No Surprises in J.B. Hunt Earnings

J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) reported fiscal third-quarter results after markets closed today. For the quarter, the trucking and transport company posted diluted earnings per share (EPS) of $0.65 on revenues of $1.3 billion. In the same period a year ago, the company reported EPS of $0.57 on sales of $1.17 billion. Third-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.66 EPS and $1.28 billion in sales.

Excluding fuel surcharges, operating revenues increased by 10.5% year-over-year.

Revenue in the company's Intermodal segment rose 15% to $794 million, "primarily from the continued customer conversion of highway traffic to intermodal." Revenue per load was essentially flat compared with the same period a year ago. Operating income rose 25% year-over-year in the segment.

The company's improvement in its Intermodal segment was offset by revenue a decline in its Truck segment and growth of just 1% in its contract services business. Revenue per unit of measure fell in all segments, although the difference in the Intermodal segment was just $1 per truckload.

The company did not offer any further guidance in its published release. The consensus estimate for the fourth quarter calls for EPS of $0.70 on revenue of $1.32 billion. For the 2012 fiscal year, EPS is reckoned at $2.60 on revenue of $5.02 billion.

J.B. Hunt, like FedEx Corp. (NYSE: FDX) and other carriers, face rising operating costs and tighter margins. The company managed that pretty well. Hunt's gross operating margin in the third quarter was 10.3%, up slightly from 10.1% in the same period a year ago.

Hunt's shares are up about 4% in after-hours trading at $57.00 in a 52-week range is $38.13 to $61.18. Thomson Reuters had a consensus analyst price target of around $59.57 before today's report.

Paul Ausick

Read Full Story


NASDAQ 6,992.67 -174.01 -2.43%
S&P 500 2,588.26 -55.43 -2.10%
DJIA 23,533.20 -424.69 -1.77%
NIKKEI 225 20,617.86 -974.13 -4.51%
HANG SENG 30,309.29 -761.76 -2.45%
DAX 11,886.31 -213.77 -1.77%
USD (per EUR) 1.24 0.00 0.28%
USD (per CHF) 0.95 0.00 0.00%
JPY (per USD) 104.73 -0.23 -0.22%
GBP (per USD) 1.41 0.00 0.17%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.