Why Analysts Are Divided on J.B. Hunt Transport before Its 2Q17 Earnings
Out of 22 analysts, five analysts (22.7%) gave a “strong buy” recommendation on JBHT stock.
For fiscal 2017 and fiscal 2018, analysts estimate that J.B. Hunt Transport Services’ adjusted EPS could reach $3.95 and $4.50, respectively.
Wall Street analysts expect JBHT to attain a 9.8% operating margin, compared with its 10.9% operating margin in 2Q16.
The analysts surveyed by Reuters expect J.B. Hunt Transport Services’ (JBHT) 2Q17 revenues to reach $1.7 billion.
J.B. Hunt Transport Services (JBHT) is expected to announce its 2Q17 earnings on the morning of July 17, 2017. Although JBHT’s earnings are under pressure, its revenue growth has been steady.
Schneider National (SNDR) topped the list with a stock price gain of 6.5%. It was the top gainer in the logistics and air travel sector.
The majority of analysts have “hold” recommendations for full truckload carriers J.B. Hunt Transport Services (JBHT), Werner Enterprises (WERN), and Landstar System (LSTR).
SAIA reported an 8.4% rise in LTL shipments per workday in May 2017. The company’s LTL tonnage per workday also rose 7.5% compared to May 2016.
Trucking companies’ fuel surcharge revenues are directly tied to fuel prices. With the momentum in fuel prices, surcharge revenues are expected to pick up.
The advanced seasonally adjusted Truck Tonnage Index jumped 6.5% in May 2017 to 144.1 from 135.3 in April 2017.
In May 2017, Old Dominion Freight Line (ODFL) reported a 5.8% rise in LTL tons per day compared to May 2016.
Trucks (JBHT) carry the most freight in the United States. According to the US Department of Transportation, trucks hauled 65.5% of US–NAFTA freight.
During the week ending June 23, 2017, logistics provider C.H. Robinson Worldwide (CHRW) saw the biggest loss in the logistics and air travel sector.
Both Swift Transportation (SWFT) and Knight Transportation (KNX) expect their proposed merger to be accretive to their adjusted earnings per share.
The combination of Swift Transportation (SWFT) and Knight Transportation (KNX) will likely result in the largest truckload company in North America.
The announced deal between Swift Transportation (SWFT) and Knight Transportation (KNX) brings together two major truckload operators.
The proposed merger of Swift Transportation and Knight Transportation seeks to combine two of North America’s major truckload transportation companies under a common ownership.
On April 10, 2017, the North American trucking sector woke up to the ringing of merger bells. Major truckload carriers Swift Transportation and Knight Transportation announced that they would combine.
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