Heartland Express, Inc. (HTLD) Expected to Post Quarterly Sales of $192.93 Million

Brokerages expect Heartland Express, Inc. (NASDAQ:HTLD) to report sales of $192.93 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 suggests a positive year-over-year growth rate of 37.8%. The firm is scheduled to issue its next quarterly earnings report on Thursday, January 25th.

On average, analysts expect that Heartland Express will report full-year sales of $192.93 million for the current year, with estimates ranging from $610.05 million to $686.47 million. For the next financial year, analysts forecast that the company will report sales of $798.24 million per share, with estimates ranging from $670.00 million to $1.04 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Heartland Express.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company 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%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period last year, the business posted $0.15 EPS.

Several analysts have weighed in on HTLD shares. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and lifted their target price for the company from $22.00 to $28.00 in a research note on Friday, September 29th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price on the stock in a research note on Monday, October 9th. TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $24.17.

Institutional investors have recently made changes to their positions in the business. Pinebridge Investments L.P. raised its stake in Heartland Express by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 58 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Heartland Express by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after buying an additional 1,500 shares in the last quarter. Neuberger Berman Group LLC bought a new stake in shares of Heartland Express in the 2nd quarter worth $210,000. Hartford Investment Management Co. bought a new stake in shares of Heartland Express in the 3rd quarter worth $211,000. Finally, Crossmark Global Holdings Inc. bought a new stake in shares of Heartland Express in the 3rd quarter worth $238,000. 59.28% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Heartland Express (NASDAQ HTLD) opened at $23.08 on Thursday. The stock has a market capitalization of $1,970.00, a P/E ratio of 38.47, a P/E/G ratio of 2.21 and a beta of 0.55. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were paid a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.35%. The ex-dividend date was Monday, December 11th. Heartland Express’s payout ratio is currently 13.33%.

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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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