Wall Street brokerages predict that Heartland Express, Inc. (NASDAQ:HTLD) will report sales of $160.21 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Heartland Express’ earnings, with the lowest sales estimate coming in at $156.60 million and the highest estimate coming in at $169.57 million. Heartland Express reported sales of $182.11 million in the same quarter last year, which indicates a negative year over year growth rate of 12%. The company is scheduled to report its next quarterly earnings results on Friday, October 26th.
On average, analysts expect that Heartland Express will report full-year sales of $631.64 million for the current fiscal year, with estimates ranging from $618.94 million to $647.11 million. For the next financial year, analysts expect that the business will report sales of $646.53 million, with estimates ranging from $593.59 million to $667.00 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Heartland Express.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Thursday, July 19th. The transportation company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.04. The business had revenue of $155.80 million for the quarter, compared to the consensus estimate of $160.07 million. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The company’s quarterly revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.18 EPS.
A number of brokerages have issued reports on HTLD. BidaskClub upgraded Heartland Express from a “strong sell” rating to a “sell” rating in a research report on Thursday. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday, September 29th. Deutsche Bank lowered their price target on Heartland Express from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, September 27th. ValuEngine downgraded Heartland Express from a “hold” rating to a “sell” rating in a research report on Saturday, September 22nd. Finally, TheStreet raised Heartland Express from a “c+” rating to a “b-” rating in a report on Thursday, August 30th. Five research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Heartland Express has an average rating of “Hold” and a consensus price target of $19.89.
In other Heartland Express news, Director Larry J. Gordon sold 4,390 shares of the stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $21.03, for a total transaction of $92,321.70. Following the completion of the transaction, the director now owns 348,103 shares of the company’s stock, valued at $7,320,606.09. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael John Sullivan bought 1,500 shares of Heartland Express stock in a transaction on Tuesday, July 31st. The shares were purchased at an average cost of $19.55 per share, with a total value of $29,325.00. Following the acquisition, the director now directly owns 5,402 shares of the company’s stock, valued at $105,609.10. The disclosure for this purchase can be found here. 42.10% of the stock is owned by corporate insiders.
Large investors have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. increased its holdings in shares of Heartland Express by 6.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 397,861 shares of the transportation company’s stock valued at $7,381,000 after purchasing an additional 23,158 shares during the last quarter. Sei Investments Co. increased its holdings in shares of Heartland Express by 14.8% in the second quarter. Sei Investments Co. now owns 141,828 shares of the transportation company’s stock valued at $2,631,000 after purchasing an additional 18,331 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Heartland Express by 6.3% in the second quarter. American Century Companies Inc. now owns 9,902,895 shares of the transportation company’s stock valued at $183,699,000 after purchasing an additional 589,580 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Heartland Express by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,791,113 shares of the transportation company’s stock valued at $51,775,000 after purchasing an additional 87,542 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Heartland Express in the second quarter valued at approximately $357,000. 59.97% of the stock is owned by hedge funds and other institutional investors.
Shares of HTLD stock opened at $17.90 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 35.10, a price-to-earnings-growth ratio of 1.63 and a beta of 0.64. Heartland Express has a 12-month low of $17.38 and a 12-month high of $24.09.
The company also recently announced a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 21st were issued a dividend of $0.02 per share. The ex-dividend date of this dividend was Thursday, September 20th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.45%. Heartland Express’s payout ratio is currently 15.69%.
About Heartland Express
Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.
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