Heartland Express, Inc. Forecasted to Earn Q1 2018 Earnings of $0.15 Per Share (HTLD)

Heartland Express, Inc. (NASDAQ:HTLD) – Equities research analysts at Seaport Global Securities issued their Q1 2018 earnings per share (EPS) estimates for shares of Heartland Express in a report issued on Tuesday. Seaport Global Securities analyst K. Sterling forecasts that the transportation company will earn $0.15 per share for the quarter. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for Heartland Express’ Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $0.98 EPS.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The company had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. During the same period in the previous year, the business posted $0.16 earnings per share. The firm’s revenue was up 17.9% on a year-over-year basis.

Other research analysts also recently issued reports about the company. TheStreet raised Heartland Express from a “c” rating to a “b-” rating in a research report on Monday. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a research report on Tuesday, January 9th. UBS Group lifted 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. Finally, JPMorgan Chase & Co. dropped their price target on Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a research report on Wednesday. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. Heartland Express currently has an average rating of “Hold” and an average price target of $24.33.

Heartland Express (HTLD) opened at $20.49 on Thursday. Heartland Express has a one year low of $18.71 and a one year high of $25.22. The firm has a market capitalization of $1,778.52, a P/E ratio of 22.77, a P/E/G ratio of 1.85 and a beta of 0.47.

Several large investors have recently made changes to their positions in HTLD. ArrowMark Colorado Holdings LLC grew its holdings in shares of Heartland Express by 12.0% during the 4th 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 in the last quarter. 1060 Capital LLC acquired a new stake in shares of Heartland Express during the 4th quarter worth approximately $13,648,000. OppenheimerFunds Inc. grew its holdings in shares of Heartland Express by 161.5% during the 4th 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 in the last quarter. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Heartland Express during the 3rd quarter worth approximately $9,097,000. Finally, Standard Life Aberdeen plc grew its holdings in shares of Heartland Express by 15.9% during the 4th 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 in the last quarter. 59.44% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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