Research Analysts Offer Predictions for J.B. Hunt Transport Services, Inc.'s Q2 2024 Earnings (NASDAQ:JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT - Free Report) - Stock analysts at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of J.B. Hunt Transport Services in a research note issued to investors on Tuesday, April 30th. Zacks Research analyst S. Goswami now forecasts that the transportation company will post earnings per share of $1.54 for the quarter, down from their prior forecast 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 reports. Benchmark reiterated a "buy" rating and set a $215.00 price objective on shares of J.B. Hunt Transport Services in a research note on Wednesday, April 17th. Raymond James lifted their price objective on shares of J.B. Hunt Transport Services from $200.00 to $209.00 and gave the company an "outperform" rating in a research note on Tuesday, January 16th. StockNews.com raised J.B. Hunt Transport Services from a "sell" rating to a "hold" rating in a report on Monday. Susquehanna lowered their target price on J.B. Hunt Transport Services from $195.00 to $185.00 and set a "neutral" rating for the company in a research note on Wednesday, April 17th. Finally, Bank of America reduced their price target on shares of J.B. Hunt Transport Services from $215.00 to $199.00 and set a "buy" rating on the stock in a research note on Wednesday, April 17th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. According to data from MarketBeat, J.B. Hunt Transport Services has a consensus rating of "Moderate Buy" and an average target price of $194.24.

J.B. Hunt Transport Services Price Performance

Shares of JBHT traded up $0.99 during trading hours on Friday, hitting $165.56. 745,232 shares of the company were exchanged, compared to its average volume of 851,813. 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 fifty-two week low of $160.07 and a fifty-two week high of $219.51. The company has a market cap of $17.09 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 2.15 and a beta of 1.17. The firm's fifty day moving average is $189.37 and its 200 day moving average is $191.24.

J.B. Hunt Transport Services Dividend Announcement

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

Insider Transactions at J.B. Hunt Transport Services

In related news, EVP Eric Mcgee sold 3,800 shares of J.B. Hunt Transport Services stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $212.56, for a total transaction of $807,728.00. Following the completion of the transaction, the executive vice president now owns 464 shares of the company's stock, valued at $98,627.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other J.B. Hunt Transport Services news, EVP Eric Mcgee sold 3,800 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 $212.56, for a total value of $807,728.00. Following the completion of the sale, the executive vice president now directly owns 464 shares in the company, valued at $98,627.84. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Patrick J. Ottensmeyer purchased 5,000 shares of the company's stock in a transaction on Monday, March 4th. The stock was acquired at an average cost of $202.99 per share, for a total transaction of $1,014,950.00. Following the completion of the purchase, the director now owns 5,000 shares of the company's stock, valued at approximately $1,014,950. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 15,454 shares of company stock worth $3,283,219. Company insiders own 2.10% of the company's stock.

Institutional Investors Weigh In On J.B. Hunt Transport Services

Hedge funds and other institutional investors have recently bought and sold shares of the stock. VisionPoint Advisory Group LLC increased its holdings in shares of J.B. Hunt Transport Services by 104.8% during the third quarter. VisionPoint Advisory Group LLC now owns 170 shares of the transportation company's stock valued at $32,000 after acquiring an additional 87 shares in the last quarter. Operose Advisors LLC bought a new position in shares of J.B. Hunt Transport Services in the third quarter valued at $34,000. Annis Gardner Whiting Capital Advisors LLC acquired a new position in shares of J.B. Hunt Transport Services during the third quarter valued at about $36,000. YHB Investment Advisors Inc. bought a new stake in shares of J.B. Hunt Transport Services during the first quarter worth about $40,000. Finally, Exchange Traded Concepts LLC bought a new position in J.B. Hunt Transport Services in the 3rd quarter valued at about $45,000. 74.95% of the stock is owned by institutional investors.

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.