Switch to:
J.B. Hunt Transport Services, Inc. (NAS:JBHT)
Shares Outstanding
119 Mil (As of Dec. 2013)

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. J.B. Hunt Transport Services, Inc.'s shares outstanding for the quarter that ended in Dec. 2013 was 119 Mil.

J.B. Hunt Transport Services, Inc.'s quarterly shares outstanding declined from Sep. 2013 (119 Mil) to Dec. 2013 (119 Mil). It means J.B. Hunt Transport Services, Inc. bought back shares from Sep. 2013 to Dec. 2013 .

J.B. Hunt Transport Services, Inc.'s annual shares outstanding declined from Dec. 2012 (120 Mil) to Dec. 2013 (119 Mil). It means J.B. Hunt Transport Services, Inc. bought back shares from Dec. 2012 to Dec. 2013 .


Definition

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.


Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.

If a company buys back shares, we should also observe negative number for Net Issuance of Stock in its cash flow statement. If a company issues shares, we will observe positive number of Net Issuance of Stock.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


Related Terms

Net Issuance of Stock, Buy Back Rate


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

J.B. Hunt Transport Services, Inc. Annual Data

Dec04Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
Shares Outstanding 166163152138129129128122120119

J.B. Hunt Transport Services, Inc. Quarterly Data

Sep11Dec11Mar12Jun12Sep12Dec12Mar13Jun13Sep13Dec13
Shares Outstanding 121119120120120120120119119119
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK
Hide