J.B. Hunt Transport Services (NASDAQ:JBHT) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) posted its earnings results on Tuesday. The transportation company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.42 by $0.07, RTT News reports. J.B. Hunt Transport Services had a return on equity of 14.77% and a net margin of 4.90%. During the same period in the prior year, the company earned $1.80 EPS.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $174.65 on Wednesday. The company has a market capitalization of $18.02 billion, a P/E ratio of 27.72, a P/E/G ratio of 2.84 and a beta of 1.15. The company’s 50-day simple moving average is $169.93 and its two-hundred day simple moving average is $167.70. J.B. Hunt Transport Services has a one year low of $153.12 and a one year high of $219.51. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21.

Insider Activity

In other news, Director Persio V. Lisboa acquired 600 shares of the company’s stock in a transaction that occurred on Friday, July 19th. The shares were bought at an average price of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at $587,511.18. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other J.B. Hunt Transport Services news, Director Persio V. Lisboa acquired 600 shares of the stock in a transaction that occurred on Friday, July 19th. The stock was bought at an average cost of $163.47 per share, with a total value of $98,082.00. Following the completion of the purchase, the director now directly owns 3,594 shares in the company, valued at $587,511.18. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $175.03, for a total transaction of $525,090.00. Following the transaction, the executive vice president now directly owns 14,150 shares in the company, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on JBHT. Loop Capital reduced their price objective on J.B. Hunt Transport Services from $177.00 to $173.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets restated an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research report on Tuesday, September 24th. Susquehanna upped their price target on shares of J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Thursday, September 26th. Barclays dropped their price objective on shares of J.B. Hunt Transport Services from $170.00 to $160.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 17th. Finally, TD Cowen upped their target price on shares of J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $184.67.

About J.B. Hunt Transport Services

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.