Brokerages Anticipate JB Hunt Transport Services, Inc

Brokerages Anticipate JB Hunt Transport Services, Inc”

The dedicated operation saw second quarter revenue increase 8% to $412 million while operating income fell 4% to $49 million as a net additional 486 revenue producing trucks, 226 net additions compared to first quarter 2017, were in the fleet by the end of the quarter compared to prior year.

The company said second-quarter earnings per share was 88 cents, less than the FactSet consensus of 91 cents and down from 92 cents in the same quarter past year.

Analysts had expected the company to earn $0.92 per share, according figures compiled by Thomson Reuters. The legal version of this report can be read at The firm had revenue of $1.73 billion for the quarter, compared to the consensus estimate of $1.74 billion.

Operating income for the current quarter totaled $164 million versus $176 million for the second quarter 2016, a 7% decline.

-Earnings (Q2): $97.87 Mln. vs. $105.01 Mln. a year ago. For the next fiscal year, analysts forecast that the firm will post earnings of $4.51 per share, with EPS estimates ranging from $4.25 to $4.80. Investment analysts at KeyCorp dropped their FY2017 earnings per share (EPS) estimates for shares of J.B. Hunt Transport Services in a research note issued to investors on Thursday. The company's revenue for the quarter was up 6.6% on a year-over-year basis. They issued a hold rating and a $92.00 price target on the stock. The stock has a 50 day moving average price of $86.98 and a 200-day moving average price of $93.14. Stifel Nicolaus restated a "hold" rating and issued a $88.00 price target on shares of J.B. Hunt Transport Services in a research note on Friday, June 23rd. Bronfman E.L. Rothschild L.P. boosted its stake in shares of J.B. Hunt Transport Services by 3.4% in the first quarter.

A number of equities research analysts have recently issued reports on the company. If you are accessing this story on another domain, it was illegally stolen and republished in violation of global trademark & copyright legislation. Accern also gave news headlines about the transportation company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the near future. J B Hunt Transport Services Inc has a 52 week low of $76.20 and a 52 week high of $102.38. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 23.85 and a beta of 0.93. Credit Suisse Group reiterated a "buy" rating and set a $103.00 price target (down from $107.00) on shares of J.B. Hunt Transport Services in a research report on Friday, March 31st. Vertical Research initiated coverage on shares of J.B. Hunt Transport Services in a report on Thursday, April 13th.

Shares of J.B. Hunt Transport Services (NASDAQ:JBHT) opened at 91.85 on Monday. Finally, USA Financial Portformulas Corp purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $2,682,000. Van ECK Associates Corp now owns 1,373 shares of the transportation company's stock worth $133,000 after buying an additional 75 shares during the period. Aviva PLC now owns 58,750 shares of the transportation company's stock worth $5,703,000 after buying an additional 3,548 shares in the last quarter. Aviva PLC boosted its stake in shares of J.B. Hunt Transport Services by 6.4% in the fourth quarter. GSA Capital Partners LLP purchased a new position in J.B. Hunt Transport Services during the fourth quarter valued at $515,000.

J.B. Hunt Transport Services, Inc is a surface transportation, delivery, and logistics company in North America.

In a news release, the company said the benefits of volume growth and revenue producing truck counts were offset by a host of higher costs, including start-up costs associated with new Dedicated Contract Services contracts, driver wages, driver recruiting costs, and equipment and facilities maintenance costs. The Company, through its subsidiaries, provides transportation and delivery services to a range of customers and consumers throughout the continental United States, Canada and Mexico.

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