J B Hunt Transport Services Inc (JBHT) announced its most recent quarterly financial results on Monday, Oct-17-2016. JBHT reported $0.97 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $1.02. The company posted revenue of $1690.70 million in the period, compared to analysts expectations of $1678.51 million. JBHT’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.99 EPS.
Many Wall Street Analysts have commented on J B Hunt Transport Services Inc. J B Hunt Transport Services Inc was Upgraded by Buckingham Research to ” Buy” on Jul 26, 2016.
J B Hunt Transport Services Inc opened for trading at $80.37 and hit $81.06 on the upside on Friday, eventually ending the session at $80.02, with a gain of 0.11% or 0.09 points. The heightened volatility saw the trading volume jump to 13,93,215 shares. Company has a market cap of $9,017 M.
In a different news, on Aug 23, 2016, Nicholas Hobbs (EVP, President DCS) sold 1,201 shares at $83.30 per share price. According to the SEC, on Aug 10, 2016, David G Mee (Secretary) sold 6,408 shares at $81.93 per share price. On Jun 8, 2016, John N Roberts (President and CEO) sold 60,000 shares at $82.49 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.