity of 18.75%.

J.B. Hunt Transport Services Stock Performance

Shares of NASDAQ:JBHT traded up $3.15 during midday trading on Thursday, hitting $235.31. The company had a trading volume of 1,235,406 shares, compared to its average volume of 1,011,466. 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 fifty day moving average of $253.14 and a two-hundred day moving average of $259.06. The company has a market cap of $22.10 billion, a price-to-earnings ratio of 33.33, a PEG ratio of 1.90 and a beta of 1.31. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.26 and a quick ratio of 1.26.

J.B. Hunt Transport Services Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Friday, August 7th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Friday, August 7th. J.B. Hunt Transport Services’s dividend payout ratio is 25.50%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JBHT shares. TD Cowen dropped their price objective on J.B. Hunt Transport Services from $297.00 to $283.00 and set a “hold” rating on the stock in a research report on Monday, October 5th. Stephens upped their target price on shares of J.B. Hunt Transport Services from $360.00 to $370.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Stifel Nicolaus lowered their price objective on shares of J.B. Hunt Transport Services from $292.00 to $289.00 and set a “hold” rating on the stock in a research report on Thursday, October 8th. Wall Street Zen lowered shares of J.B. Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Monday, September 21st. Finally, Raymond James Financial lowered their price target on J.B. Hunt Transport Services from $315.00 to $300.00 and set an “outperform” rating on the stock in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and an average price target of $276.08.

About J.B. Hunt Transport Services

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.