What is Zacks Research’s Forecast for JBHT FY2024 Earnings?

by · The Cerbat Gem

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHTFree Report) – Analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for J.B. Hunt Transport Services in a research report issued to clients and investors on Tuesday, October 29th. Zacks Research analyst S. Goswami now forecasts that the transportation company will post earnings of $5.70 per share for the year, down from their previous forecast of $5.73. The consensus estimate for J.B. Hunt Transport Services’ current full-year earnings is $5.69 per share. Zacks Research also issued estimates for J.B. Hunt Transport Services’ Q4 2024 earnings at $1.67 EPS, Q2 2025 earnings at $1.70 EPS, Q3 2025 earnings at $1.92 EPS, Q4 2025 earnings at $2.08 EPS, FY2025 earnings at $7.25 EPS, Q1 2026 earnings at $2.07 EPS, Q2 2026 earnings at $2.08 EPS, Q3 2026 earnings at $2.17 EPS and FY2026 earnings at $8.72 EPS.

Several other analysts have also recently commented on the stock. Morgan Stanley decreased their price objective on shares of J.B. Hunt Transport Services from $162.00 to $160.00 and set an “equal weight” rating for the company in a research note on Monday, July 8th. Stephens restated an “overweight” rating and set a $195.00 target price on shares of J.B. Hunt Transport Services in a research report on Wednesday, October 16th. Bank of America increased their price target on J.B. Hunt Transport Services from $188.00 to $196.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Citigroup began coverage on J.B. Hunt Transport Services in a research note on Wednesday, October 9th. They issued a “buy” rating and a $201.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on J.B. Hunt Transport Services from $193.00 to $189.00 and set a “buy” rating for the company in a report on Wednesday, October 9th. Seven analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $187.56.

Check Out Our Latest Stock Report on J.B. Hunt Transport Services

J.B. Hunt Transport Services Trading Up 1.4 %

Shares of NASDAQ:JBHT opened at $181.88 on Thursday. The company has a quick ratio of 1.21, a current ratio of 0.94 and a debt-to-equity ratio of 0.26. J.B. Hunt Transport Services has a 52-week low of $153.12 and a 52-week high of $219.51. The stock has a market cap of $18.77 billion, a price-to-earnings ratio of 28.87, a PEG ratio of 3.01 and a beta of 1.15. The business has a 50-day moving average price of $172.12 and a 200-day moving average price of $166.66.

J.B. Hunt Transport Services (NASDAQ:JBHTGet Free Report) last released its earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.07. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. The firm had revenue of $3.07 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the prior year, the firm earned $1.80 EPS.

J.B. Hunt Transport Services Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.43 dividend. This represents a $1.72 annualized dividend and a yield of 0.95%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s payout ratio is currently 27.30%.

Insiders Place Their Bets

In related news, 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 transaction of $525,090.00. Following the completion of the sale, the executive vice president now directly owns 14,150 shares in the company, valued at approximately $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other J.B. Hunt Transport Services news, EVP Darren P. Field sold 3,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $175.03, for a total transaction of $525,090.00. Following the completion of the sale, the executive vice president now owns 14,150 shares of the company’s stock, valued at $2,476,674.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Darren P. Field sold 1,500 shares of the company’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $183.50, for a total value of $275,250.00. Following the completion of the transaction, the executive vice president now directly owns 12,650 shares in the company, valued at approximately $2,321,275. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.10% of the company’s stock.

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

Institutional investors have recently made changes to their positions in the stock. Catalyst Capital Advisors LLC purchased a new position in shares of J.B. Hunt Transport Services during the 3rd quarter worth approximately $26,000. Versant Capital Management Inc raised its holdings in shares of J.B. Hunt Transport Services by 382.1% in the 2nd quarter. Versant Capital Management Inc now owns 188 shares of the transportation company’s stock valued at $30,000 after buying an additional 149 shares during the period. Innealta Capital LLC acquired a new position in J.B. Hunt Transport Services during the 2nd quarter worth about $31,000. nVerses Capital LLC acquired a new stake in shares of J.B. Hunt Transport Services during the second quarter worth about $32,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of J.B. Hunt Transport Services in the second quarter valued at approximately $36,000. 74.95% of the stock is currently owned by institutional investors and hedge funds.

About J.B. Hunt Transport Services

(Get Free Report)

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.

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