Earnings Watch: JB Hunt Second Quarter Profit Falls

US truck

US truck

Finally, Cowen and Company reduced their price objective on J B Hunt Transport Services from $102.00 to $101.00 and set an "outperform" rating for the company in a report on Wednesday, April 19th. Zacks Investment Research raised J.B. Hunt Transport Services from a "sell" rating to a "hold" rating in a research report on Tuesday, June 6th. Vertical Research initiated coverage on shares of J.B. Hunt Transport Services in a research note on Thursday, April 13th. They set a "hold" rating and a $92.00 target price for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. J.B. Hunt Transport Services has a consensus rating of "Hold" and a consensus target price of $98.13. First Trust Advisors LP now owns 483,978 shares of the transportation company's stock worth $44,400,000 after buying an additional 415,801 shares during the last quarter. J.B. Hunt Transport Services has a 52 week low of $76.20 and a 52 week high of $102.38. The firm's 50-day moving average is $86.98 and its 200 day moving average is $93.14. JBHT's current price-earnings ratio amounts to 23.85 times earnings, below the average P/E ratio of 24.27 times earnings.

Shares of J.B. Hunt Transport Services Inc. dropped 2% in premarket trade Monday, after the trucking company reported second-quarter profit and sales that fell short of expectations.

The Nasdaq-listed firm said its net profit fell to US$97.9mln, or 88 U.S. cents a share in the second quarter, down from US$105.0mln, or 92 USA cents a share at the same stage a year earlier, and below the consensus estimate of 91 cents. Revenue rose 7% to $1.73 billion from $1.62 billion, but was just shy of the FactSet consensus of $1.74 billion, as misses in dedicated contract services and truck revenue offset a beat in the largest intermodal segment. J B Hunt Transport Services had a return on equity of 29.57% and a net margin of 6.30%. KeyCorp analyst T. Fowler now expects that the transportation company will post earnings per share of $3.90 for the year, down from their prior estimate of $3.95. Stifel adjusted its EPS estimates for J.B. Hunt for 2017 from $3.80 to $3.75, left the 2018 estimate unchanged at $4.25; and for 2019, lowered it from $4.90 to $4.75.

J.B. Hunt Transport Services, Inc. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued.

10/18/2016 - J.B. Hunt Transport Services, Inc. had its " rating reiterated by analysts at Robert W. Baird. (NASDAQ:JBHT) remains a cheap stock. If you are accessing this report on another site, it was illegally stolen and reposted in violation of worldwide trademark & copyright law. The original version of this piece can be accessed at https://www.baseball-news-blog.com/2017/07/19/oppenheimer-asset-management-inc-invests-1-40-million-in-j-b-hunt-transport-services-inc-jbht-updated-updated.html.

Several hedge funds have recently made changes to their positions in JBHT. First Trust Advisors LP increased its stake in shares of J.B. Hunt Transport Services by 609.9% in the first quarter. AQR Capital Management LLC now owns 13,626 shares of the transportation company's stock worth $1,323,000 after buying an additional 998 shares in the last quarter. The institutional investor bought 2,279 shares of the transportation company's stock, valued at approximately $209,000.

Shares of J.B. Hunt Transport Services (JBHT) opened at 91.85 on Monday. Global X Management Co. Renaissance Technologies LLC increased its stake in J.B. Hunt Transport Services by 423.1% in the first quarter. Finally, Vanguard Group Inc. increased its stake in shares of J.B. Hunt Transport Services by 4.1% in the first quarter.

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