Equities Analysts Set Expectations for JBHT FY2024 Earnings

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) – Equities research analysts at Zacks Research reduced their FY2024 earnings per share (EPS) estimates for shares of J.B. Hunt Transport Services in a research report issued 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.

Other research analysts have also recently issued research reports about the stock. Morgan Stanley cut 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 report on Monday, July 8th. Benchmark reaffirmed a “buy” rating and issued a $185.00 price target on shares of J.B. Hunt Transport Services in a report on Wednesday, October 16th. JPMorgan Chase & Co. dropped their price objective on J.B. Hunt Transport Services from $204.00 to $184.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Evercore ISI upped their target price on J.B. Hunt Transport Services from $183.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 16th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $195.00 price target on shares of J.B. Hunt Transport Services in a research note on Wednesday, October 16th. 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.com, the company currently has an average rating of “Moderate Buy” and an average price target of $187.56.

J.B. Hunt Transport Services Price Performance

NASDAQ:JBHT opened at $180.62 on Thursday. The company has a 50 day moving average price of $172.26 and a 200-day moving average price of $166.76. J.B. Hunt Transport Services has a 1-year low of $153.12 and a 1-year high of $219.51. The firm has a market cap of $18.21 billion, a price-to-earnings ratio of 32.84, a price-to-earnings-growth ratio of 3.01 and a beta of 1.15. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.94 and a quick ratio of 1.21.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings results on Tuesday, October 15th. The transportation company reported $1.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.07. The company had revenue of $3.07 billion during the quarter, compared to the consensus estimate of $3.04 billion. J.B. Hunt Transport Services had a return on equity of 13.92% and a net margin of 4.65%. During the same period in the previous year, the company posted $1.80 earnings per share.

J.B. Hunt Transport Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a dividend of $0.43 per share. This represents a $1.72 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Friday, November 8th. J.B. Hunt Transport Services’s dividend payout ratio is currently 31.27%.

Insider Activity

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

Institutional Inflows and Outflows

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

About J.B. Hunt Transport Services

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.