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

31 Oct 2024, 08:05 by Doug Wharley · The Cerbat Gem

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Free 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:JBHT – Get 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

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