J B Hunt Transport Services Inc (NASDAQ:JBHT) declared a quarterly dividend on Thursday, October 18th, RTT News reports. Stockholders of record on Friday, November 9th will be paid a dividend of 0.24 per share by the transportation company on Friday, November 16th. This represents a $0.96 annualized dividend and a dividend yield of 0.87%.
J B Hunt Transport Services has raised its dividend payment by an average of 4.8% per year over the last three years and has raised its dividend every year for the last 14 years. J B Hunt Transport Services has a dividend payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect J B Hunt Transport Services to earn $6.42 per share next year, which means the company should continue to be able to cover its $0.96 annual dividend with an expected future payout ratio of 15.0%.
Shares of JBHT traded down $2.21 during mid-day trading on Thursday, hitting $109.99. 50,033 shares of the company’s stock were exchanged, compared to its average volume of 905,680. J B Hunt Transport Services has a 52 week low of $100.78 and a 52 week high of $131.74. The stock has a market capitalization of $13.01 billion, a PE ratio of 29.78, a P/E/G ratio of 1.74 and a beta of 0.93. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37.
J B Hunt Transport Services (NASDAQ:JBHT) last announced its earnings results on Monday, October 15th. The transportation company reported $1.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.07. J B Hunt Transport Services had a net margin of 9.54% and a return on equity of 26.63%. The company had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.22 billion. During the same period last year, the firm earned $0.91 earnings per share. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. Equities research analysts predict that J B Hunt Transport Services will post 5.4 earnings per share for the current fiscal year.
In other J B Hunt Transport Services news, insider John N. Roberts sold 8,225 shares of the firm’s stock in a transaction that occurred on Friday, July 20th. The shares were sold at an average price of $121.51, for a total value of $999,419.75. Following the sale, the insider now owns 285,250 shares in the company, valued at $34,660,727.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Eric Mcgee sold 1,735 shares of J B Hunt Transport Services stock in a transaction on Friday, July 20th. The stock was sold at an average price of $121.49, for a total transaction of $210,785.15. Following the transaction, the executive vice president now owns 953 shares in the company, valued at approximately $115,779.97. The disclosure for this sale can be found here. Insiders sold 15,623 shares of company stock worth $1,901,874 in the last 90 days. Company insiders own 4.20% of the company’s stock.
JBHT has been the topic of several analyst reports. BidaskClub upgraded shares of J B Hunt Transport Services from a “sell” rating to a “hold” rating in a research report on Friday, August 3rd. Zacks Investment Research lowered shares of J B Hunt Transport Services from a “buy” rating to a “hold” rating in a research report on Friday, August 3rd. Cowen increased their price target on shares of J B Hunt Transport Services from $123.00 to $132.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 17th. Stifel Nicolaus increased their price target on shares of J B Hunt Transport Services from $122.00 to $123.00 and gave the stock a “hold” rating in a research report on Tuesday, July 17th. Finally, ValuEngine upgraded shares of J B Hunt Transport Services from a “hold” rating to a “buy” rating in a research report on Tuesday, September 11th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eight have issued a buy rating to the company. J B Hunt Transport Services currently has a consensus rating of “Hold” and an average target price of $128.89.
J B Hunt Transport Services Company Profile
J.B. Hunt Transport Services, Inc, together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates through four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
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