TheStreet cut shares of Heartland Express (NASDAQ:HTLD) from a b- rating to a c+ rating in a report issued on Thursday morning.
A number of other equities research analysts have also recently commented on HTLD. Zacks Investment Research cut Heartland Express from a hold rating to a sell rating in a report on Friday, December 22nd. BidaskClub raised Heartland Express from a hold rating to a buy rating in a report on Wednesday, December 27th. JPMorgan Chase reduced their target price on Heartland Express from $24.00 to $22.00 and set an underweight rating on the stock in a report on Wednesday, February 14th. Seaport Global Securities reaffirmed a neutral rating on shares of Heartland Express in a report on Tuesday, February 13th. Finally, Morgan Stanley lifted their target price on Heartland Express from $15.00 to $16.00 and gave the stock an underweight rating in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a sell rating and five have issued a hold rating to the company. The stock presently has a consensus rating of Sell and a consensus target price of $21.13.
NASDAQ:HTLD opened at $17.79 on Thursday. The stock has a market cap of $1,482.12, a price-to-earnings ratio of 34.88, a price-to-earnings-growth ratio of 1.68 and a beta of 0.67. Heartland Express has a 52 week low of $17.51 and a 52 week high of $25.22.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). The business had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. Heartland Express’s revenue was up 17.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.16 earnings per share. equities research analysts predict that Heartland Express will post 0.7 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, March 22nd. This represents a $0.08 annualized dividend and a dividend yield of 0.45%. Heartland Express’s dividend payout ratio (DPR) is 15.69%.
Several hedge funds have recently modified their holdings of HTLD. Ramsey Quantitative Systems bought a new stake in shares of Heartland Express in the fourth quarter worth about $240,000. ETRADE Capital Management LLC purchased a new position in Heartland Express in the fourth quarter worth about $244,000. Wrapmanager Inc. purchased a new position in Heartland Express in the fourth quarter worth about $248,000. Piedmont Investment Advisors LLC purchased a new position in Heartland Express in the third quarter worth about $273,000. Finally, OLD National Bancorp IN purchased a new position in Heartland Express in the fourth quarter worth about $287,000. 61.56% of the stock is currently owned by hedge funds and other institutional investors.
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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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