Wall Street analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will report earnings of $0.23 per share for the current quarter, according to Zacks. Six analysts have issued estimates for Heartland Express’ earnings, with the highest EPS estimate coming in at $0.25 and the lowest estimate coming in at $0.21. Heartland Express posted earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 228.6%. The firm is scheduled to issue its next earnings report on Monday, February 11th.
According to Zacks, analysts expect that Heartland Express will report full year earnings of $0.84 per share for the current year, with EPS estimates ranging from $0.81 to $0.86. For the next financial year, analysts expect that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.87 to $1.05. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Heartland Express.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. Heartland Express had a net margin of 14.11% and a return on equity of 9.60%. The company had revenue of $151.30 million for the quarter, compared to analyst estimates of $162.80 million. During the same period in the prior year, the firm earned $0.10 earnings per share. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year.
A number of brokerages have recently commented on HTLD. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $21.00 price objective for the company in a research report on Friday, December 14th. BidaskClub downgraded Heartland Express from a “sell” rating to a “strong sell” rating in a research report on Thursday, October 4th. ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research report on Thursday, October 18th. Finally, Deutsche Bank lowered their price objective on Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, September 27th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. Heartland Express has an average rating of “Hold” and a consensus price target of $19.14.
A number of institutional investors and hedge funds have recently made changes to their positions in HTLD. SG Americas Securities LLC lifted its stake in Heartland Express by 123.4% in the second quarter. SG Americas Securities LLC now owns 12,729 shares of the transportation company’s stock valued at $236,000 after buying an additional 7,031 shares during the last quarter. Paloma Partners Management Co purchased a new stake in Heartland Express in the third quarter valued at approximately $265,000. Verition Fund Management LLC purchased a new stake in Heartland Express in the second quarter valued at approximately $267,000. Sawtooth Solutions LLC purchased a new stake in Heartland Express in the third quarter valued at approximately $312,000. Finally, FMR LLC purchased a new stake in Heartland Express in the second quarter valued at approximately $397,000. 60.24% of the stock is owned by hedge funds and other institutional investors.
Shares of Heartland Express stock traded down $0.07 on Friday, reaching $19.26. 332,242 shares of the company were exchanged, compared to its average volume of 318,368. Heartland Express has a 1-year low of $17.00 and a 1-year high of $23.78. The company has a market cap of $1.59 billion, a PE ratio of 37.76, a P/E/G ratio of 1.37 and a beta of 0.60.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 14th. Investors of record on Tuesday, December 4th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Monday, December 3rd. Heartland Express’s dividend payout ratio (DPR) is 15.69%.
Heartland Express Company Profile
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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