$188.99 Million in Sales Expected for Heartland Express, Inc. (HTLD) This Quarter
Wall Street analysts expect Heartland Express, Inc. (NASDAQ:HTLD) to post sales of $188.99 million for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Heartland Express’ earnings, with estimates ranging from $171.00 million to $244.84 million. Heartland Express posted sales of $140.04 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 35%. The business is expected to report its next quarterly earnings results on Thursday, January 25th.
According to Zacks, analysts expect that Heartland Express will report full year sales of $188.99 million for the current financial year, with estimates ranging from $612.00 million to $686.47 million. For the next year, analysts expect that the firm will report sales of $782.07 million per share, with estimates ranging from $670.00 million to $1.04 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Heartland Express.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The business had revenue of $182.10 million during the quarter, compared to the consensus estimate of $205.81 million. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. Heartland Express’s revenue was up 22.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.15 earnings per share.
A number of brokerages recently weighed in on HTLD. Zacks Investment Research cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, November 1st. Barclays PLC dropped their price target on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. TheStreet cut Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS AG lifted their price target on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, J P Morgan Chase & Co lifted their price target on Heartland Express from $19.00 to $21.00 and gave the stock an “underweight” rating in a research note on Thursday, October 12th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $24.17.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of Heartland Express stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $22.54, for a total transaction of $161,070.84. Following the transaction, the executive vice president now owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 42.10% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HTLD. Teachers Advisors LLC grew its stake in Heartland Express by 5.3% during the 1st quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock valued at $1,627,000 after acquiring an additional 4,066 shares in the last quarter. TIAA CREF Investment Management LLC grew its stake in Heartland Express by 0.4% during the 1st quarter. TIAA CREF Investment Management LLC now owns 120,325 shares of the transportation company’s stock valued at $2,413,000 after acquiring an additional 496 shares in the last quarter. Legal & General Group Plc grew its stake in Heartland Express by 5.1% during the 1st quarter. Legal & General Group Plc now owns 80,561 shares of the transportation company’s stock valued at $1,615,000 after acquiring an additional 3,920 shares in the last quarter. Vanguard Group Inc. grew its stake in Heartland Express by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 4,141,383 shares of the transportation company’s stock valued at $83,034,000 after acquiring an additional 214,721 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Heartland Express by 3.5% during the 1st quarter. Geode Capital Management LLC now owns 439,451 shares of the transportation company’s stock valued at $8,810,000 after acquiring an additional 14,885 shares in the last quarter. 57.20% of the stock is currently owned by institutional investors.
Heartland Express (NASDAQ:HTLD) opened at $20.56 on Monday. The firm has a market capitalization of $1,712.70, a PE ratio of 34.27, a P/E/G ratio of 2.52 and a beta of 0.54. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22.
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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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