|Bid||92.86 x 900|
|Ask||92.91 x 800|
|Day's Range||92.47 - 94.93|
|52 Week Range||92.47 - 131.74|
|Beta (3Y Monthly)||0.95|
|PE Ratio (TTM)||13.07|
|Forward Dividend & Yield||0.96 (0.98%)|
|1y Target Est||N/A|
To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed over the past few years. However, hedge funds are generally partially hedged and […]
Freighters loaded with coal and oil are using an array of tactics to keep trade flowing and avoid U.S. pressure, according to the investigative reporting of the Wall Street Journal. Over the past two years, the U.S. and United Nations have hammered down the tightest sanctions ever applied to North Korea. Ships continue sailing to and from North Korean ports, carrying hundreds of millions of dollars-worth of fuel, coal, and other products.
We're back from the exhilarating days of Marketwaves18. It would fill a lot of space to discuss everything we've seen and heard—and we've written plenty of stories on it that you can see on FreightWaves—but ...
JB Hunt (JBHT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
JB Hunt Transport Services Inc (NASDAQ:JBHT) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. Read More...
Inc., its main trucking partner, in an escalating dispute over how the companies split revenue from their truck-rail intermodal business. It is the second time both have sought arbitration during their nearly three decades of working together to move freight long distances using J.B. Hunt trucks and contractors over BNSF’s rail network. J.B. Hunt’s intermodal unit is its largest, and generated $4.08 billion in 2017, or 57% of the Lowell, Ark., trucker’s revenue.
Ryder System (R) provides commercial fleet management, dedicated transportation services, and supply chain solutions. Today, the company announced its third-quarter earnings before the market opened.
Trucking companies are flexing their pricing power, pushing retailers and manufacturers to pay more to buy into a strong U.S. economy and adding to inflation pressures in supply chains. Third-quarter reports from major trucking companies suggest gains are being driven by tight capacity that is pushing shippers to pay more to move goods, even as volume indicates the high demand that flooded truckers with freight earlier in the year is leveling off. Revenue at the Knight Trucking segment rose 31%, and operating profit at the unit increased to $56.5 million from $8.6 million.
After intense selling this week, next week might usher in some buying, Jim Cramer told his Mad Money viewers Friday, as he laid out his game plan for next week's action. Cramer said Bank of America is cheap, but could go lower, while J.B. Hunt should shed some light on the shortage of truck drivers. Cramer endorsed buying these two best-of-breed names.
Werner Enterprises (WERN) is ranked among the five largest truckload (IYT) companies in the United States. The company announced its third-quarter results on October 18 after the market closed. Werner Enterprises exceeded Thomson Reuters-surveyed analysts’ adjusted EPS estimate of $0.59 by 7.3%. The company’s adjusted EPS of $0.64 during the third quarter rose 106.4% YoY—compared to $0.31 in the third quarter of 2017.
On October 18, Canadian Pacific Railway (CP) announced its third-quarter earnings after the markets closed. It reported adjusted EPS of 4.12 Canadian dollars, which surpassed Thomson Reuters–surveyed analysts’ average estimate of 4.07 Canadian dollars by 1.2%.
J.B. Hunt Transport Services (JBHT) has a consensus rating of 2.25, which reflects a “buy.” The company is covered by 24 analysts polled by Thomson Reuters. Notably, none of the analysts changed their recommendations for J.B. Hunt after its third-quarter results. Seven (29.2%) analysts recommended a “strong buy,” five (20.8%) recommended a “buy,” 11 (45.8%) recommended a “hold,” and one (4.2%) recommended a “sell.”
In this part, we’ll discuss J.B. Hunt Transport Services’ (JBHT) operating profit and operating margin in the third quarter. The company’s operating profit grew 6.1% YoY (year-over-year) to $174.6 million in the third quarter from $164.9 million in the third quarter of 2017.
The Truckload segment is J.B. Hunt Transport Services’ (JBHT) smallest segment in terms of its revenues. The segment’s share in J.B. Hunt’s third-quarter revenues declined 0.2% to 4.8% from 5.0% in the same period in 2017. The above graph reveals that the company’s Truck segment’s revenue growth in the third quarter was highest in the last eight quarters.
J.B. Hunt Transport Services’ (JBHT) ICS (Integrated Capacity Solutions) segment’s revenues were $346.0 million in the third quarter—up 28.6% YoY (year-over-year) from $269.0 million. For J.B. Hunt, this non-asset-based segment is the third-largest total revenue source.
The DCS (Dedicated Contract Services) segment is J.B. Hunt Transport’s (JBHT) second-largest segment in terms of revenues. In the third quarter, the segment’s revenue share was 24.7%—up 0.9% from 23.8% in the third quarter of 2017. The segment’s third-quarter revenues rose 24% YoY to $543.0 million from $438.0 million in the third quarter of 2017.
On October 15, North America’s major trucking giant J.B. Hunt Transport Services (JBHT) announced its third-quarter earnings after the market closed. The company reported an adjusted EPS of $1.47, which exceeded analysts’ estimate of $1.40 by 5%. The analysts were surveyed by Thomas Reuters. J.B. Hunt’s adjusted EPS in the third quarter rose 52% YoY (year-over-year) from $0.96 in the third quarter of 2017.
The Ocean Network Express business formed from the country’s big three carriers expects to lose $600 million in its first year of operations, the WSJ’s Costas Paris reports, the biggest in a series of financial setbacks by carriers this year. Fuel prices are soaring, and an early surge in peak-season shipping driven by trade tensions came just as ONE was trying to get its bearings. Inc. raised truck driver pay at a double-digit pace in the third quarter, the WSJ Logistics Report’s Jennifer Smith writes, signaling that freight operators are paying up to meet strong shipping demand.
One of the main tenets of Dow Theory is that major trends are identified when a major average such as the Dow Jones Transportation Average moves beyond its previous swing high/low and is then confirmed by movements in other indexes. As a result, many active traders tend to keep a close eye on the transportation sector and look to it as a leading indicator that can predict the movements of the broader market. As discussed above, the transportation sector is often looked to as a leading indicator that points to how traders expect the broader market to behave.