JB Hunt Transport Services (JBHT: NSD) saw its stock price fall by 6% in after-hours trading on Tuesday following the release of their lower-than-expected first-quarter financials. The company, a provider of transportation and logistics services, reported revenue of $2.94 billion, a significant 9% drop compared to the same period last year.
Stock Target Advisor’s Analysis on JB Hunt Transport:
Stock Target Advisor maintains a ‘Buy’ rating for JBHT and remain optimistic about the company’s prospects, with a target price of $202.57, projecting a 10.7% increase over the next 12 months, nearly aligning with the average analyst target price of $203.58. Our own analysis leans slightly bullish, notwithstanding a shrinking stock price over the last week (-11.46%) and month (-10.93%).
JB Hunt Transport: An Overview of Financial Performance
Trailing 12 months returns show a 1-year Capital Gain of 4.61% and a 1-year Dividend Return of 0.97%. The company’s RoA stands at 8.48% and RoE at 20.63%. Despite a convincing 5-year revenue growth of 48.92%, JBHT’s 5-year dividend growth has been negative, dropping by a concerning 72.97%.
JBHT‘s latest quarterly results showed a revenue of USD 3.3 billion and a net income of USD 153.54 million. But a look at the annual trend shows a more worrying picture. The revenue in 2023 dropped to USD 12.83 billion from USD 14.81 billion in 2022, while net income also fell from USD 969.35 million to USD 728.29 million year over year.
Conclusion:
JB Hunt Transport Services Inc‘s Q1 earnings miss and concerns related to margins have caused a stir among investors leading to the stock’s decline. Despite these short-term fluctuations.
