Zacks: Brokerages Expect Heartland Financial USA Inc (HTLF) Will Announce Quarterly Sales of $115.56 Million

Equities analysts predict that Heartland Financial USA Inc (NASDAQ:HTLF) will post sales of $115.56 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Heartland Financial USA’s earnings, with the lowest sales estimate coming in at $113.90 million and the highest estimate coming in at $117.77 million. Heartland Financial USA posted sales of $98.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.8%. The company is scheduled to report its next quarterly earnings results on Monday, April 23rd.

According to Zacks, analysts expect that Heartland Financial USA will report full-year sales of $115.56 million for the current financial year, with estimates ranging from $504.30 million to $525.10 million. For the next financial year, analysts expect that the business will post sales of $562.45 million per share, with estimates ranging from $547.60 million to $576.70 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, January 29th. The bank reported $0.80 earnings per share for the quarter, meeting the consensus estimate of $0.80. The firm had revenue of $118.38 million for the quarter, compared to analysts’ expectations of $116.31 million. Heartland Financial USA had a net margin of 16.16% and a return on equity of 10.02%. During the same quarter in the previous year, the company posted $0.74 EPS.

Several brokerages have recently weighed in on HTLF. BidaskClub cut shares of Heartland Financial USA from a “buy” rating to a “hold” rating in a research report on Thursday, January 25th. FBR & Co set a $50.00 target price on shares of Heartland Financial USA and gave the company a “hold” rating in a research report on Tuesday, October 31st. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $57.00 target price on shares of Heartland Financial USA in a research report on Thursday, December 14th. ValuEngine raised shares of Heartland Financial USA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, UBS Group cut shares of Heartland Financial USA from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, January 9th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.00.

Shares of Heartland Financial USA (NASDAQ HTLF) traded up $0.75 during mid-day trading on Wednesday, hitting $53.60. 233,700 shares of the stock traded hands, compared to its average volume of 136,397. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.78 and a current ratio of 0.78. The firm has a market cap of $1,610.00, a PE ratio of 20.15, a price-to-earnings-growth ratio of 1.42 and a beta of 0.75. Heartland Financial USA has a 1 year low of $42.10 and a 1 year high of $56.40.

The business also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Friday, February 16th will be given a $0.13 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.52 dividend on an annualized basis and a yield of 0.97%. This is a boost from Heartland Financial USA’s previous quarterly dividend of $0.11. Heartland Financial USA’s dividend payout ratio is presently 19.55%.

A number of hedge funds and other institutional investors have recently bought and sold shares of HTLF. Ameritas Investment Partners Inc. lifted its position in Heartland Financial USA by 9.9% in the second quarter. Ameritas Investment Partners Inc. now owns 2,156 shares of the bank’s stock valued at $102,000 after buying an additional 195 shares during the last quarter. Mosaic Family Wealth LLC acquired a new stake in shares of Heartland Financial USA during the fourth quarter worth about $182,000. Eqis Capital Management Inc. acquired a new stake in shares of Heartland Financial USA during the fourth quarter worth about $216,000. Ladenburg Thalmann Financial Services Inc. lifted its position in shares of Heartland Financial USA by 41.0% during the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,429 shares of the bank’s stock worth $220,000 after purchasing an additional 1,288 shares in the last quarter. Finally, Teton Advisors Inc. acquired a new stake in shares of Heartland Financial USA during the third quarter worth about $222,000. 51.03% of the stock is currently owned by institutional investors.

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Heartland Financial USA Company Profile

Heartland Financial USA, Inc (Heartland) is a diversified financial services company engaged in providing banking, mortgage, private client, investment, treasury management, card services, insurance, and consumer finance services to individuals and businesses. Its segments include community and other banking, and retail mortgage banking.

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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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