J.B. Hunt Transport Services (NASDAQ:JBHT) is currently under the radar due to mixed performance indicators. Various investment firms are adjusting their stock positions with QRG Capital Management and EverSource Wealth Advisors selling shares, while other companies acquire. The company experienced a 19% slip in Q2 and missed Q1 and Q2 2024 earnings forecasts. Despite underperforming the market, the company announced a quarterly dividend.
There are promising collaborations such as an autonomous long-haul trucking project with Bridgestone and Kodiak, surpassing 50,000 miles. However, the company experienced segmental weakness and high debt that hampered its earnings. J.B. Hunt's return on capital has hit a brake, missing Q2 earnings per share estimates by 18c, and it's share price has been sliding despite strong fundamentals.
On the positive side, J.B.Hunt has appointed Shelley Simpson as the new CEO and President, introduced long-term intermodal growth plans and announced a multi-year intermodal service deal with Walmart.
Jb Hunt Transport Services JBHT News Analytics from Thu, 11 Jan 2024 08:00:00 GMT to Sun, 11 Aug 2024 15:06:44 GMT - Rating 0 - Innovation -5 - Information -3 - Rumor -2
