$0.10 Earnings Per Share Expected for Heartland Express, Inc. (HTLD) This Quarter

Equities research analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will post $0.10 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Heartland Express’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.05. Heartland Express posted earnings per share of $0.16 in the same quarter last year, which would suggest a negative year over year growth rate of 37.5%. The company is expected to announce its next quarterly earnings report on Thursday, February 15th.

According to Zacks, analysts expect that Heartland Express will report full-year earnings of $0.55 per share for the current year, with EPS estimates ranging from $0.49 to $0.57. For the next year, analysts anticipate that the firm will report earnings of $0.75 per share, with EPS estimates ranging from $0.66 to $0.99. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.03). Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The company had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis.

HTLD has been the subject of several research reports. Zacks Investment Research upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised shares of Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. TheStreet cut shares of Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. UBS Group raised their target price on shares of Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Finally, Barclays reduced their target price on shares of Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Heartland Express currently has an average rating of “Hold” and a consensus target price of $24.17.

Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. increased its holdings in Heartland Express by 1,071.3% in the second quarter. JPMorgan Chase & Co. now owns 76,978 shares of the transportation company’s stock valued at $1,603,000 after buying an additional 70,406 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Heartland Express by 1.0% in the second quarter. Wells Fargo & Company MN now owns 35,742 shares of the transportation company’s stock valued at $745,000 after buying an additional 345 shares in the last quarter. Teachers Advisors LLC increased its holdings in Heartland Express by 33.5% in the second quarter. Teachers Advisors LLC now owns 108,340 shares of the transportation company’s stock valued at $2,256,000 after buying an additional 27,171 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Heartland Express by 38.2% in the second quarter. TIAA CREF Investment Management LLC now owns 166,282 shares of the transportation company’s stock valued at $3,462,000 after buying an additional 45,957 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its holdings in Heartland Express by 7.2% in the second quarter. Thrivent Financial For Lutherans now owns 26,158 shares of the transportation company’s stock valued at $545,000 after buying an additional 1,750 shares in the last quarter. 59.44% of the stock is owned by hedge funds and other institutional investors.

Heartland Express (HTLD) traded down $0.50 during trading hours on Monday, hitting $20.12. 1,583,539 shares of the stock traded hands, compared to its average volume of 530,594. Heartland Express has a 1-year low of $18.71 and a 1-year high of $25.22. The firm has a market capitalization of $1,680.00, a P/E ratio of 33.53, a P/E/G ratio of 1.82 and a beta of 0.47.

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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.

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