Goldman Sachs Reports Strong 1Q For J.B. Hunt Transport Services

According to Goldman Sachs, J.B. Hunt Transport Services JBHT saw a strong 1Q and remains positive on truck pricing. Goldman Sachs reported that JBHT reported 1Q10 EPS of $0.40 versus GS $0.39 and consensus $0.38. “The beat was driven by strong intermodal volumes/margins and lower insurance claims. Given positive volume and pricing trends, we are raising our 2011E/2012E/2013E EPS to $2.16/$2.60/$2.94 from $2.13/$2.53/$2.84. Given the higher estimates, our price target moves to $50 from $47.” J.B. Hunt Transport Services closed yesterday at $61.41.