NEW YORK (TheStreet) -- J.B. Hunt Transport Services (JBHT - Get Report) reported a 9% year-over-year jump in first-quarter revenue, the company said Monday. The freight trucker generated $1.41 billion over the three months to March and per-share net income of 58 cents.
Analysts surveyed by Thomson Reuters expected 62 cents a share in net income and $1.4 billion in revenue.
By midmorning, shares had gained 2% to $72.96.
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TheStreet Ratings team rates HUNT (JB) TRANSPRT SVCS INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
"We rate HUNT (JB) TRANSPRT SVCS INC (JBHT) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself."
- You can view the full analysis from the report here: JBHT Ratings Report