Equities research analysts expect Heartland Financial USA, Inc. (NASDAQ:HTLF) to announce $115.35 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the highest sales estimate coming in at $120.69 million and the lowest estimate coming in at $111.66 million. Heartland Financial USA posted sales of $102.22 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.8%. The company is scheduled to report its next earnings report after the market closes on Monday, October 30th.

According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $115.35 million for the current financial year, with estimates ranging from $425.12 million to $449.43 million. For the next fiscal year, analysts expect that the company will report sales of $479.54 million per share, with estimates ranging from $461.14 million to $498.51 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, July 31st. The bank reported $0.81 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.08. Heartland Financial USA had a return on equity of 10.48% and a net margin of 18.38%. The business had revenue of $100.20 million for the quarter, compared to analyst estimates of $103.48 million. During the same period last year, the company earned $0.84 EPS. The firm’s revenue was down 3.8% on a year-over-year basis.

Several brokerages recently weighed in on HTLF. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $51.00 price objective on shares of Heartland Financial USA in a research note on Tuesday, October 3rd. BidaskClub raised shares of Heartland Financial USA from a “sell” rating to a “hold” rating in a research note on Saturday, July 1st. Finally, Zacks Investment Research cut shares of Heartland Financial USA from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Two equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $51.50.

Institutional investors have recently modified their holdings of the stock. New York State Teachers Retirement System grew its stake in shares of Heartland Financial USA by 10.5% in the first quarter. New York State Teachers Retirement System now owns 2,100 shares of the bank’s stock worth $105,000 after purchasing an additional 200 shares during the last quarter. Ameritas Investment Partners Inc. grew its stake in shares of Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock worth $102,000 after purchasing an additional 195 shares during the last quarter. BNP Paribas Arbitrage SA grew its stake in shares of Heartland Financial USA by 1,973.1% in the second quarter. BNP Paribas Arbitrage SA now owns 2,467 shares of the bank’s stock worth $116,000 after purchasing an additional 2,348 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Heartland Financial USA by 21.6% in the first quarter. Victory Capital Management Inc. now owns 3,243 shares of the bank’s stock worth $162,000 after purchasing an additional 576 shares during the last quarter. Finally, Pittenger & Anderson Inc. bought a new stake in shares of Heartland Financial USA in the second quarter worth $183,000. 42.41% of the stock is currently owned by institutional investors.

Heartland Financial USA (NASDAQ HTLF) opened at 50.50 on Wednesday. The stock has a 50 day moving average price of $46.10 and a 200 day moving average price of $46.85. The company has a market capitalization of $1.51 billion, a price-to-earnings ratio of 16.56 and a beta of 0.67. Heartland Financial USA has a 52-week low of $36.15 and a 52-week high of $52.65.

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Heartland Financial USA Company Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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