J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is set to announce third quarter earning results on Friday 16th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, JBHT to report 3Q20 income of $ 1.27 per share.
For the full year, analysts anticipate top line of $ 9276.56 million, while looking forward to income of $ 4.80 per share bottom line.
Previous Quarter Performance
J.B. Hunt Transport Services, Inc. recorded income for the second quarter of $ 1.14 per share, from the revenue of $ 2,146.00 million. The quarterly earnings declined 16.79 percent while revenues reduced 5.11 percent compared with the same quarter last year.
According to street consensus, JBHT was expected to report 2Q20 income of $ 0.83 per share from revenue of $ 2010.40 million. The bottom line results beat street analysts by $ 0.31 or 37.35 percent, at the same time, top line results outshined analysts by $ 135.60 million or 6.74 percent.
Stock Performance
Shares of J.B. Hunt Transport Services, Inc. traded up $ 1.83 or 1.31 percent on Thursday, reaching $ 141.84 with volume of 962.90 thousand shares. J.B. Hunt Transport Services, Inc. has traded high as $ 142.60 and has cracked $ 137.77 on the downward trend
According to the previous trading day, closing price of $ 141.84, representing a 85.96 % increase from the 52 week low of $ 75.29 and a 3.01 % decrease over the 52 week high of $ 144.35.
The company has a market capital of $ 14.97 billion and is part of the Industrials sector and Integrated Shipping & Logistics industry.
Recent Analyst recommendations
- On 5th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 115.00 target price.
- On 2nd October 2020, upgraded by Susquehanna Bancshares to Positive from Neutral rating.
- On 24th September 2020, initiated by Wells Fargo & Co at Overweight rating, with $ 155.00 target price.
Recent Stock Dividend Announcement
On July 22, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on August 7, 2020, with payment date of August 21, 2020 and ex-dividend date on August 6, 2020.
Conference Call
J.B. Hunt Transport Services, Inc. will be hosting a conference call at 9:00 AM eastern time on 16th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.jbhunt.com
J.B. Hunt Transport Services, Inc., together with its subsidiaries, provides surface transportation and delivery services in the continental United States, Canada, and Mexico. It operates in four segments: Intermodal (JBI), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truckload (JBT).
