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J.B. Hunt Transport Services Inc. (NASDAQ:JBHT) price on Friday, October 21, rose 3.01% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $165.32.

finviz dynamic chart for JBHT

A look at the stock’s price movement, the close in the last trading session was $160.49, moving within a range at $159.96 and $165.435. The beta value (5-Year monthly) was 1.08 while the PE ratio in trailing twelve months stood at 18.63. Turning to its 52-week performance, $218.18 and $153.92 were the 52-week high and 52-week low respectively. Overall, JBHT moved 1.03% over the past month.

J.B. Hunt Transport Services Inc.’s market cap currently stands at around $17.48 billion, with investors looking forward to this quarter’s earnings report slated for Jan 19, 2023 – Jan 23, 2023. The company has a Forward Dividend ratio of 1.60, with its dividend yield at 0.97%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $2.45, which has seen fiscal year 2022 EPS growth forecast to increase to $9.65 and about $9.92 for fiscal year 2023. Per the data, EPS growth is expected to be 35.20% for 2022 and 2.80% for the next financial year.

Analysts have a consensus estimate of $3.78 billion for the company’s revenue for the quarter, with a low and high estimate of $3.59 billion and $4.16 billion respectively. The average forecast suggests up to a 20.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $14.95 billion, representing a 22.80% jump on that reported in the last financial year.

Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was 19 upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that JBHT is a 100% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

The technical evaluation for the stock shows the PEG ratio is 0.94, with JBHT’s current price about 0.83% and -4.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 48.73, while 7-day volatility ratio is 3.82% and 3.27% in the 30-day chart. Further, J.B. Hunt Transport Services Inc. (JBHT) has a beta value of 1.12, and an average true range (ATR) of 5.83.

In the market, a comparison of J.B. Hunt Transport Services Inc. (JBHT) and its peers suggest the former has performed considerably stronger. Data shows JBHT’s intraday price has changed 3.01% in last session and -14.76% over the past year. Comparatively, Old Dominion Freight Line Inc. (ODFL) has moved 1.08% on the day and only -18.28% in the past 12 months. Looking at another peer, we see that TFI International Inc. (TFII) price has gained 2.75% on the day. However, the stock is -19.40% off its price a year ago. Moreover, Knight-Swift Transportation Holdings Inc. (KNX) is also up 1.96% in trading on the day while keeping a a downtrend of -16.46% over the past year. If we look at the PE ratio, we find that J.B. Hunt Transport Services Inc.’s ratio stands at 18.63 compared to Old Dominion Freight Line Inc.’s 24.15 and TFI International Inc.’s 8.26. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 2.37% and 2.47% respectively in the last trading.

If we refocus on J.B. Hunt Transport Services Inc. (NASDAQ:JBHT), historical trading data shows that trading volumes averaged 0.93 million over the past 10 days and 749.90K over the past 3 months. The company’s latest data on shares outstanding shows there are 104.25 million shares.

The 0.70% of J.B. Hunt Transport Services Inc.’s shares are in the hands of company insiders while institutional holders own 80.20% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.53 million on Jul 14, 2022, giving us a short ratio of 3.9. The data shows that as of Jul 14, 2022 short interest in J.B. Hunt Transport Services Inc. (JBHT) stood at 2.44% of shares outstanding, with shares short falling to 2.85 million registered in Jun 14, 2022. Current price change has pushed the stock -19.12% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JBHT stock continues to rise going into the next quarter.

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