Heartland Express, Inc. (NASDAQ:HTLD) – KeyCorp reduced their FY2017 earnings estimates for shares of Heartland Express in a note issued to investors on Sunday. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $0.55 per share for the year, down from their prior forecast of $0.70. KeyCorp also issued estimates for Heartland Express’ Q4 2017 earnings at $0.11 EPS.

Heartland Express (NASDAQ:HTLD) last announced its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.58%. The business had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. During the same period in the previous year, the company earned $0.15 earnings per share. The business’s revenue for the quarter was up 22.0% on a year-over-year basis.

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A number of other analysts have also issued reports on HTLD. UBS AG raised their target price on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday. BidaskClub raised Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. Robert W. Baird reaffirmed a “hold” rating and issued a $26.00 target price on shares of Heartland Express in a report on Friday, October 6th. Finally, Stifel Nicolaus upgraded Heartland Express from a “hold” rating to a “buy” rating and raised their price objective for the stock from $22.00 to $28.00 in a research report on Friday, September 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $23.83.

Heartland Express (NASDAQ:HTLD) opened at 21.31 on Tuesday. Heartland Express has a 12 month low of $17.94 and a 12 month high of $25.22. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 32.78 and a beta of 0.54. The firm has a 50 day moving average price of $23.32 and a 200-day moving average price of $21.35.

A number of hedge funds have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its holdings in Heartland Express by 6.5% during the 2nd quarter. American Century Companies Inc. now owns 10,103,973 shares of the transportation company’s stock valued at $210,365,000 after purchasing an additional 620,252 shares in the last quarter. BlackRock Inc. increased its holdings in Heartland Express by 152,605.4% during the 1st quarter. BlackRock Inc. now owns 5,752,412 shares of the transportation company’s stock valued at $115,337,000 after purchasing an additional 5,748,645 shares in the last quarter. Vanguard Group Inc. increased its holdings in Heartland Express by 1.0% during the 2nd quarter. Vanguard Group Inc. now owns 4,182,897 shares of the transportation company’s stock valued at $87,089,000 after purchasing an additional 41,514 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Heartland Express by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,493,159 shares of the transportation company’s stock valued at $51,908,000 after purchasing an additional 96,332 shares in the last quarter. Finally, Janus Henderson Group PLC acquired a new stake in Heartland Express during the 2nd quarter valued at $41,847,000. 60.13% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $22.54, for a total transaction of $161,070.84. Following the completion of the transaction, the executive vice president now owns 57,668 shares in the company, valued at approximately $1,299,836.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 42.10% of the stock is owned by company insiders.

The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 22nd were given a dividend of $0.02 per share. The ex-dividend date was Thursday, September 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. Heartland Express’s dividend payout ratio (DPR) is presently 13.33%.

Heartland Express Company Profile

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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