Brief Overview on Company’s Performance: J.B. Hunt Transport Services Inc. (NASDAQ: JBHT)

LOWELL, Ark., June 27, 2019 – Shares of J.B. Hunt Transport Services Inc. (NASDAQ: JBHT) gained 0.61% to $88.35. The stock grabbed the investor’s attention and traded 480.654K shares as compared to its average daily volume of 1.16M shares. The stock’s institutional ownership stands at 74.60%.

J.B. Hunt Transport Services, Inc., (JBHT) declared first quarter 2019 net earnings of $119.60M, or diluted earnings per share of $1.09 vs. first quarter 2018 net earnings of $118.10M, or $1.07 per diluted share.

Total operating revenue for the current quarter was $2.09B contrast with $1.95B for the first quarter 2018. Current quarter total operating revenue, excluding fuel surcharges, increased 8% vs. first quarter 2018. Intermodal (JBI) revenue per load excluding fuel surcharges increased about 11% over first quarter 2018 levels partially offset by a 7% decline in volumes. Dedicated Contract Services (DCS) segment revenue increased by 22% over prior year mainly from additional customer contracts from a year ago and customer rate increases. Integrated Capacity Solutions (ICS) load growth was 15% partially offset by a 12% decrease in revenue per load over the same period in 2018. Truck (JBT) segment revenue increased 10% mainly from customer rate increases and a larger operating fleet contrast to a year ago.

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The operating revenue executed through the Marketplace for J.B. Hunt 360° increased to $186.0M in the first quarter 2019, vs. $96.0M in the same period last year. ICS realized a 92% increase in revenue executed in the platform and JBI initiated the execution of third-party dray during the current period.

Operating income for the current quarter totaled $168.0M vs. $169.0M for the first quarter 2018. Benefits from higher customer rates and new customer contracts were offset by increased rail purchased transportation costs; lower intermodal network utilization; lower productivity in winter weather affected regions; higher driver and non-driver salaries, wages and benefits; higher Final Mile Services (FMS) network facilities costs; increased technology spend on the J.B. Hunt 360° platform and legacy system upgrades and increased equipment ownership and maintenance costs.

Cash Flow and Capitalization:

At March 31, 2019, we had a total of $1.28B outstanding on various debt instruments contrast to $1.0B at March 31, 2018, and $1.15B at December 31, 2018. At March 31, 2019, we had cash and cash equivalents of $52.0M.

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Our net capital expenditures for the first quarter 2019 approximated $212.0M contrast to $179.0M for the first quarter 2018.

JBHT has a market value of $9.82B while its EPS was booked as $4.61 in the last 12 months. The stock has 111.14M shares outstanding. In the profitability analysis, the company has gross profit margin of 17.40% while net profit margin was 5.60%. Beta value of the company was 1.10; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.40.

Richard McEntire

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