Zacks: Brokerages Anticipate Heartland Express, Inc. (NASDAQ:HTLD) to Announce $0.26 Earnings Per Share

Wall Street brokerages expect Heartland Express, Inc. (NASDAQ:HTLD) to report earnings per share (EPS) of $0.26 for the current quarter, according to Zacks. Five analysts have made estimates for Heartland Express’ earnings, with estimates ranging from $0.25 to $0.28. Heartland Express reported earnings of $0.27 per share during the same quarter last year, which would suggest a negative year over year growth rate of 3.7%. The firm is scheduled to announce its next earnings results on Tuesday, January 28th.

On average, analysts expect that Heartland Express will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.02. For the next financial year, analysts expect that the firm will report earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.10. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.25 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.25. The firm had revenue of $147.91 million during the quarter, compared to analyst estimates of $147.02 million. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The company’s revenue was down 2.2% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.

Several equities analysts have recently weighed in on HTLD shares. UBS Group lifted their price objective on Heartland Express from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Robert W. Baird set a $21.00 price objective on Heartland Express and gave the company a “hold” rating in a report on Friday, July 19th. Barclays reiterated a “sell” rating and set a $18.00 price objective on shares of Heartland Express in a report on Thursday, October 3rd. BidaskClub cut Heartland Express from a “hold” rating to a “sell” rating in a report on Saturday, November 2nd. Finally, ValuEngine upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.86.

HTLD stock traded up $0.05 during midday trading on Tuesday, reaching $22.16. The stock had a trading volume of 191,300 shares, compared to its average volume of 375,559. Heartland Express has a twelve month low of $17.00 and a twelve month high of $22.71. The company has a quick ratio of 3.65, a current ratio of 2.29 and a debt-to-equity ratio of 0.06. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 25.18 and a beta of 0.77. The business has a fifty day simple moving average of $21.67 and a two-hundred day simple moving average of $20.00.

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In other Heartland Express news, Director Larry J. Gordon sold 44,944 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $22.12, for a total value of $994,161.28. Following the sale, the director now owns 303,159 shares in the company, valued at approximately $6,705,877.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTLD. KBC Group NV bought a new stake in Heartland Express in the 2nd quarter valued at approximately $55,000. Russell Investments Group Ltd. bought a new stake in Heartland Express in the 3rd quarter valued at approximately $79,000. Bessemer Group Inc. bought a new stake in Heartland Express in the 2nd quarter valued at approximately $106,000. Royal Bank of Canada lifted its stake in Heartland Express by 18.7% in the 2nd quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Strs Ohio bought a new stake in Heartland Express in the 3rd quarter valued at approximately $122,000. Hedge funds and other institutional investors own 55.94% of the company’s stock.

About Heartland Express

Heartland Express, Inc, together with 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 truckload services.

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

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