JB Hunt Transport Analysts Cut Their Forecasts After Q3 Results

J B Hunt Transport Services Inc. (NASDAQ:JBHT) posted mixed results for the third quarter on Thursday.

JB Hunt reported quarterly earnings of $1.82 per share, which missed the analyst consensus estimate of $1.95 per share. The company reported quarterly sales of $3.683 billion, which beat the analyst consensus estimate of $3.560 billion.

“I want to thank our people for their unwavering commitment to serving our customers, operating safely and executing with excellence every day. Their discipline and focus enabled us to meet customer needs, improve our operations, and continue providing excellent service,” said Shelley Simpson, president and CEO. We remain confident in our strategy and are building the capabilities needed to support our customers’ evolving needs, strengthen our competitive position and drive long-term profitable growth for our shareholders.”

J B Hunt Transport shares fell 3.7% to trade at $226.61 on Friday.

These analysts made changes to their price targets on J B Hunt Transport following earnings announcement.

• Evercore ISI Group analyst Vijay Kumar maintained the stock with an Outperform rating and lowered the price target from $277 to $275.
• JP Morgan analyst Brian Ossenbeck maintained the stock with an Overweight rating and cut the price target from $287 to $283.
• Wells Fargo analyst Christian Wetherbee maintained the stock with an Overweight rating and lowered the price target from $305 to $285.
• Stephens & Co. analyst Justin Long maintained the stock with an Overweight rating and lowered the price target from $330 to $325.

Considering buying JBHT stock? Here’s what analysts think:

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