J B Hunt Transport Services Boosts Stock Buyback Program

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  • J B Hunt Transport Services, Inc. JBHT Board has adopted a new share repurchase program.
  • Under the new authorization, the company can repurchase an additional $500 million of its common stock.
  • As of June 30, 2022, the company had ~$112 million remaining under the share repurchase authorization.
  • Recently, JBHT reported second-quarter revenue growth of 32% year-over-year to $3.84 billion, beating the consensus of $3.6 billion. EPS was $2.42 (+50% Y/Y), which topped the consensus of $2.31.
  • RelatedRead How Analysts Reacted To J B Hunt Transport Services' Q2 Results
  • Price Action: JBHT shares are trading higher by 1.50% at $174.46 on the last check Friday.
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