Citigroup and
B of A Securities maintains their buy recommendation on
J.B. Hunt Transport Services (JBHT). Despite underperforming in the stock market compared to its competitors,
Truist Financial Corp has increased their holdings in the company. The company missed Q4 and Q1 earnings and revenue estimates, yet it managed to declare a $0.43 quarterly dividend. Amid high debt levels, the company has been focusing on its DCS segment.
J.B Hunt has made major leadership changes and plans to purchase BNSF Brokerage Business. Despite weaker volumes, their Fourth-Quarter revenue exceeded street expectations. They announced a downgrade on weak near-term outlook, and presented a weak Q1 report, resulting in a decline of their Q4 and full year 2023 Earnings. However, investing in the company five years ago would have yielded a 106% gain. The company has a new CEO,
Shelley Simpson. Despite witnessing a weak FY23 end, the balance sheet remains strained. The Q4 earnings did not meet the estimated values. The company forecasts a larger dividend payout and will participate in three upcoming investor conferences.
Jb Hunt Transport Services JBHT News Analytics from Mon, 16 Oct 2023 07:00:00 GMT to Fri, 10 May 2024 03:10:17 GMT -
Rating 0
- Innovation -5
- Information 3
- Rumor -5
