J.B. Hunt Transport Services, Inc. (JBHT) experienced a challenging Q2 2024, missing earnings estimates and seeing a 19% stock slip within this period. Additionally, JBHT's earnings per share (EPS) for Q2 ended up 18 cents short of analyst expectations. Despite these results, several investors made notable purchases including
TIAA Trust National Association who established new holdings and
Mirae Asset Global Investments. Elsewhere, the stock was also underperforming when compared to competitor companies on certain trading days. Nevertheless, the
company declared a quarterly dividend of $0.43. Analysts at Loop Capital and TD Cowen lowered their price targets for the stock to $173 and $161 respectively while BMO Capital Markets increased theirs to $195. The company's
Q2 2024 earnings call presentation has been made available, and it is noted by observers that the company's troubles may extend beyond the current downturn. Despite missing expectations on revenue and earnings, it is observed that the JBHT stock has performed better than its underlying earnings growth over the last five years.
Jb Hunt Transport Services JBHT News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Sun, 21 Jul 2024 23:35:19 GMT -
Rating -5
- Innovation -1
- Information 8
- Rumor -3
