Sneak Preview of J.B. Hunt Transport Services, Inc. (JBHT) 2Q20 Earnings

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J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) is expected to report second quarter earnings results, after market close, on Thursday 16th July 2020.

Analysts polled by Thomson Reuters anticipate second quarter income of $ 0.83 per share.

Looking ahead, the full year income are expected at $ 4.16 per share on the revenues of $ 8870.59 million.

Previous Quarter Performance

J.B. Hunt Transport Services, Inc. reported income for the first quarter of $ 0.98 per share, from the revenue of $ 2,280.83 million. The quarterly earnings lowered 10.09 percent while revenues improved 9.15 percent compared with the same quarter last year.
According to street consensus, JBHT was expected to report 1Q20 income of $ 1.01 per share from revenue of $ 2201.71 million. The bottom line results missed street analysts by $ 0.03 or 2.97 percent, at the same time, top line results outshined analysts by $ 79.12 million or 3.59 percent.

Historical Earnings Performance
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Click Here For More Historical Earnings Of J.B. Hunt Transport Services, Inc.

Stock Performance

According to the previous trading day, closing price of JBHT was $ 119.81, representing a 59.13 % increase from the 52 week low of $ 75.29 and a 2.11 % decrease over the 52 week high of $ 122.39.

J.B. Hunt Transport Services, Inc. has fifty day simple moving average price of $ 107.12 and its two-hundred day simple moving average price is $ 106.24.

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Recent Analyst recommendations

On 15th July 2020, maintained by Raymond James at Outperform rating, with $ 140.00 target price.

On 15th July 2020, maintained by Barclays at Equal-Weight rating, with $ 115.00 target price.

On 8th July 2020, maintained by Citigroup at Neutral rating, with $ 137.00 target price.

On 23rd June 2020, upgraded by KeyBanc to Overweight from Sector Weight rating.

On 17th June 2020, maintained by Deutsche Bank at Sell rating, with $ 98.00 target price.

Recent Stock Dividend Announcement

On April 23, 2020, the board of directors authorized quarterly dividend of $ 0.27 per share to holders of record as of the close of business on May 8, 2020, with payment date of May 22, 2020 and ex-dividend date on May 7, 2020.

Conference Call

J.B. Hunt Transport Services, Inc. will be hosting a conference call at 5:00 PM eastern time on 16th July 2020, to discuss its 2Q20 financial results with the investment community. The participants may dial, 1-833-397-0851 U.S. or 516-575-8759 Outside U.S., with passcode : 6252006 in order to access the live audio call. 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).