JB Hunt Transport Services Inc. (NASDAQ:JBHT) – Stock analysts at William Blair decreased their FY2016 EPS estimates for shares of JB Hunt Transport Services in a research report issued to clients and investors on Monday. William Blair analyst N. Brochmann now expects that the brokerage will post earnings of $3.79 per share for the year, down from their previous forecast of $3.90. William Blair also issued estimates for JB Hunt Transport Services’ Q4 2016 earnings at $1.02 EPS, Q1 2017 earnings at $0.93 EPS, Q2 2017 earnings at $1.03 EPS, Q3 2017 earnings at $1.11 EPS, Q4 2017 earnings at $1.16 EPS, FY2017 earnings at $4.23 EPS and FY2018 earnings at $4.81 EPS.

JB Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, October 17th. The company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.03 by $0.06. JB Hunt Transport Services had a net margin of 6.68% and a return on equity of 32.63%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis.

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

Other equities research analysts have also issued research reports about the company. Zacks Investment Research lowered JB Hunt Transport Services from a “hold” rating to a “sell” rating in a research note on Tuesday, June 21st. Buckingham Research raised JB Hunt Transport Services from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research note on Tuesday, July 26th. RBC Capital Markets reaffirmed an “outperform” rating and set a $94.00 price target (down previously from $98.00) on shares of JB Hunt Transport Services in a research note on Tuesday, July 19th. Royal Bank Of Canada dropped their price target on JB Hunt Transport Services from $98.00 to $94.00 and set an “outperform” rating for the company in a research note on Tuesday, July 19th. Finally, Wells Fargo & Co. reaffirmed a “buy” rating and set a $95.00 price target on shares of JB Hunt Transport Services in a research note on Monday, July 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $91.29.

Shares of JB Hunt Transport Services (NASDAQ:JBHT) traded down 0.78% on Wednesday, reaching $78.37. The company’s stock had a trading volume of 699,554 shares. The company has a market cap of $8.83 billion, a P/E ratio of 20.60 and a beta of 0.92. The company’s 50 day moving average price is $80.27 and its 200 day moving average price is $81.95. JB Hunt Transport Services has a 12-month low of $63.58 and a 12-month high of $89.43.

Several hedge funds have recently modified their holdings of JBHT. MSI Financial Services Inc boosted its stake in shares of JB Hunt Transport Services by 19.1% in the third quarter. MSI Financial Services Inc now owns 1,447 shares of the company’s stock worth $117,000 after buying an additional 232 shares in the last quarter. Genesee Valley Trust Co. bought a new stake in shares of JB Hunt Transport Services during the third quarter worth approximately $280,000. Capstone Asset Management Co. boosted its stake in shares of JB Hunt Transport Services by 7.0% in the third quarter. Capstone Asset Management Co. now owns 9,138 shares of the company’s stock worth $741,000 after buying an additional 600 shares in the last quarter. Atria Investments LLC boosted its stake in shares of JB Hunt Transport Services by 82.3% in the third quarter. Atria Investments LLC now owns 5,198 shares of the company’s stock worth $422,000 after buying an additional 2,347 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its stake in shares of JB Hunt Transport Services by 6.2% in the third quarter. Oregon Public Employees Retirement Fund now owns 21,051 shares of the company’s stock worth $1,708,000 after buying an additional 1,231 shares in the last quarter. 71.59% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Nicholas Hobbs sold 1,201 shares of the business’s stock in a transaction that occurred on Friday, August 19th. The stock was sold at an average price of $83.30, for a total value of $100,043.30. Following the sale, the executive vice president now directly owns 49,474 shares of the company’s stock, valued at approximately $4,121,184.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Alfred C. Harper sold 5,944 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was sold at an average price of $83.19, for a total value of $494,481.36. Following the completion of the sale, the chief operating officer now directly owns 11,597 shares in the company, valued at $964,754.43. The disclosure for this sale can be found here. 4.50% of the stock is owned by insiders.

JB Hunt Transport Services Company Profile

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

Receive News & Stock Ratings for JB Hunt Transport Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JB Hunt Transport Services Inc. and related stocks with our FREE daily email newsletter.