Heartland Express, Inc. (HTLD) to Post FY2017 Earnings of $0.54 Per Share, Seaport Global Securities Forecasts
Heartland Express, Inc. (NASDAQ:HTLD) – Research analysts at Seaport Global Securities cut their FY2017 earnings per share (EPS) estimates for Heartland Express in a report released on Monday. Seaport Global Securities analyst R. Wood now expects that the transportation company will post earnings of $0.54 per share for the year, down from their prior estimate of $0.69. Seaport Global Securities also issued estimates for Heartland Express’ Q4 2017 earnings at $0.10 EPS, Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.16 EPS, Q3 2018 earnings at $0.17 EPS, Q4 2018 earnings at $0.19 EPS, FY2018 earnings at $0.65 EPS, Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.20 EPS, Q3 2019 earnings at $0.19 EPS and FY2019 earnings at $0.78 EPS.
Several other research firms also recently weighed in on HTLD. Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. Robert W. Baird reiterated a “hold” rating and set a $26.00 price objective on shares of Heartland Express in a report on Friday, October 6th. J P Morgan Chase & Co lifted their price objective on shares of Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Stifel Nicolaus upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and lifted their price objective for the company from $22.00 to $28.00 in a report on Friday, September 29th. Finally, TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. 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 company currently has a consensus rating of “Hold” and a consensus target price of $23.83.
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Heartland Express (NASDAQ HTLD) opened at 21.33 on Wednesday. Heartland Express has a 52 week low of $17.94 and a 52 week high of $25.22. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 32.82 and a beta of 0.55. The company has a 50-day moving average of $23.29 and a 200-day moving average of $21.35.
Heartland Express (NASDAQ:HTLD) last announced its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The company had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a return on equity of 9.58% and a net margin of 8.54%. Heartland Express’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.15 earnings per share.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Teachers Advisors LLC raised its position in shares of Heartland Express by 5.3% in the first quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock valued at $1,627,000 after purchasing an additional 4,066 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Heartland Express by 6.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock valued at $5,740,000 after purchasing an additional 18,000 shares during the period. Cipher Capital LP bought a new stake in shares of Heartland Express in the second quarter valued at approximately $599,000. Dean Capital Management raised its position in shares of Heartland Express by 137.7% in the second quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock valued at $4,495,000 after purchasing an additional 125,060 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in shares of Heartland Express by 4.5% in the first quarter. Thrivent Financial For Lutherans now owns 24,408 shares of the transportation company’s stock valued at $489,000 after purchasing an additional 1,060 shares during the period. 60.13% of the stock is currently owned by institutional investors.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.54, for a total value of $161,070.84. Following the transaction, the executive vice president now directly owns 57,668 shares in the company, valued at $1,299,836.72. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.10% of the stock is owned by insiders.
The business also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Thursday, September 21st. Heartland Express’s payout ratio is 13.33%.
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.
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