J B Hunt Transport Services Boosts Stock Buyback Program

  • 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsBuybacksBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!