Transportation

J.B. Hunt Muddles Along

Trucks
Source: Thinkstock
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) reported fiscal first quarter 2013 results after markets closed today. For the quarter, the trucking and transport company posted diluted earnings per share (EPS) of $0.61 on revenues of $1.29 billion. In the same period a year ago, the company reported EPS of $0.57 on sales of $1.17 billion. First-quarter results compare to the Thomson Reuters consensus estimates for EPS of $0.64 EPS and $1.29 billion in sales.

Revenue in the company’s Intermodal segment rose 15% to $796 million, due mainly to volume growth and higher revenue per load. Operating income rose 22% year-over-year in the segment.

The odd thing about Hunt’s growth is that it seems to have hit a wall at around $0.67 a share after a big jump of $0.10 a share in the second quarter of last year. The intermodal business represents nearly 75% of the company’s revenues. The trucking segment has watched revenues shrink and posted just $1.1 million in operating income in the first quarter.

The company did not offer any further guidance in its published release. The consensus estimate for the second quarter calls for EPS of $0.77 on revenue of $1.4 billion. For the 2013 fiscal year, EPS is reckoned at $3.05 on revenue of $5.65 billion. Unless Hunt gets a big boost somewhere, those numbers look awfully optimistic.

One might think that with the boom in oil and fuel transportation that has hit U.S. railroads that trucks might also be picking up some of that business. Hunt does not say if that is true for the company, but there are no signs of it if its true.

Hunt’s shares are down about 3.6% in after-hours trading at $71.58 in a 52-week range is $50.56 to $75.73. Thomson Reuters had a consensus analyst price target of around $72.50 before today’s report.

Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)

Take the quiz below to get matched with a financial advisor today.

Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.

Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future

Take the retirement quiz right here.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.