After finishing at $190.83 in the prior trading day, J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT) closed at $195.06, up 2.22%. In other words, the price has increased by $+4.23 from its previous closing price. On the day, 871015 shares were traded. JBHT stock price reached its highest trading level at $195.58 during the session, while it also had its lowest trading level at $189.92.
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Ratios:
Our goal is to gain a better understanding of JBHT by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.15 and its Current Ratio is at 1.17. In the meantime, Its Debt-to-Equity ratio is 0.47 whereas as Long-Term Debt/Eq ratio is at 0.38.
On January 19, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $178 to $199.
BMO Capital Markets Upgraded its Market Perform to Outperform on December 11, 2023, whereas the target price for the stock was revised from $200 to $220.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 04 ’24 when Ottensmeyer Patrick J bought 5,000 shares for $202.99 per share. The transaction valued at 1,014,950 led to the insider holds 5,000 shares of the business.
Webb Brian sold 900 shares of JBHT for $187,689 on Feb 26 ’24. The EVP- Final Mile Services now owns 15,032 shares after completing the transaction at $208.54 per share. On Feb 23 ’24, another insider, HARPER ALFRED C, who serves as the Retired of the company, sold 6,500 shares for $212.71 each. As a result, the insider received 1,382,603 and left with 42,411 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JBHT now has a Market Capitalization of 20.15B and an Enterprise Value of 21.67B. As of this moment, J.B.’s Price-to-Earnings (P/E) ratio for their current fiscal year is 27.98, and their Forward P/E ratio for the next fiscal year is 20.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.22. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.57 while its Price-to-Book (P/B) ratio in mrq is 4.91. Its current Enterprise Value per Revenue stands at 1.69 whereas that against EBITDA is 12.46.
Stock Price History:
Over the past 52 weeks, JBHT has reached a high of $219.51, while it has fallen to a 52-week low of $163.66. The 50-Day Moving Average of the stock is 203.46, while the 200-Day Moving Average is calculated to be 191.12.
Shares Statistics:
The stock has traded on average 757.79K shares per day over the past 3-months and 608.88k shares per day over the last 10 days, according to various share statistics. A total of 103.22M shares are outstanding, with a floating share count of 81.67M. Insiders hold about 20.94% of the company’s shares, while institutions hold 76.01% stake in the company. Shares short for JBHT as of Feb 29, 2024 were 2.15M with a Short Ratio of 2.83, compared to 1.96M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.08% and a Short% of Float of 2.59%.
Dividends & Splits
In the trailing 12 months, JBHT’s forward annual dividend rate was 1.68, compared to 1.69 this year. Against a Trailing Annual Dividend Yield of 0.88%, it implies a Forward Annual Dividend Yield of 0.88%. The stock’s 5-year Average Dividend Yield is 0.84. The current Payout Ratio is 24.09% for JBHT, which recently paid a dividend on Feb 23, 2024 with an ex-dividend date of Feb 08, 2024. Stock splits for the company last occurred on May 24, 2005 when the company split stock in a 2:1 ratio.
Earnings Estimates
Its stock is currently analyzed by 18 different market analysts. On average, analysts expect EPS of $1.61 for the current quarter, with a high estimate of $1.89 and a low estimate of $1.48, while EPS last year was $1.89. The consensus estimate for the next quarter is $1.88, with high estimates of $2.06 and low estimates of $1.76.
Analysts are recommending an EPS of between $8.43 and $7.25 for the fiscal current year, implying an average EPS of $7.78. EPS for the following year is $9.56, with 21 analysts recommending between $10.35 and $8.56.
Revenue Estimates
14 analysts predict $3.16B in revenue for the current quarter. It ranges from a high estimate of $3.26B to a low estimate of $3.09B. As of the current estimate, J.B. Hunt Transport Services, Inc.’s year-ago sales were $3.23B, an estimated decrease of -2.00% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $3.26B, an increase of 4.10% over than the figure of -$2.00% in the same quarter last year. There is a high estimate of $3.34B for the next quarter, whereas the lowest estimate is $3.13B.
A total of 18 analysts have provided revenue estimates for JBHT’s current fiscal year. The highest revenue estimate was $13.91B, while the lowest revenue estimate was $12.84B, resulting in an average revenue estimate of $13.4B. In the same quarter a year ago, actual revenue was $12.83B, up 4.50% from the average estimate. Based on 18 analysts’ estimates, the company’s revenue will be $14.51B in the next fiscal year. The high estimate is $15.07B and the low estimate is $13.74B. The average revenue growth estimate for next year is up 8.30% from the average revenue estimate for this year.
