Equities Analysts Set Expectations for J.B. Hunt Transport Services, Inc.’s Q2 2024 Earnings (NASDAQ:JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Equities research analysts at Zacks Research dropped their Q2 2024 earnings per share (EPS) estimates for shares of J.B. Hunt Transport Services in a research note issued on Tuesday, April 30th. Zacks Research analyst S. Goswami now expects that the transportation company will post earnings of $1.54 per share for the quarter, down from their prior estimate of $1.92. The consensus estimate for J.B. Hunt Transport Services’ current full-year earnings is $6.76 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services’ Q3 2024 earnings at $1.68 EPS, Q4 2024 earnings at $1.81 EPS, FY2024 earnings at $6.24 EPS, FY2025 earnings at $8.30 EPS and FY2026 earnings at $9.13 EPS.

JBHT has been the topic of a number of other research reports. Benchmark restated a “buy” rating and issued a $215.00 price objective on shares of J.B. Hunt Transport Services in a research report on Wednesday, April 17th. Barclays reduced their price target on J.B. Hunt Transport Services from $200.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 17th. Stephens dropped their price objective on J.B. Hunt Transport Services from $210.00 to $192.00 and set an “overweight” rating for the company in a report on Wednesday, April 17th. Robert W. Baird reduced their target price on J.B. Hunt Transport Services from $215.00 to $205.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 17th. Finally, Bank of America decreased their target price on J.B. Hunt Transport Services from $215.00 to $199.00 and set a “buy” rating for the company in a report on Wednesday, April 17th. Seven investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $194.24.

J.B. Hunt Transport Services Trading Up 0.6 %

Shares of JBHT stock opened at $165.56 on Friday. The firm has a market cap of $17.09 billion, a P/E ratio of 26.28, a price-to-earnings-growth ratio of 2.15 and a beta of 1.17. The company has a quick ratio of 1.15, a current ratio of 1.26 and a debt-to-equity ratio of 0.33. J.B. Hunt Transport Services has a 12-month low of $160.07 and a 12-month high of $219.51. The business has a 50-day moving average price of $189.37 and a two-hundred day moving average price of $191.24.

Institutional Trading of J.B. Hunt Transport Services

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 9,744,668 shares of the transportation company’s stock valued at $1,946,400,000 after buying an additional 80,123 shares during the period. Victory Capital Management Inc. lifted its position in shares of J.B. Hunt Transport Services by 3.0% in the 4th quarter. Victory Capital Management Inc. now owns 2,168,748 shares of the transportation company’s stock worth $433,186,000 after purchasing an additional 62,313 shares during the period. JPMorgan Chase & Co. lifted its position in shares of J.B. Hunt Transport Services by 184.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,154,757 shares of the transportation company’s stock worth $406,215,000 after purchasing an additional 1,397,651 shares during the period. Invesco Ltd. boosted its stake in shares of J.B. Hunt Transport Services by 5.6% during the third quarter. Invesco Ltd. now owns 1,090,774 shares of the transportation company’s stock valued at $205,633,000 after purchasing an additional 57,546 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in J.B. Hunt Transport Services by 7,720.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 983,703 shares of the transportation company’s stock valued at $196,485,000 after buying an additional 971,124 shares during the period. Institutional investors own 74.95% of the company’s stock.

Insider Transactions at J.B. Hunt Transport Services

In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total value of $1,382,615.00. Following the sale, the insider now owns 42,411 shares of the company’s stock, valued at approximately $9,021,243.81. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other J.B. Hunt Transport Services news, insider Alfred C. Harper sold 6,500 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $212.71, for a total transaction of $1,382,615.00. Following the sale, the insider now directly owns 42,411 shares in the company, valued at $9,021,243.81. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Brian Webb sold 900 shares of J.B. Hunt Transport Services stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $208.54, for a total value of $187,686.00. Following the completion of the transaction, the executive vice president now owns 15,032 shares of the company’s stock, valued at approximately $3,134,773.28. The disclosure for this sale can be found here. Over the last three months, insiders have sold 15,454 shares of company stock valued at $3,283,219. 2.10% of the stock is currently owned by insiders.

J.B. Hunt Transport Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Stockholders of record on Friday, May 10th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, May 9th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 1.04%. J.B. Hunt Transport Services’s payout ratio is 27.30%.

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.