Heartland Express, Inc. (NASDAQ:HTLD) Expected to Post Quarterly Sales of $169.38 Million

Analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will announce $169.38 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Heartland Express’ earnings, with the lowest sales estimate coming in at $157.41 million and the highest estimate coming in at $174.00 million. Heartland Express reported sales of $167.23 million during the same quarter last year, which indicates a positive year over year growth rate of 1.3%. The firm is expected to report its next earnings results on Wednesday, November 4th.

On average, analysts expect that Heartland Express will report full-year sales of $667.14 million for the current financial year, with estimates ranging from $639.89 million to $686.01 million. For the next financial year, analysts forecast that the business will report sales of $705.69 million, with estimates ranging from $679.26 million to $747.51 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Friday, October 16th. The transportation company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. Heartland Express had a return on equity of 9.57% and a net margin of 10.23%. The business had revenue of $162.28 million for the quarter, compared to analysts’ expectations of $165.75 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 9.7% on a year-over-year basis.

Several equities analysts recently commented on the stock. KeyCorp upped their price target on shares of Heartland Express from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. TheStreet lowered shares of Heartland Express from a “b” rating to a “c+” rating in a research report on Tuesday, September 22nd. Zacks Investment Research lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Wolfe Research raised shares of Heartland Express from an “underperform” rating to a “peer perform” rating in a research report on Friday, July 17th. Finally, BidaskClub lowered shares of Heartland Express from a “sell” rating to a “strong sell” rating in a research report on Wednesday, September 23rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.50.

In other Heartland Express news, major shareholder Ann S. Gerdin Revocable Trust sold 489,130 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $20.02, for a total transaction of $9,792,382.60. Following the completion of the transaction, the insider now owns 681,124 shares of the company’s stock, valued at approximately $13,636,102.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, major shareholder Michael J. Gerdin sold 3,260,870 shares of the company’s stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $20.02, for a total value of $65,282,617.40. Following the transaction, the insider now directly owns 681,124 shares of the company’s stock, valued at approximately $13,636,102.48. The disclosure for this sale can be found here. Corporate insiders own 43.00% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Heartland Express by 48.4% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,522 shares of the transportation company’s stock valued at $437,000 after purchasing an additional 7,672 shares during the period. Invesco Ltd. boosted its position in Heartland Express by 2.1% in the 1st quarter. Invesco Ltd. now owns 964,337 shares of the transportation company’s stock valued at $17,908,000 after buying an additional 20,212 shares during the period. PNC Financial Services Group Inc. boosted its position in Heartland Express by 7.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 10,569 shares of the transportation company’s stock valued at $220,000 after buying an additional 699 shares during the period. State Street Corp boosted its position in Heartland Express by 7.2% in the 1st quarter. State Street Corp now owns 1,632,159 shares of the transportation company’s stock valued at $30,341,000 after buying an additional 109,522 shares during the period. Finally, Two Sigma Advisers LP boosted its position in Heartland Express by 3.5% in the 2nd quarter. Two Sigma Advisers LP now owns 53,500 shares of the transportation company’s stock valued at $1,114,000 after buying an additional 1,800 shares during the period. 53.24% of the stock is owned by hedge funds and other institutional investors.

HTLD stock traded down $0.70 on Thursday, hitting $19.61. 314,316 shares of the company were exchanged, compared to its average volume of 374,455. Heartland Express has a twelve month low of $15.65 and a twelve month high of $22.75. The business’s fifty day moving average is $19.74 and its two-hundred day moving average is $20.15. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 24.20 and a beta of 0.55.

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Monday, September 21st were paid a $0.02 dividend. The ex-dividend date was Friday, September 18th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.41%. Heartland Express’s dividend payout ratio (DPR) is presently 8.99%.

Heartland Express Company Profile

Heartland Express, Inc, together with 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 truckload services.

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