J.B. Hunt Transport Services, Inc. (JBHT): A Case For Going Higher

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Recently, Yahoo Finance discussed the stock, revealing that J.B. Hunt Announces Shelley Simpson as Chief Executive Officer, President.

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Stocks Info

This NASDAQ-listed company operates within the Integrated Freight & Logistics industry segment, falling under the Industrials sector. The current market capitalization of J.B. Hunt Transport Services, Inc. is $20.01B. A total of 0.57 million shares were traded on the day, compared to an average of 763.74K shares.

In the most recent transaction, Ottensmeyer Patrick J bought 5,000 shares of JBHT for 202.99 per share on Mar 04 ’24. After the transaction, the Director now owns 5,000 company shares. In a previous transaction on Feb 26 ’24, Webb Brian sold 900 shares at 208.54 per share. JBHT shares that EVP- Final Mile Services owns now total 15,032.

Among the insiders who sold shares, HARPER ALFRED C disposed of 6,500 shares on Feb 23 ’24 at a per-share price of $212.71. This resulted in the Retired holding 42,411 shares of JBHT after the transaction. In another insider transaction, Field Darren P. sold 6,000 shares at $212.98 per share on Feb 23 ’24. Company shares held by the EVP and President Intermodal now total 14,295.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. J.B. Hunt Transport Services, Inc. pays an annual dividend of $1.69, resulting in a dividend yield of 0.87%, and it has a price to earnings (P/E) ratio of 27.79. JBHT’s most recent ex-dividend date was 2/8/2024 when it declared a $0.43 quarterly dividend that was paid in cash on 2/23/2024. Previously, the company paid the dividend on 11/24/2023 with an ex-dividend date of 11/9/2023. The JBHT stock dividend was $0.42 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, JBHT has a high of $219.51 and a low of $164.39.

As of this writing, JBHT has an earnings estimate of $1.61 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $1.89 per share and a lower estimate of $1.48. The company reported an EPS of $1.8 in the last quarter, which was -1.60% lower than expectations of $1.83.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. JBHT’s latest balance sheet shows that the firm has $355.55M in Cash & Short Term Investments as of fiscal 2021. There were $1.30B in debt and $1.73B in liabilities at the time. Its Book Value Per Share was $39.76, while its Total Shareholder’s Equity was $3.12B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for JBHT is Buy with a score of 4.38.

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