Dahlman Rose Comments On JB Hunt

Dahlman Rose & Co. has published a report on JB Hunt (NASDAQ: JBHT) that showed that the company slightly outperformed expectations.

In the report, Dahlman Rose wrote, "JB Hunt met expectations for the second quarter with earnings per share of $0.53, directly in line with both the Street consensus and our estimates. Consolidated revenues for the quarter grew 22% from 2Q10 and came in at $1.15 Bn, beating the consensus $1.11 Bn, as well as our estimate of $1.06 Bn. Operating income rose 24% to $113 MM off of a $17 MM increase (29%) in Intermodal and $5 MM (23%) in the Dedicated Contract Services and Integrated Capacity Solutions segments combined." The report also stated that Dahlman Rose is fine-tuning its estimates of JB Hunt's earnings per share up a bit.

Dahlman Rose rated JB Hunt a BUY with a price target of $51.00. JB Hunt closed Thursday at $47.71