BUZZ-PREVIEW: J.B. Hunt shares dip ahead of results, due after the bell

Reuters
16 Jul
BUZZ-PREVIEW: J.B. Hunt shares dip ahead of results, due after the bell

** Shares of J.B. Hunt JBHT.O were down 1.5% on Tues ahead of the U.S. trucking co's quarterly results due after the closing bell

** Analysts expect Q2 rev of $2.92 bln vs $2.93 bln a yr ago and EPS of $1.32/shr vs $1.32 also for a yr ago, according to LSEG

** Investors are anxious to hear what impact U.S. President Donald Trump's trade war may be having on the trucking industry; truckers had moved record volumes of products after customers stocked up ahead of Trump's April tariffs

** In mid-April, J.B. Hunt posted a 7.6% drop in first-quarter profit, with continued weakness in its truckload and brokerage businesses offsetting gains in the intermodal segment

** Analyst recommendations include 15 "strong buy" or "buy" ratings, 11 "hold" ratings and one "sell" rating

** The median 12-mo PT on the co is $155; the stock was last at $150.00

** JBHT is down about 12% for the YTD compared with a 6.5% gain in the S&P 500 .SPX and a 7.5% increase in the Nasdaq .IXIC in that period

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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