Key PointsJ.B. Hunt had a mixed quarter, but the good news was enough to move the market by 4%. An updraft is forming that could take this stock to an all-time high soon. Pricing remains depressed, but volume, a leading indicators is rising in critical areas. 5 stocks we like better than J.B. Hunt Transport ServicesJ.B. Hunt Transport Services NASDAQ: JBHT struggled in Q4, which will continue in the year's first half, but an inflection point is at hand. The timing of the inflection is uncertain, but volumes ...

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) announced today that its Board of Directors has declared a regular quarterly dividend on its common stock of $ 0.43 (forty three cents) per common share, which is a 2% increase over the previous quarterly dividend. The dividend is payable to stockholders of record on February 9, 2024 and will be paid on February 23, 2024. About J.B. Hunt J.B. Hunt Transport Services Inc. is on a mission to create the most efficient transportati ...

J.B. Hunt Transportation Services Inc. (JBHT, Financial) has a solid history of delivering long-term results for shareholders. Over the past 20 years, the company has delivered a total return of 1,570% compared to a total return of 517% delivered by the S&P 500. The company benefits from competitive advantages due to its size and scope of operations. However, J.B. Hunt currently trades at a slight premium valuation to the broader market and has growth prospects which are similar to the broader market. It is ...

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, today announced that Patrick Ottensmeyer has been elected the newest member of its board of directors, effective January 12, expanding the board to 10 total board seats. Ottensmeyer brings more than 17 years of rail industry experience to the company’s board. He served as president and CEO of Kansas City Southern (KCS), a Class I railroad, from 2015 to 2023, ...

J.B. Hunt Transport Services, Inc. (JBHT) is scheduled to report fourth-quarter 2023 results on Jan 18, after market close.Let’s see how things have shaped up for J.B. Hunt this earnings season.Q4 ExpectationsThe Zacks Consensus Estimate for J.B. Hunt’s fourth-quarter 2023 revenues is pegged at $3.24 billion, indicating an 11.31% decline year over year. The top line is likely to have been weighed down by weakness across the majority of its segments.The Zacks Consensus Estimate for the fourth-quarter Intermo ...

Analysts on Wall Street project that JB Hunt (JBHT) will announce quarterly earnings of $1.75 per share in its forthcoming report, representing a decline of 8.9% year over year. Revenues are projected to reach $3.24 billion, declining 11.3% from the same quarter last year.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 4.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Pri ...

LaylaBird Investment Rundown Almost half a year ago I covered J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) and concluded that the company appeared to offer a good entry point to make a buy. Since the article, the stock price is up around 9.15% now and I think as we have now entered 2024 it remains an appealing stock to buy or hold onto to benefit from the likely rate decreases in the second half of 2024. My thesis now revolves around increased economic spending which would provide higher demand for the ...

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced today that it expects to issue fourth quarter 2023 earnings at the close of the market Thursday, January 18, 2024. It will hold a conference call from 4:00-5:00 p.m. CST on the same day to discuss the quarterly results and answer questions from the investment community. An online, real-time webcast of the quarterly conference call will be available at investor.jbhunt.com on January 18 at 4:00 p.m. CST. An online repl ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number: 0-11757 J.B. HUNT TRANSPORT SERVICES, INC. (Exact name of registrant as specified in its charter) Arkansas 71-0335111 (State or other jurisdiction (I.R.S. Employ ...

Financial Data and Key Metrics - Consolidated revenue declined 18% YoY, operating income declined 33%, and diluted EPS decreased 30% in Q3 2023, driven by lower freight volumes, yields, and inflationary cost pressures [40] - Effective tax rate lowered to 18.2% due to a discrete tax item, impacting earnings by $0.16 per share [11] - Repurchased approximately 267,000 shares in Q3 2023 [12] Business Line Performance - Intermodal volumes inflected positively for the first time in three quarters, with volumes up 4% in September [17][18] - ICS segment gross revenue declined 48% YoY, driven by a 38% decline in volume and a 17% decline in revenue per load [34] - JBT segment gross revenue declined 17% YoY, driven by a 22% decline in revenue per load, partially offset by a 6% increase in volumes [66] - Final mile business showed year-over-year improvement in profitability despite lower revenue [14] Market Performance - Intermodal volumes grew across both transcontinental and eastern networks, indicating increased customer demand [18] - Final mile segment saw a slight uptick in demand across some end markets, though furniture deliveries remained weak [14] - Brokerage environment remains challenged, with muted truckload demand in the spot market [34] Strategy and Industry Competition - Company remains committed to disciplined long-term investments in people, technology, and capacity to drive efficiency and value for customers [7][8] - Focus on converting highway freight to intermodal to reduce costs and carbon emissions [19] - Acquisition of BNSF Logistics brokerage assets aims to enhance efficiency and expand service offerings [11][24] Management Commentary on Operating Environment and Outlook - Management believes the inventory destocking trend is moderating, with signs of recovery in intermodal volumes [38] - Pricing remains a lagging indicator, while volume is a leading indicator, with intermodal gaining market share [39] - Company is confident in its ability to deliver long-term sustainable returns despite current challenges [9] Other Important Information - Company completed cleaning older equipment, with a few hundred units spilling into Q4, but overall equipment backlog is resolved [16] - Safety investments include inward-facing cameras, with 60% of the fleet expected to be equipped by year-end [15] - Dedicated business remains resilient, with demand for outsourced private fleet solutions holding up well [43] Q&A Summary Question: Intermodal margin trends and cost pressures [35] - Answer: Cost pressures, including labor inflation, impacted margins, but sequential improvement in gross profit dollars per load was observed [52] Question: Peak season and capacity outlook [62] - Answer: Demand remains strong, with no equipment returning to storage, and customers are engaging in dialogue about future capacity needs [63] Question: Impact of BNSF Logistics acquisition [77] - Answer: Acquisition is expected to generate incremental $100M in revenue for ICS in Q4, with $5M-$6M in integration-related costs [87] Question: Driver availability and capacity rationalization [112] - Answer: Driver supply has improved but remains tight in some areas, with wages staying elevated. Brokerage market shows signs of carrier rationalization [113][131] Question: Intermodal pricing and dedicated retention [86] - Answer: Pricing remains under pressure, but service quality warrants discussions with customers about cost challenges. Dedicated retention dipped to 94% due to account losses and bankruptcies [86][93] Question: Long-term intermodal growth and CapEx [100] - Answer: Company remains disciplined in CapEx, focusing on long-term growth opportunities and customer demand for intermodal services [100][102]