J.B. HUNT TRANSPORT SERVICES Reports Second Quarter Earnings Results for FY2023

🌥️Earnings Overview

On July 18 2023, J.B. HUNT TRANSPORT SERVICES ($NASDAQ:JBHT) released their financial results for the quarter ending June 30 2023, revealing a revenue decrease of 18.4% year over year to USD 3132.6 million and a net income drop of 25.8% to USD 189.6 million compared to the same period last year.

Share Price

The company’s stock opened at $185.4 and closed at $188.2, up by 2.6% from prior closing price of 183.4. The increase in revenue was attributed to an increase in demand for the services provided by J.B. HUNT TRANSPORT SERVICES, such as intermodal, dedicated services, and integrated capacity solution. The rise in margins was mainly due to a decline in operating expenses, particularly cost of materials, wages, and depreciation expenses.

Overall, the company’s second quarter results were positive and demonstrate its dedication to providing quality services and products to its clients. With the strong focus on operational efficiency and cost-effectiveness, J.B. HUNT TRANSPORT SERVICES is poised to deliver further growth in the near future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for JBHT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for JBHT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for JBHT. More…

Key Ratios Snapshot

Some of the financial key ratios for JBHT are shown below. More…

Analysis

GoodWhale recently conducted an analysis of the wellness of J.B. HUNT TRANSPORT SERVICES using the Star Chart methodology. This methodology takes into account various factors pertinent to a company’s performance, such as dividend, growth, and profitability. In the case of J.B. HUNT TRANSPORT SERVICES, we found that it is strong in dividend, growth, and profitability and medium in asset. We classified J.B. HUNT TRANSPORT SERVICES as a ‘rhino’, a type of company which has achieved moderate revenue or earnings growth. Considering that it has a high health score of 10/10 based on cashflows and debt, J.B. HUNT TRANSPORT SERVICES is likely to be attractive to both long-term and short-term investors. Those who are looking for an opportunity to invest in a reliable company which is capable to safely ride out any crisis without the risk of bankruptcy may find J.B. HUNT TRANSPORT SERVICES to be an ideal choice. Furthermore, given its high dividend potential and strong growth and profitability prospects, both value-oriented and growth-oriented investors may have a keen interest in this company. More…

Peers

JB Hunt Transport Services Inc is a leading transportation provider in North America. The company operates in four segments: Intermodal (JBHT), Dedicated Contract Services (DCS), Integrated Capacity Solutions (ICS), and Truck (JBT). The company has a fleet of over 16,000 trucks and more than 48,000 trailers. JBHT offers a wide range of transportation services including intermodal, dedicated contract, and truckload. The company has a strong market position in the United States and Canada.

JBHT competes with Hub Group Inc, Yang Ming Marine Transport Corp, Rinko Corp, and other transportation companies in the United States and Canada. The company has a strong market position and a large fleet of trucks and trailers. JBHT offers a wide range of transportation services. The company has a strong financial position and is expected to grow at a fast pace in the coming years.

– Hub Group Inc ($NASDAQ:HUBG)

Hub Group is a transportation management company that provides intermodal, truck brokerage and logistics services. Hub Group’s intermodal services include rail-to-truck and truck-to-rail transloading, as well as drayage service. The company’s truck brokerage services provide full truckload, less-than-truckload and dedicated contract carriage. Hub Group’s logistics services include supply chain management and warehouse management.

As of 2022, Hub Group’s market cap is $2.59 billion. The company’s return on equity is 21.81%. Hub Group is a transportation management company that provides intermodal, truck brokerage and logistics services. The company’s intermodal services include rail-to-truck and truck-to-rail transloading, as well as drayage service. The company’s truck brokerage services provide full truckload, less-than-truckload and dedicated contract carriage. Hub Group’s logistics services include supply chain management and warehouse management.

– Yang Ming Marine Transport Corp ($TWSE:2609)

As of 2022, Yang Ming Marine Transport Corp has a market cap of 220B and a Return on Equity of 62.35%. The company is a leading provider of international ocean transportation services. It operates a modern fleet of container vessels and provides integrated logistics services. The company has a strong market position in the Far East, Europe, and the Middle East.

– Rinko Corp ($TSE:9355)

Rinko Corp is a Japanese company that manufactures and sells construction materials. The company has a market cap of 3.82B as of 2022 and a return on equity of 4.29%. Rinko Corp is a well-established company with a strong financial position. The company’s products are in high demand, and its products are used in a wide variety of applications. Rinko Corp has a strong market presence and is a market leader in its industry.

Summary

Investors in J.B. HUNT TRANSPORT SERVICES should take note of the company’s second quarter earnings results for FY2023, which ended on June 30 2023. Total revenue decreased 18.4% year over year to USD 3132.6 million, while net income fell 25.8% to USD 189.6 million. This performance should be considered when analyzing potential investments in the company, as it indicates a decrease in overall profitability for the quarter. Investors should consider the company’s longer term financial performance when making a decision to invest.