Heartland Express, Inc. (NASDAQ:HTLD) – Stock analysts at Seaport Global Securities cut their FY2017 earnings per share (EPS) estimates for Heartland Express in a report released on Thursday. Seaport Global Securities analyst R. Wood now expects that the transportation company will post earnings of $0.69 per share for the year, down from their prior forecast of $0.70.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, August 2nd. The transportation company reported $0.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The business had revenue of $129.62 million during the quarter, compared to analyst estimates of $139.89 million. Heartland Express had a return on equity of 10.60% and a net margin of 9.89%. The business’s quarterly revenue was down 19.4% on a year-over-year basis. During the same period last year, the business earned $0.20 EPS.

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Other equities analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 21st. BidaskClub lowered shares of Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. TheStreet lowered shares of Heartland Express from a “b-” rating to a “c+” rating in a report on Friday, May 26th. Stifel Nicolaus reissued a “hold” rating and issued a $23.00 price target (up previously from $19.00) on shares of Heartland Express in a report on Monday, July 10th. Finally, UBS AG raised shares of Heartland Express from a “sell” rating to a “neutral” rating and boosted their price target for the company from $20.00 to $22.00 in a report on Monday, July 10th. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and an average price target of $16.55.

Shares of Heartland Express (NASDAQ:HTLD) opened at 21.13 on Monday. Heartland Express has a 12 month low of $17.06 and a 12 month high of $22.69. The stock has a 50 day moving average price of $21.17 and a 200 day moving average price of $20.31. The firm has a market cap of $1.76 billion, a PE ratio of 32.51 and a beta of 0.51.

Institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in shares of Heartland Express by 52.7% in the first quarter. Victory Capital Management Inc. now owns 8,505 shares of the transportation company’s stock worth $171,000 after buying an additional 2,935 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock worth $177,000 after buying an additional 3,766 shares during the last quarter. Municipal Employees Retirement System of Michigan raised its position in shares of Heartland Express by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock worth $198,000 after buying an additional 160 shares during the last quarter. Mason Street Advisors LLC raised its position in shares of Heartland Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,128 shares of the transportation company’s stock worth $203,000 after buying an additional 664 shares during the last quarter. Finally, Suntrust Banks Inc. raised its position in shares of Heartland Express by 16.7% in the first quarter. Suntrust Banks Inc. now owns 13,891 shares of the transportation company’s stock worth $277,000 after buying an additional 1,984 shares during the last quarter. 60.03% of the stock is owned by hedge funds and other institutional investors.

About Heartland Express

Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.

Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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