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.
COPYRIGHT VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are viewing this news story on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/06/194-40-million-in-sales-expected-for-heartland-express-inc-htld-this-quarter.html.
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.
Get a free copy of the Zacks research report on Heartland Express (HTLD)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.