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Werner Enterprises Reports Improved Third Quarter 2010 Revenues and Earnings
Monday, October 18, 2010 - 4:10pm | 33Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation's largest transportation and logistics companies, reported improved revenues and earnings for the third quarter ended September 30, 2010.
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J.B. Hunt Misses, Ups Profit - Analyst Blog
Monday, October 18, 2010 - 10:09am | 688On October 14, 2010, J.B. Hunt Transport Services (JBHT), the third-largest U.S. truckload carrier, reported its third quarter earnings of 43 cents per share, which fell short of the Zacks Consensus Estimate by a penny. Earnings per share rose 39% year over year from the year-ago earnings of 31...
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JB Hunt Reports 3Q Estimate Miss
Friday, October 15, 2010 - 10:20am | 186Dahlman Rose has issued a research report on J.B. Hunt Transport Services (NASDAQ: JBHT) following the company's 3Q estimate miss. In the report, Dahlman Rose writes "JB Hunt reported 3Q10 EPS of $0.41. However, after adding back a non-recurring charge of $0.02/share EPS from continuing operations...
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Piper Jaffray Lowers Landstar System Estimates; Overweight Rating Still Intact
Friday, October 15, 2010 - 10:08am | 113Yesterday before the market Landstar System, Inc. (NASDAQ: LSTR) reported 3Q10 continuing EPS of $0.49 (24.7% y-o-y growth) in line with consensus and a penny below Piper Jaffray's $0.50 estimate. “Downside was all revenue (-$0.03/share) with volume below our estimate a combination of (1)...
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JB Hunt Reports 3Q Earnings Slightly Below Estimates
Friday, October 15, 2010 - 8:32am | 161JB Hunt Transport (NASDAQ: JBHT) 3Q10 results were slightly below expectations and margin performance showed the impact of cost pressures. J.P Morgan believes that a number of the cost pressures are transitional and we expect the improvement in intermodal pricing to gain further momentum. The...
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Piper Jaffray Reiterates Overweight On JB Hunt After Earnings Miss (JBHT)
Friday, October 15, 2010 - 7:03am | 149Piper Jaffray is reiterating its Overweight rating and $42 price target on J.B. Hunt Transport Services, Inc. (NASDAQ: JBHT), despite the company missing earnings estimates last night. In the research note, Piper Jaffray writes, "Yesterday after the market JBHT reported 3Q10 continuing EPS of $0....
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Landstar System Updates Guidance; Sees EPS of $0.45 to $0.50.
Thursday, October 14, 2010 - 7:56am | 168Landstar's (Nasdaq: LSTR) Chairman, President and CEO, Henry Gerkens said "The total number of loads hauled in September and early October has been negatively impacted by a significant reduction in the number of loads hauled under the Company's less-than-truckload substitute line haul service...
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Landstar Systems Announced Dividend of 5 Cents
Thursday, October 14, 2010 - 7:54am | 27Landstar System, Inc. (Nasdaq: LSTR) announced that its Board of Directors has declared a quarterly dividend of $0.05 per share.
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Landstar System Reports Third Quarter Results; EPS $.44
Thursday, October 14, 2010 - 7:50am | 133Landstar System, Inc. (Nasdaq: LSTR) reported net income in the 2010 third quarter of $21.8 million, or $0.44 per diluted share, on revenue of $623 million. Under the terms of the purchase agreement by which the Company acquired National Logistics Management Co. (NLM) in July 2009, Landstar...
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Earnings Scheduled For October 14 (GOOG, GWW, AMD, FCS, SWY, JBHT, CBST, ENZ, LSTR, HRLY)
Thursday, October 14, 2010 - 5:24am | 235Google Inc (NASDAQ: GOOG) is estimated to post its Q3 EPS at $6.70. WW Grainger Inc (NYSE: GWW) may report its Q3 earnings at $1.82 per share. Advanced Micro Devices Inc (NYSE: AMD) is likely to post its earnings at $0.06 per share in the third quarter. Fairchild Semiconductor International Inc (...
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Piper Jaffray Reiterates its Overweight Rating and 12-Month Price Target for Werner Enterprises
Wednesday, October 13, 2010 - 9:14am | 119Werner Enterprises, Inc. (NASDAQ: WERN) is scheduled to report 3Q10 earnings on Monday, October 18th. Piper Jaffray believes that there is an earnings upside potential to current 3Q10 Consensus of $0.32 driven by yield improvement as Werner ramps up contractual pricing. “We believe this combination...
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YRC Worldwide Initiated At Underperform
Tuesday, October 12, 2010 - 10:28am | 20Morgan Keegan has initiated coverage on YRC Worldwide (NASDAQ: YRCW) at Underperform.
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Landstar Completes Buy-out of NLM Acquisition Contingent Payment Obligations (LSTR)
Monday, October 11, 2010 - 12:09pm | 165Landstar System, Inc. (Nasdaq: LSTR) today announced that it has agreed to buy-out all future contingent payment obligations to the prior owner of NLM for $3.8 million. In July 2009, Landstar acquired National Logistics Management Co. (NLM), a technology-based supply chain solutions provider....
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Morgan Stanley Lowers The Price Target On (BAC, BK, JBHT, JPM)
Monday, October 11, 2010 - 9:56am | 91Morgan Stanley has lowered its Price Target on: Bank of America (NYSE: BAC) to $24 from $25; OW Bank of New York Mellon (NYSE: BK) to $33 from $35; OW JB Hunt Transport (NASDAQ: JBHT) to $39 from $41; OW J.P. Morgan Chase (NYSE: JPM) to $39 from $41; OW BAC is trading at $13.18 BK is trading at $...
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The Hertz Corporation Continues to Expand; Sees Revenues Surpassing $1B
Tuesday, October 5, 2010 - 3:59pm | 223The Hertz Corporation (NYSE: HTZ) continues the expansion of Hertz Local Edition, its U.S. off-airport car rental business, with 60 new locations opening during the remainder of year. By the end of December, Hertz will have opened more than 250 new locations in 2010. The openings are part of a...