J B Hunt Transport Services (NASDAQ:JBHT) released its earnings results on Monday. The transportation company reported $1.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.12), RTT News reports. The firm had revenue of $2.26 billion during the quarter, compared to analysts’ expectations of $2.26 billion. J B Hunt Transport Services had a return on equity of 29.84% and a net margin of 5.61%. The firm’s revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.37 earnings per share.
JBHT stock traded down $0.36 on Monday, hitting $92.58. 1,126,325 shares of the company’s stock were exchanged, compared to its average volume of 1,082,068. J B Hunt Transport Services has a 12-month low of $83.64 and a 12-month high of $129.98. The stock’s 50 day simple moving average is $89.21. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $10.07 billion, a PE ratio of 16.33, a P/E/G ratio of 1.12 and a beta of 1.11.
In other J B Hunt Transport Services news, Director Gary Charles George acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of $94.52 per share, for a total transaction of $472,600.00. Following the completion of the acquisition, the director now owns 43,369 shares of the company’s stock, valued at approximately $4,099,237.88. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John N. Roberts acquired 2,319 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was acquired at an average price of $86.23 per share, for a total transaction of $199,967.37. Following the completion of the acquisition, the insider now directly owns 288,739 shares of the company’s stock, valued at approximately $24,897,963.97. The disclosure for this purchase can be found here. 3.60% of the stock is owned by insiders.
Several analysts recently commented on the stock. Cowen reissued a “market perform” rating and set a $112.00 target price (down from $122.00) on shares of J B Hunt Transport Services in a research note on Tuesday, April 16th. Stifel Nicolaus raised shares of QUALCOMM from a “hold” rating to a “buy” rating and raised their target price for the company from $57.00 to $100.00 in a research note on Tuesday, April 16th. Loop Capital reduced their target price on shares of J B Hunt Transport Services to $133.00 and set a “buy” rating on the stock in a research note on Tuesday, April 16th. UBS Group raised their target price on shares of Intact Financial from C$122.00 to C$133.00 in a research note on Tuesday, June 18th. Finally, Morgan Stanley set a $36.00 target price on shares of ArcBest and gave the company a “hold” rating in a research note on Monday, July 8th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $109.00.
About J B Hunt Transport Services
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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