|Bid||0.00 x 1400|
|Ask||0.00 x 1400|
|Day's Range||97.24 - 99.30|
|52 Week Range||83.64 - 127.93|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||23.04|
|Forward Dividend & Yield||1.04 (1.06%)|
|1y Target Est||N/A|
Investors will get a pulse of the current state of the transportation industry when Kansas City Southern reports quarterly results ahead of the opening bell on Friday.
U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes. Johnson & Johnson shares slipped 1.6% after the diversified healthcare company warned that competition from generic and copycat drugs could impact its third-quarter results.
An out-of-nowhere upside earnings surprise from trucker J.B. Hunt is putting investors on track for a new way to make money: Transportation stocks.
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Capricor Therapeutics, Inc. (NASDAQ: CAPR ...
J.B. Hunt Transport Services stock surged after the trucking and logistics firm’s second-quarter earnings weren’t as bad as feared. But analysts still are neutral on the stock.
(Bloomberg) -- J.B. Hunt Transport Services Inc. surged the most in six months as a company forecast eased investor concerns about a prolonged recession in the trucking industry.Intermodal cargo volume will improve in the second half of 2019, reversing a slide in truckloads during the first six months of the year, J.B. Hunt told analysts on a conference call late Monday. That soothed concerns that the trucking industry’s slump would get worse.“No doom, no gloom and a glimmer of hope,” Cowen & Co. analyst Jason Seidl said Tuesday in a note to clients about J.B. Hunt’s second-quarter earnings.The results also buoyed J.B. Hunt’s rivals after months of rising worry over truckers. Freight haulers have struggled this year from sluggish demand, after U.S.-China trade tensions last year prompted shippers to build up inventories of Chinese products ahead of potential tariffs. Truckers have also suffered from weakness in factory output, despite a better performance in that gauge last month.J.B. Hunt jumped 8.4% to $100.39 at 10:44 a.m. in New York, the biggest gain on the S&P 500 Index, after surging as much as 9.3% for the most intraday since Jan. 18. Knight-Swift Transportation Holdings Inc., Ryder Systems Inc. and XPO Logistics Inc. also advanced, as a Standard & Poor’s trucking index posted the biggest intraday gain in three years.Truckers still face plenty of uncertainty. Truckload rates from a year earlier have declined every month since January. Truck tonnage fell 6.1% in May, cooling off after a large gain in April, according to the American Trucking Associations.The earnings of Lowell, Arkansas-based J.B. Hunt results were “not bad, but not all that good either,” Allison Landry, an analyst at Credit Suisse Group AG, said in a report. She said she wasn’t convinced that trucking rates have bottomed.To contact the reporter on this story: Jack Pitcher in New York at email@example.comTo contact the editors responsible for this story: Brendan Case at firstname.lastname@example.org, Tony RobinsonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Buy transports at the bottom of the freight cycle, starting with the cheapest companies that have plausible self-help stories, Goldman Sachs' new transport equities analyst Jordan Alliger counseled in a recent note. UPS Inc (NYSE: UPS), FedEx Corp (NYSE: FDX) and J.B. Hunt (NASDAQ: JBHT) received ‘Buy' ratings.
JB Hunt (NASDAQ: JBHT ) posted net earnings of $133.6 million, or $1.23 a share in the second quarter of 2019, down from $151.7 million, or $1.37 a share in the same period a year ago. The company's earnings ...
Shares of J.B. Hunt Transport Services Inc. shot up 7.2% in premarket trading Tuesday, after the trucking company reported a second-quarter profit that beat expectations, while intermodal revenue fell a bit shy. Net income fell to $133.6 million, or $1.23 a share, from $151.7 million, or $1.37 a share, in the year-ago period. The results included a pre-tax charge of 14 cents a share from insurance claim costs. Excluding the charge, adjusted earnings per share of $1.37 beat expectations of $1.34, according to FactSet. Total revenue rose 5.7% to $2.26 billion, in line with the FactSet consensus. Intermodal revenue fell 1% to $1.15 billion to miss the FactSet consensus of $1.18 billion, as a "softer freight market limited the ability to offset rail network rationalization effects" in the Eastern network. The intermodal revenue decline reflected an 8% fall in volume and a 7% increase in revenue per load. The stock has slipped 0.5% year to date through Monday, while the Dow Jones Transportation Average has advanced 15.6% and the Dow Jones Industrial Average has hiked up 17.3%.
J.B. Hunt's (JBHT) top line in second-quarter 2019 increase year over year, courtesy of the Dedicated Contract Services segment's impressive performance.
JB Hunt shares shares traded sharply higher Tuesday after the second-largest U.S. trucking group posted stronger-than-expected second quarter revenues and pointed to a pick-up in overall volumes in the second half of the year.
J.B Hunt (NASDAQ:JBHT) announced its quarterly earnings figures today, which likely made investors happy as the business brought in a profit that surpassed what analysts predicted in the Wall Street guidance, playing a role in lifting JBHT stock more than 6% after hours today.The trucking and transportation services business -- based out of Lowell, Ar. in the northwest part of the state -- unveiled net income of $133.6 million during the second quarter of the brand's fiscal year. This amounted to $1.23 per share in profit, or $1.37 per share when adjusting for non-recurring costs.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.35 per share. J.B. Hunt added that it amassed net sales of $2.26 billion for the quarter, which was below what analysts predicted.Five analysts polled by Zacks called for revenue of $2.28 billion.JBHT stock is up about 6.4% after the bell on Monday following the company's quarterly earnings results. Shares had been sliding about 0.4% during regular trading hours, but this is an insignificant figure since J.B. Hunt's figures for the period had yet to be unveiled.The stock has declined about 24% over the course of the last 12 months, with shares now selling at $92.58 per share, although this amount is only the Monday closing price. More From InvestorPlace * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond * 7 Dependable Dividend Stocks to Buy * 7 Retail Stocks to Buy for the Second Half of 2019 * 10 Stocks to Sell for an Economic Slowdown The post J.B. Hunt Transport Earnings: JBHT Stock Soars as Profit Tops Guidance appeared first on InvestorPlace.
JB Hunt (JBHT) delivered earnings and revenue surprises of 1.48% and -0.63%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
Investing.com - JB Hunt (NASDAQ:JBHT) reported second quarter earnings that missed analysts' expectations on Monday and revenue that was inline with forecasts.
Earnings of $1.95 per share for Citi easily beat the $1.80 expected and the $1.62 in the year-ago quarter. Revenues of $18.758 billion topped the $18.31 billion in the Zacks consensus.