J.B. Hunt Transport Services (NASDAQ:JBHT) Issues Quarterly Earnings Results, Misses Expectations By $0.09 EPS

J.B. Hunt Transport Services (NASDAQ:JBHT) announced its quarterly earnings data on Thursday. The transportation company reported $1.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.09), Briefing.com reports. The firm had revenue of $3.15 billion during the quarter, compared to the consensus estimate of $3.13 billion. J.B. Hunt Transport Services had a net margin of 4.65% and a return on equity of 13.92%. The company’s revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.47 earnings per share.

J.B. Hunt Transport Services Price Performance

Shares of NASDAQ JBHT traded down $0.21 during trading hours on Thursday, reaching $186.34. 1,488,468 shares of the stock traded hands, compared to its average volume of 787,856. The company’s 50-day simple moving average is $180.51 and its two-hundred day simple moving average is $173.67. The company has a market capitalization of $18.79 billion, a P/E ratio of 33.88, a price-to-earnings-growth ratio of 2.94 and a beta of 1.16. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.26.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Susquehanna upgraded shares of J.B. Hunt Transport Services from a “neutral” rating to a “positive” rating and set a $200.00 target price for the company in a research note on Friday, January 3rd. Raymond James lifted their target price on J.B. Hunt Transport Services from $195.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Loop Capital increased their price target on shares of J.B. Hunt Transport Services from $173.00 to $187.00 and gave the stock a “hold” rating in a report on Thursday, October 17th. Barclays boosted their price objective on shares of J.B. Hunt Transport Services from $175.00 to $195.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 13th. Finally, Benchmark reiterated a “buy” rating and issued a $195.00 target price on shares of J.B. Hunt Transport Services in a research note on Friday, January 10th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, J.B. Hunt Transport Services currently has a consensus rating of “Moderate Buy” and a consensus target price of $192.33.

Insider Buying and Selling at J.B. Hunt Transport Services

In other news, EVP Darren P. Field sold 1,500 shares of J.B. Hunt Transport Services stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $183.50, for a total value of $275,250.00. Following the transaction, the executive vice president now owns 12,650 shares in the company, valued at approximately $2,321,275. The trade was a 10.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Spencer Frazier sold 2,200 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $194.21, for a total value of $427,262.00. Following the sale, the executive vice president now owns 4,050 shares of the company’s stock, valued at $786,550.50. This represents a 35.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,459 shares of company stock worth $2,136,277 over the last ninety days. Insiders own 2.10% of the company’s stock.

J.B. Hunt Transport Services Company Profile

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.