Income per share beat consensus but total and truckload revenue disappoints; stock falls in after-market trading
Total revenue at the company, the first carrier to report third-quarter earnings, was up more than 20%
Data and commentary point to an earnings blowout for trucking companies in the third quarter with the likelihood of similar results in the fourth quarter. However, headwinds surrounding driver recruitment and retention present a hurdle to the rally.
Freight volumes are up 25% during a recession and truckload earnings started earnings season out strong this week.
The truckload carriers have reported solid results to start second quarter earnings season, but some load data is still lagging.
Tightened capacity seen as a spur to both Heartland and Marten beating estimates, with optimism from analysts going forward The earnings reports of truckload carriers Heartland Express and Marten Transport released on Thursday, July 16 continued to resonate with investors a day later, with the stock prices of both companies recording significant gains. At approximately […]
Overall operating ratio improves on back of dedicated and truckload segment gains
KeyBank report mostly positive after discussions with management.
Other segments at the truckload carrier had weaker performances.
Intermodal struggled while Brokerage also has a strong period.
Landstar’s strong cash flow generation and enviable balance sheet allow it to pay large special dividends even in down market years.
The bulls are coming out in support of truckload carriers, kind of. Several equity analysts are using a recent positive inflection in TL volumes, a belief that fundamentals aren’t getting materially worse, and attractive valuation multiples to become more positive on the stocks.
Heartland Express once again uses its strong financial position to acquire. The carrier has a pattern of building cash balances and finding accretive tuck-in deals.
Marten Transport to pay a $0.65 per share special dividend and increase its share repurchase program.
Marten Transport posted its best-ever second quarter operating revenue and income in the company’s 74-year history, the company said in its July 18 earnings release.
Eroding fundamentals in the truckload carrier market have led analysts to lower their earnings estimates for the carriers they cover.
J.B. Hunt’s (NASDAQ: JBHT) earnings report have some questioning if the truckload (TL) carriers are likely to miss earnings now and how will the stocks perform moving forward.
Marten Transport posted its best-ever first-quarter operating revenue, operating income and net income in the company’s 74-year history in the first quarter of 2019, the company said in its April 16 earnings release.
Marten Transport and other public truckload companies could make a good stock investment if historical trends hold, says an analyst from Stephens.
Investors may be starting to come around to the idea that truckload carriers have another year of strong margins ahead of them.
