JB Hunt Transport Services Inc. (NASDAQ:JBHT) is set to issue its quarterly earnings data before the market opens on Monday, October 17th. Analysts expect the company to announce earnings of $1.03 per share for the quarter.

JB Hunt Transport Services (NASDAQ:JBHT) last posted its earnings results on Monday, July 18th. The company reported $0.92 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.97 by $0.05. JB Hunt Transport Services had a net margin of 6.88% and a return on equity of 33.52%. The firm earned $1.62 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the previous year, the business posted $0.88 earnings per share. The business’s quarterly revenue was up 5.2% compared to the same quarter last year. On average, analysts expect JB Hunt Transport Services to post $3.91 EPS for the current fiscal year and $4.37 EPS for the next fiscal year.

Earnings History for JB Hunt Transport Services (NASDAQ:JBHT)

JB Hunt Transport Services Inc. (NASDAQ:JBHT) traded up 0.594% on Friday, reaching $80.405. 849,894 shares of the company were exchanged. The firm has a market capitalization of $9.06 billion, a PE ratio of 21.131 and a beta of 0.92. The stock has a 50 day moving average of $80.40 and a 200 day moving average of $82.09. JB Hunt Transport Services Inc. has a 12-month low of $63.58 and a 12-month high of $89.43.

In other news, EVP Nicholas Hobbs sold 1,201 shares of the stock in a transaction dated Friday, August 19th. The shares were sold at an average price of $83.30, for a total value of $100,043.30. Following the transaction, the executive vice president now directly owns 49,474 shares of the company’s stock, valued at $4,121,184.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David G. Mee sold 6,408 shares of the stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $81.93, for a total transaction of $525,007.44. Following the completion of the transaction, the chief financial officer now directly owns 120,000 shares in the company, valued at $9,831,600. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by insiders.

Institutional investors have recently modified their holdings of the stock. Caisse DE Depot ET Placement DU Quebec increased its position in JB Hunt Transport Services by 90.6% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 93,011 shares of the company’s stock valued at $7,527,000 after buying an additional 44,213 shares during the period. Point72 Asset Management L.P. increased its position in JB Hunt Transport Services by 26.5% in the second quarter. Point72 Asset Management L.P. now owns 30,728 shares of the company’s stock valued at $2,487,000 after buying an additional 6,428 shares during the period. Capital Research Global Investors increased its position in JB Hunt Transport Services by 11.1% in the second quarter. Capital Research Global Investors now owns 2,283,703 shares of the company’s stock valued at $184,820,000 after buying an additional 228,184 shares during the period. Panagora Asset Management Inc. increased its position in JB Hunt Transport Services by 32.6% in the second quarter. Panagora Asset Management Inc. now owns 11,960 shares of the company’s stock valued at $968,000 after buying an additional 2,943 shares during the period. Finally, Ontario Teachers Pension Plan Board increased its position in JB Hunt Transport Services by 29.3% in the second quarter. Ontario Teachers Pension Plan Board now owns 76,707 shares of the company’s stock valued at $6,208,000 after buying an additional 17,368 shares during the period. 71.59% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on JBHT. Buckingham Research upgraded shares of JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price objective for the company in a report on Tuesday, July 26th. Zacks Investment Research upgraded shares of JB Hunt Transport Services from a “sell” rating to a “hold” rating in a report on Wednesday, August 17th. BB&T Corp. reiterated a “buy” rating and issued a $93.00 price target on shares of JB Hunt Transport Services in a report on Thursday, July 7th. Royal Bank Of Canada reduced their price target on shares of JB Hunt Transport Services from $98.00 to $94.00 and set an “outperform” rating for the company in a report on Tuesday, July 19th. Finally, BMO Capital Markets reiterated a “market perform” rating and issued a $84.00 price target (down previously from $88.00) on shares of JB Hunt Transport Services in a report on Tuesday, July 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.29.

About JB Hunt Transport Services

J.B. Hunt Transport Services, Inc is a holding company. The Company is a surface transportation, delivery, and logistics company in North America. The Company, through its subsidiaries, provides transportation and delivery services to various customers and consumers throughout the continental United States, Canada and Mexico.

5 Day Chart for NASDAQ:JBHT

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