J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) Shares to Pay Quarterly Dividend of $0.45

by · The Markets Daily

J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT – Get Free Report) announced a quarterly dividend on Wednesday, October 21st. Stockholders of record on Friday, November 6th will be paid a dividend of $0.45 per share by the transportation company on Friday, November 20th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend is Friday, November 6th.

J.B. Hunt Transport Services has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. J.B. Hunt Transport Services has a payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect J.B. Hunt Transport Services to earn $9.68 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.6%.

J.B. Hunt Transport Services Stock Up 1.3%

Shares of J.B. Hunt Transport Services stock traded up $3.01 during trading on Thursday, hitting $231.60. 119,562 shares of the stock were exchanged, compared to its average volume of 1,009,640. The stock has a market cap of $21.75 billion, a price-to-earnings ratio of 32.53, a price-to-earnings-growth ratio of 1.88 and a beta of 1.31. The firm’s 50-day moving average price is $249.12 and its 200 day moving average price is $259.71. J.B. Hunt Transport Services has a 12-month low of $157.82 and a 12-month high of $299.76. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.23 and a quick ratio of 1.26.

J.B. Hunt Transport Services (NASDAQ:JBHT – Get Free Report) last issued its earnings results on Thursday, October 15th. The transportation company reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.01. The firm had revenue of $3.68 billion during the quarter, compared to the consensus estimate of $3.59 billion. J.B. Hunt Transport Services had a net margin of 5.07% and a return on equity of 18.72%. The company’s revenue was up 20.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.76 earnings per share. As a group, analysts forecast that J.B. Hunt Transport Services will post 7.23 earnings per share for the current fiscal year.

J.B. Hunt Transport Services Company Profile

(Get Free Report)

J.B. Hunt Transport Services, Inc is a transportation and logistics company headquartered in Lowell, Arkansas. Founded in 1961 by Johnnie Bryan Hunt and his wife, Nellie, the company has grown into a major provider of freight transportation services across North America.

The company’s principal operations include intermodal transportation, which combines rail and truck services; dedicated contract services, which provide customized transportation capacity and fleet management for individual customers; and integrated logistics solutions, including freight brokerage and third-party logistics.

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