J.B. Hunt Transport Services (JBHT) Stock Jumps Today As It Reports Earnings For The 3rd Quarter 2021

Today, J.B. Hunt Transport Services stock is gaining momentum after reporting earnings for the third quarter of 2021. Currently, it’s open at $183.56 by achieving 8% over the last week, while the market cap is 19 billion dollars. The company’s earnings came in at $199.83 million, or $1.88 per share. This compares with $125.50 million, or $1.18 per share, in last year’s third quarter.

In continuing, total operating revenue equaled $3.14 billion, increasing 27% compared to the previous year. Also, the total volume of cargo operations in the J.B. Hunt 360 market increased to $518 million in the third quarter of 2021, compared to $358 million, which is more than 2020. The company’s effective income tax rate for the current quarter was 23.7%. It’s expected that in 2021 annual tax rate to fall between 23.5% and 24.0%.