J.B. Hunt (JBHT) Rides On DCS Segment Amid High Debt Levels
Zacks Investment Research | Mar 26, 2020 10:52PM ET
We recently issued an updated report on J.B. Hunt Transport Services, Inc. (NASDAQ:JBHT) . Factors like high debt levels, lower freight demand and coronavirus-related woes are hurting the company’s financials. However, strong performance of the Dedicated Contract Services (DCS) segment is encouraging.
J.B. Hunt’s DCS segment has been performing impressively and aiding the top line. Notably, revenues at the segment rose 25% year over year in 2019. Moreover, operating income at this segment grew 39% during the year. Its revenues are further expected to grow, if this key sector continues to deliver solid performance in the upcoming quarters.
Successive acquisitions carried out by the company to expand final-mile delivery services (part of the DCS segment) are impressive. The acquisitions are expected to strengthen its presence in the fast-evolving market of delivering bulky goods straight to customers’ residences.
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