$194.40 Million in Sales Expected for Heartland Express, Inc. (HTLD) This Quarter

Equities analysts expect Heartland Express, Inc. (NASDAQ:HTLD) to report $194.40 million in sales for the current quarter, according to Zacks. Five analysts have made estimates for Heartland Express’ earnings. The lowest sales estimate is $171.00 million and the highest is $244.84 million. Heartland Express reported sales of $140.04 million in the same quarter last year, which would suggest a positive year over year growth rate of 38.8%. The firm is scheduled to issue its next quarterly earnings results on Thursday, January 25th.

According to Zacks, analysts expect that Heartland Express will report full-year sales of $194.40 million for the current year, with estimates ranging from $610.05 million to $686.47 million. For the next year, analysts expect that the firm will post sales of $804.31 million per share, with estimates ranging from $670.00 million to $1.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $182.10 million for the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. Heartland Express’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 earnings per share.

HTLD has been the topic of several analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $24.00 price target on shares of Heartland Express in a research report on Sunday, September 17th. JPMorgan Chase & Co. increased their price target on Heartland Express from $19.00 to $21.00 and gave the stock an “underweight” rating in a research report on Thursday, October 12th. Barclays cut their price target on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a research report on Wednesday, November 1st. BidaskClub downgraded Heartland Express from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $24.17.

Shares of Heartland Express (NASDAQ:HTLD) traded down $0.49 on Thursday, reaching $23.10. The company’s stock had a trading volume of 341,775 shares, compared to its average volume of 387,107. The firm has a market cap of $1,924.30, a P/E ratio of 38.50, a P/E/G ratio of 2.18 and a beta of 0.55. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th were given a $0.02 dividend. The ex-dividend date of this dividend was Monday, December 11th. This represents a $0.08 annualized dividend and a yield of 0.35%. Heartland Express’s dividend payout ratio is presently 13.33%.

Several institutional investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. lifted its position in Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after acquiring an additional 58 shares during the last quarter. Hartford Investment Management Co. acquired a new position in Heartland Express in the third quarter valued at $211,000. Crossmark Global Holdings Inc. acquired a new position in shares of Heartland Express during the third quarter worth about $238,000. Victory Capital Management Inc. increased its stake in shares of Heartland Express by 17.6% during the second quarter. Victory Capital Management Inc. now owns 10,005 shares of the transportation company’s stock worth $208,000 after acquiring an additional 1,500 shares during the period. Finally, Neuberger Berman Group LLC acquired a new position in shares of Heartland Express during the second quarter worth about $210,000. 59.28% of the stock is owned by institutional investors and hedge funds.

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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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