J.B. Hunt falls on lower quarterly profit, brokerages cut PT

J B Hunt Transport Services

16/04/2025 11:57

** Shares of J. B. Hunt Transport Services JBHT.O fall 6.62% to $126 premarket

** JBHT Q1 profit falls 7.6% on higher costs, contract service weakness

** JBHT posts Q1 revenue of $2.92 bln vs analysts' estimate of $2.90 bln, according to data compiled by LSEG

** At least five brokerages cut PT

** "We are lowering our estimates in recognition of elevated macro uncertainty and to reflect potential downside risk to intermodal volumes" - BMO Capital Markets

** "Intermodal bid season has been competitive, and we are now expecting less price growth this year" -  Stephens

** 16 of 26 brokerages rate the stock "buy" or higher, 9 "hold" and one "sell"; their median PT is $165 - LSEG

** As of last close, stock down ~21% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))