Heartland Express, Inc. (NASDAQ:HTLD) – Equities researchers at KeyCorp lowered their FY2018 earnings per share (EPS) estimates for shares of Heartland Express in a research note issued on Monday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $0.60 for the year, down from their previous forecast of $0.80.
A number of other analysts also recently issued reports on HTLD. UBS Group raised their price target on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a research report on Friday, October 27th. Barclays lowered their price target on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. Zacks Investment Research downgraded Heartland Express from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and a consensus price target of $24.33.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 earnings per share.
Several large investors have recently added to or reduced their stakes in HTLD. ArrowMark Colorado Holdings LLC lifted its position in shares of Heartland Express by 12.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock worth $163,758,000 after purchasing an additional 749,703 shares during the last quarter. 1060 Capital LLC bought a new stake in shares of Heartland Express during the fourth quarter worth $13,648,000. OppenheimerFunds Inc. lifted its position in shares of Heartland Express by 161.5% during the fourth quarter. OppenheimerFunds Inc. now owns 714,762 shares of the transportation company’s stock worth $16,682,000 after purchasing an additional 441,402 shares during the last quarter. Gilder Gagnon Howe & Co. LLC bought a new stake in shares of Heartland Express during the third quarter worth $9,097,000. Finally, Standard Life Aberdeen plc lifted its position in shares of Heartland Express by 15.9% during the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after purchasing an additional 315,143 shares during the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.
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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