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J.B. Hunt Transport Services, Inc. (JBHT - Free Report) saw a decline in several of its key segments in the second quarter. This Zacks Rank #5 (Strong Sell) is expected to see declining earnings this year.
J.B. Hunt Transport provides supply chain solutions throughout North America, utilizing intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile and more.
The company went public in 1983 and is a component of the Dow Jones Transportation Average.
A Beat in the Second Quarter
On July 15, J.B. Hunt reported its second quarter results and beat the Zacks Consensus by 2 cents. Earnings were $1.37 versus the consensus of $1.35.
Revenue rose 6% to $2.26 billion from $2.14 billion a year ago. Revenue growth was mainly due to a 19% in revenue producing trucks and an 8% increase in truck productivity in Dedicated Contract Services (DCS), partially offset by an 8% decline in volume in Intermodal (JBI), a 7% decline in volume in Integrated Capacity Solutions (ICS) and fewer tractors operating in Truck (JB) compared to the prior year.
Intermodal is its largest segment. Revenue fell 1% to $1.15 billion.
Dedicated Contract Services jumped 28% to $680 million while Integrated Capacity Solutions and Truck both fell. Integrated fell 4% to $334 million while Truck declined 2% to $99.6 million.
Shares Trail in 2019
It's been a tough year for the shares of J.B. Hunt Transport as they're up just 9.5% year-to-date, which trails the NASDAQ which is up 25% over the same period.
It is shareholder friendly, as it purchased $190 million in shares in the second quarter and has $181 million left, as of June 30, 2019, under its buyback authorization.
J.B. Hunt Transport also pays a dividend, currently yielding 1%.
But if you're looking for a trucking company that is expected to grow earnings this year, you might want to consider Old Dominion Freight Line (ODFL - Free Report) . It already reported and is a Zacks Rank #3 (Hold). Earnings are expected to rise 7.2% this year.
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Bear of the Day: J.B. Hunt Transport (JBHT)
J.B. Hunt Transport Services, Inc. (JBHT - Free Report) saw a decline in several of its key segments in the second quarter. This Zacks Rank #5 (Strong Sell) is expected to see declining earnings this year.
J.B. Hunt Transport provides supply chain solutions throughout North America, utilizing intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile and more.
The company went public in 1983 and is a component of the Dow Jones Transportation Average.
A Beat in the Second Quarter
On July 15, J.B. Hunt reported its second quarter results and beat the Zacks Consensus by 2 cents. Earnings were $1.37 versus the consensus of $1.35.
Revenue rose 6% to $2.26 billion from $2.14 billion a year ago. Revenue growth was mainly due to a 19% in revenue producing trucks and an 8% increase in truck productivity in Dedicated Contract Services (DCS), partially offset by an 8% decline in volume in Intermodal (JBI), a 7% decline in volume in Integrated Capacity Solutions (ICS) and fewer tractors operating in Truck (JB) compared to the prior year.
Intermodal is its largest segment. Revenue fell 1% to $1.15 billion.
Dedicated Contract Services jumped 28% to $680 million while Integrated Capacity Solutions and Truck both fell. Integrated fell 4% to $334 million while Truck declined 2% to $99.6 million.
Shares Trail in 2019
It's been a tough year for the shares of J.B. Hunt Transport as they're up just 9.5% year-to-date, which trails the NASDAQ which is up 25% over the same period.
It is shareholder friendly, as it purchased $190 million in shares in the second quarter and has $181 million left, as of June 30, 2019, under its buyback authorization.
J.B. Hunt Transport also pays a dividend, currently yielding 1%.
But if you're looking for a trucking company that is expected to grow earnings this year, you might want to consider Old Dominion Freight Line (ODFL - Free Report) . It already reported and is a Zacks Rank #3 (Hold). Earnings are expected to rise 7.2% this year.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
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