J.B. Hunt Transport Services, Inc. (JBHT
reported lower first quarter earnings on Monday, missing analysts' earnings estimates.
JBHT's Earnings in Brief
- JBHT reported first quarter earnings of $68.7 million, or 58 cents per share, down from $73.3 million, or 61 cents per share, a year ago.
- Revenue for the quarter was $1.41 billion, up from $1.29 billion last year.
- On average, analysts expected to see earnings of 62 cents and $1.40 billion in revenue.
John N. Roberts, III, President and CEO of JBHT, noted: “It was evident that the weather in the first quarter, particularly in January and February, played a significant role in both our growth and profitability. Feedback from our customers about their business expectations for the remainder of the year gives us encouragement that growth should return to our previously announced ranges. While additional costs incurred this quarter due to the severity of the winter weather should become less pronounced, increases in driver costs, equipment costs and insurance costs are more likely to persist and must be recovered from the marketplace through revenue management in the bid cycles and customer contract discussions."
JBHT paid its last dividend on February 27. We expect the company to declare its next dividend sometime in April or May.
J.B. Hunt Transport Services shares were mostly flat during pre-market trading Monday. The stock is down 7.49% YTD.
JBHT Dividend Snapshot
As of 8:19am on April 14, 2014
Click here to see the complete history of JBHT dividends.
The Bottom Line
J.B. Hunt Transport Services, Inc. (JBHT) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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