Heartland Express, Inc. (NASDAQ:HTLD) – Investment analysts at KeyCorp issued their Q1 2018 earnings estimates for shares of Heartland Express in a research note issued to investors on Monday. KeyCorp analyst T. Fowler anticipates that the transportation company will post earnings per share of $0.08 for the quarter. KeyCorp also issued estimates for Heartland Express’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.90 EPS.
A number of other research analysts have also commented on the company. BidaskClub lowered Heartland Express from a “hold” rating to a “sell” rating in a report on Thursday, January 18th. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. Barclays decreased their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research note on Wednesday, November 1st. TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. Finally, UBS Group increased their target price on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a research note on Monday, October 30th. Four investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $24.17.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). The company had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 8.01%. The business’s revenue was up 17.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS.
A number of large investors have recently made changes to their positions in the stock. Wells Fargo & Company MN boosted its stake in Heartland Express by 1.0% during the 2nd quarter. Wells Fargo & Company MN now owns 35,742 shares of the transportation company’s stock valued at $745,000 after purchasing an additional 345 shares during the period. Royal Bank of Canada boosted its stake in Heartland Express by 3.8% during the 2nd quarter. Royal Bank of Canada now owns 27,697 shares of the transportation company’s stock valued at $577,000 after purchasing an additional 1,006 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Heartland Express by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,365 shares of the transportation company’s stock valued at $799,000 after purchasing an additional 1,704 shares during the period. American International Group Inc. boosted its stake in Heartland Express by 8.2% during the 3rd quarter. American International Group Inc. now owns 37,779 shares of the transportation company’s stock valued at $947,000 after purchasing an additional 2,874 shares during the period. Finally, Fortaleza Asset Management Inc. lifted its position in shares of Heartland Express by 38.6% in the 3rd quarter. Fortaleza Asset Management Inc. now owns 10,500 shares of the transportation company’s stock worth $263,000 after acquiring an additional 2,925 shares during the period. Hedge funds and other institutional investors own 59.44% of the company’s stock.
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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