J B Hunt Transport Services Inc to Post Q4 2018 Earnings of $1.54 Per Share, KeyCorp Forecasts (JBHT)

J B Hunt Transport Services Inc (NASDAQ:JBHT) – Research analysts at KeyCorp dropped their Q4 2018 earnings per share estimates for J B Hunt Transport Services in a report issued on Monday, October 15th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $1.54 for the quarter, down from their prior estimate of $1.59.

J B Hunt Transport Services (NASDAQ:JBHT) last released its quarterly earnings results on Monday, October 15th. The transportation company reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.40 by $0.07. The company had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.22 billion. J B Hunt Transport Services had a return on equity of 26.63% and a net margin of 9.54%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.91 EPS.

Other analysts also recently issued research reports about the company. BidaskClub upgraded J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research note on Friday, August 3rd. Zacks Investment Research downgraded J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Cowen upped their price target on J B Hunt Transport Services from $123.00 to $132.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 17th. Stifel Nicolaus upped their price target on J B Hunt Transport Services from $122.00 to $123.00 and gave the stock a “hold” rating in a research note on Tuesday, July 17th. Finally, ValuEngine upgraded J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research note on Tuesday, September 11th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. J B Hunt Transport Services has a consensus rating of “Hold” and an average target price of $128.89.

JBHT opened at $112.20 on Wednesday. The stock has a market cap of $13.01 billion, a PE ratio of 30.00, a P/E/G ratio of 1.74 and a beta of 0.93. J B Hunt Transport Services has a 52-week low of $100.78 and a 52-week high of $131.74. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.37.

In related news, EVP Eric Mcgee sold 1,735 shares of the stock in a transaction that occurred on Friday, July 20th. The stock was sold at an average price of $121.49, for a total transaction of $210,785.15. Following the completion of the sale, the executive vice president now owns 953 shares in the company, valued at approximately $115,779.97. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Bradley W. Hicks sold 500 shares of the stock in a transaction that occurred on Thursday, August 2nd. The shares were sold at an average price of $122.43, for a total value of $61,215.00. Following the sale, the executive vice president now owns 16,900 shares of the company’s stock, valued at approximately $2,069,067. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,623 shares of company stock valued at $1,901,874. 4.20% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC raised its holdings in J B Hunt Transport Services by 186.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 915 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 596 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new position in J B Hunt Transport Services in the 2nd quarter valued at approximately $118,000. Edge Wealth Management LLC acquired a new position in J B Hunt Transport Services in the 2nd quarter valued at approximately $148,000. LeJeune Puetz Investment Counsel LLC acquired a new position in J B Hunt Transport Services in the 2nd quarter valued at approximately $167,000. Finally, Cerebellum GP LLC raised its holdings in J B Hunt Transport Services by 760.9% in the 3rd quarter. Cerebellum GP LLC now owns 1,455 shares of the transportation company’s stock valued at $173,000 after acquiring an additional 1,286 shares in the last quarter. 73.42% of the stock is owned by hedge funds and other institutional investors.

About J B Hunt Transport Services

J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).

See Also: Earnings Per Share

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

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