J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Quarterly Earnings Results, Misses Estimates By $0.09 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) issued its quarterly earnings results on Thursday. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09), Briefing.com reports. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The business had revenue of $3.15 billion during the quarter, compared to analyst estimates of $3.13 billion. During the same period in the previous year, the business posted $1.47 earnings per share. The firm’s quarterly revenue was down 4.5% on a year-over-year basis.

J.B. Hunt Transport Services Stock Down 0.1 %

Shares of J.B. Hunt Transport Services stock traded down $0.21 during trading hours on Thursday, hitting $186.34. 1,521,413 shares of the company’s stock traded hands, compared to its average volume of 796,125. J.B. Hunt Transport Services has a twelve month low of $153.12 and a twelve month high of $219.51. The company has a market cap of $18.79 billion, a PE ratio of 33.88, a PEG ratio of 2.94 and a beta of 1.16. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $180.51 and a 200-day simple moving average of $173.67.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JBHT. Evercore ISI boosted their target price on shares of J.B. Hunt Transport Services from $183.00 to $185.00 and gave the company an “outperform” rating in a report on Wednesday, October 16th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Stifel Nicolaus cut their target price on J.B. Hunt Transport Services from $167.00 to $161.00 and set a “hold” rating on the stock in a research report on Wednesday. Bank of America upped their price target on J.B. Hunt Transport Services from $195.00 to $206.00 and gave the stock a “buy” rating in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and issued a $195.00 price objective on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, J.B. Hunt Transport Services has an average rating of “Moderate Buy” and an average target price of $192.33.

Insider Buying and Selling

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares of the company’s stock, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Eric Mcgee sold 145 shares of the stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $182.72, for a total transaction of $26,494.40. Following the sale, the executive vice president now owns 700 shares in the company, valued at approximately $127,904. This trade represents a 17.16 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,459 shares of company stock worth $2,136,277. 2.10% of the stock is currently owned by corporate insiders.

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.