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

J.B. Hunt Transport Services (NASDAQ:JBHT) released its quarterly earnings results on Tuesday. The transportation company reported $1.49 earnings per share for the quarter, beating the consensus estimate 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 quarter last year, the firm posted $1.80 EPS.

J.B. Hunt Transport Services Price Performance

Shares of JBHT stock opened at $174.65 on Wednesday. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The stock’s 50-day moving average is $169.93 and its 200 day moving average is $167.70. The company has a market cap of $18.02 billion, a P/E ratio of 27.72, a PEG ratio of 2.84 and a beta of 1.15. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.21 and a quick ratio of 1.21.

Analyst Upgrades and Downgrades

JBHT has been the topic of several recent research reports. TD Cowen increased their price target on J.B. Hunt Transport Services from $160.00 to $182.00 and gave the company a “hold” rating in a report on Wednesday. The Goldman Sachs Group reduced their target price on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating on the stock in a research note on Wednesday, October 9th. Evercore ISI reduced their target price on J.B. Hunt Transport Services from $185.00 to $183.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Loop Capital reduced their target price 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. Finally, Benchmark reiterated a “buy” rating and issued a $185.00 target price on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 2nd. Seven investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $184.67.

Insider Activity at J.B. Hunt Transport Services

In related 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 transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related 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 transaction, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $525,090.00. Following the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.10% of the stock is owned by corporate insiders.

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.