J.B. Hunt (JBHT) profits surge nearly 60% in Q3

2 min read | October 15, 2021 07:52 PM PDT | By Team Kalkine Media

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J.B. Hunt (JBHT) profits surge nearly 60% in Q3 — Image source: Milos Muller, Shutterstock

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Highlights

B. Hunt Transport Services, Inc. (NASDAQ:JBHT) total operating revenue was US$3.14 billion, up 27%, in the third quarter of 2021.

B. Hunt said all its segments contributed a double-digit revenue growth YoY.

B. Hunt’s third-quarter net earnings jumped nearly 60% YoY to US$199.8 million.

Logistics company J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) on Friday announced a third-quarter net earnings of US$199.8 million, boosted by robust business growth.

The stock jumped more than 8.7% to close at US$190.55 after the stellar quarterly performance.

Its net earnings in the year-ago quarter were US$125.5 million, or US$1.18 per diluted share.

Here is a snapshot of J.B. Hunt’s Q3 performance.

J.B. Hunt Transport Services, Inc.

Its total operating revenue was US$3.14 billion, up 27%, compared to US$2.47 billion a year ago.

J.B. Hunt said all its segments contributed a double-digit revenue growth compared to the year-ago period.

Its operating income rose to US$273.8 million from US$175.5 million in the third quarter of 2020, driven by customer rate and cost recovery efforts, the company said. As of September 30, 2021, J.B. Hunt had a total outstanding debt of US$1.3 billion compared to the year-ago period, it added.

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Source: Pixabay

Also Read: Charles Schwab (SCHW), Goldman Sachs (GS) profits soar in Q3

Stock Performance

J.B. Hunt’s 52-week highest and the lowest stock prices were US$184.38 and US$119.22, respectively. The Arkansas-based company has a market cap of US$120.27 billion.

In addition, J.B. Hunt’s P/E ratio is 34.03, and the forward P/E 1-year ratio is 26.39.

Its earnings per share are US$5.60, and the annualized dividend is US$1.20.

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