Heartland Express (HTLD) Releases Quarterly Earnings Results

Heartland Express (NASDAQ:HTLD) announced its quarterly earnings results on Monday. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04), Bloomberg Earnings reports. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The business had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year.

Heartland Express (HTLD) traded down $0.50 during trading hours on Tuesday, hitting $20.12. The company had a trading volume of 1,583,500 shares, compared to its average volume of 514,014. The company has a market capitalization of $1,717.70, a P/E ratio of 33.53, a PEG ratio of 1.82 and a beta of 0.47. Heartland Express has a fifty-two week low of $18.71 and a fifty-two week high of $25.22.

HTLD has been the subject of a number of research reports. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. UBS Group increased their price objective on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Barclays decreased their price objective on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Finally, TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $24.17.

TRADEMARK VIOLATION NOTICE: This article was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/02/12/heartland-express-htld-releases-quarterly-earnings-results-misses-estimates-by-0-03-eps.html.

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.

Earnings History for Heartland Express (NASDAQ:HTLD)

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply