NEW YORK (TheStreet) -- Shares of J.B Hunt Transport Services Inc. (JBHT) are up slightly by 0.96% to $75 after the company reported an increase in net earnings and revenue for the 2014 second quarter.
The company, which operates as a surface transportation and delivery service, reported a net income of $93.4 million, or 79 cents per diluted share for the most recent quarter, meeting analyst expectations, compared to $87.7 million, or 73 cents per diluted share for the 2013 second quarter.
J.B Hunt posted a 12% growth in operating revenue to $1.55 billion for the 2014 second quarter, exceeding analysts' forecasts of $1.53 billion, and compared to $1.38 billion for the same period last year.
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Separately, 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, 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."