J.B. Hunt Earnings

JB Hunt

Lowell-based carrier J.B. Hunt Transport Services is expected to report second-quarter earnings will rise 45.5% to $1.28 per share, from the same period in 2017, according to a consensus of 22 analysts. On Monday, J.B. Hunt plans to release earnings for the quarter ending June 30.

Revenue is projected to rise 18.4% to $2.05 billion, according to a consensus of 20 analysts.

In a second-quarter preview, analysts Brad Delco and Justin Long and associates Scott Schoenhaus and Brian Colley, all of Little Rock-based Stephens Inc., increased the carrier’s 12-month target price by $5 to $138.

“We are positively adjusting our estimates given our belief that (J.B. Hunt) has benefited from a robust intermodal pricing environment, strong trucking/dedicated demand and a modest improvement in rail service,” according to the Stephens analysts, who increased earnings estimates by 8 cents to $1.30 for the second quarter.    MORE

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