J B Hunt Transport Services Inc (JBHT) reported quarterly earnings results on Monday, Apr-18-2016. The company said it had a profit of $0.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.85. The company posted revenue of $1528.70 million in the period, compared to analysts expectations of $1527.88 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.78 EPS.
Many Wall Street Analysts have commented on J B Hunt Transport Services Inc. BB&T Capital Mkts Upgraded J B Hunt Transport Services Inc on Jan 25, 2016 to ” Buy”, Price Target of the shares are set at $83.Shares were Reiterated by RBC Capital Mkts on Jan 22, 2016 to “Outperform” and Lowered the Price Target to $ 85 from a previous price target of $88 .
J B Hunt Transport Services Inc closed down -0.19 points or -0.22% at $85.43 with 10,24,541 shares getting traded on Friday. Post opening the session at $85.34, the shares hit an intraday low of $84.23 and an intraday high of $86.65 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Mar 18, 2016, Nicholas Hobbs (EVP, President DCS) sold 3,640 shares at $82.43 per share price. According to the SEC, on Dec 3, 2015, David G Mee (Secretary) sold 6,000 shares at $77.82 per share price. On Jul 22, 2015, James K Thompson (Chairman of the Board) sold 38,860 shares at $82.97 per share price, according to the Form-4 filing with the securities and exchange commission.
J.B. Hunt Transport Services Inc. is a holding company that together with its wholly owned subsidiaries is engaged in providing surface transportation delivery and logistics services. The Company operates in four segments: Intermodal (JBI) Dedicated Contract Services (DCS) Integrated Capacity Solutions (ICS) and Truck (JBT). The JBI segment includes freight that is transported by rail and certain repositioning truck freight moved by JBI equipment or third-party carriers. DCS segment includes company-owned and customer-owned DCS-operated revenue equipment and employee drivers assigned to a specific customer traffic lane or service. ICS provides non-asset and asset-light transportation solutions. ICS services include flatbed refrigerated and less-than-truckload (LTL) as well as a variety of dry-van and intermodal solutions. JBT business includes full-load dry-van freight that is typically transported utilizing company-owned or company-controlled revenue equipment.