J.B. Hunt Transport Services, Inc. Announces Quarterly Dividend of $0.44 (NASDAQ:JBHT)

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced a quarterly dividend on Wednesday, October 22nd. Stockholders of record on Friday, November 7th will be paid a dividend of 0.44 per share by the transportation company on Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Friday, November 7th.

J.B. Hunt Transport Services has a payout ratio of 25.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $7.99 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 22.0%.

J.B. Hunt Transport Services Stock Down 0.3%

Shares of NASDAQ JBHT opened at $168.53 on Thursday. The stock has a market cap of $16.31 billion, a P/E ratio of 29.21, a PEG ratio of 2.33 and a beta of 1.24. The company has a current ratio of 0.87, a quick ratio of 0.87 and a debt-to-equity ratio of 0.25. J.B. Hunt Transport Services has a 12-month low of $122.79 and a 12-month high of $200.40. The business’s fifty day simple moving average is $142.67 and its 200-day simple moving average is $141.69.

J.B. Hunt Transport Services (NASDAQ:JBHT) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $1.76 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.30. The business had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.02 billion. J.B. Hunt Transport Services had a return on equity of 15.16% and a net margin of 4.75%.The company’s revenue for the quarter was down .5% compared to the same quarter last year. During the same period last year, the firm earned $1.49 earnings per share. As a group, equities analysts predict that J.B. Hunt Transport Services will post 6.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

JBHT has been the topic of a number of analyst reports. Susquehanna raised their price target on J.B. Hunt Transport Services from $145.00 to $160.00 and gave the company a “neutral” rating in a research note on Tuesday. Citigroup cut their price target on J.B. Hunt Transport Services from $170.00 to $163.00 and set a “buy” rating on the stock in a research note on Monday, October 13th. Stifel Nicolaus raised their price objective on J.B. Hunt Transport Services from $140.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. Bank of America raised their price objective on J.B. Hunt Transport Services from $153.00 to $175.00 and gave the stock a “buy” rating in a report on Thursday, October 16th. Finally, TD Cowen raised their price objective on J.B. Hunt Transport Services from $140.00 to $152.00 and gave the stock a “hold” rating in a report on Thursday, October 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $166.30.

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.