Analysts Anticipate Heartland Express, Inc. (HTLD) Will Post Quarterly Sales of $152.89 Million

Wall Street brokerages expect that Heartland Express, Inc. (NASDAQ:HTLD) will announce $152.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Heartland Express’ earnings, with the highest sales estimate coming in at $165.03 million and the lowest estimate coming in at $141.23 million. Heartland Express posted sales of $165.70 million in the same quarter last year, which suggests a negative year over year growth rate of 7.7%. The firm is scheduled to announce its next earnings report on Monday, February 11th.

On average, analysts expect that Heartland Express will report full year sales of $619.32 million for the current financial year, with estimates ranging from $605.03 million to $641.00 million. For the next fiscal year, analysts expect that the firm will report sales of $628.70 million, with estimates ranging from $579.61 million to $672.49 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Heartland Express.

Heartland Express (NASDAQ:HTLD) last released its earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.02. The business had revenue of $151.30 million for the quarter, compared to analyst estimates of $162.80 million. Heartland Express had a net margin of 14.11% and a return on equity of 9.66%. The business’s revenue was down 16.9% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS.

Several equities research analysts have recently issued reports on HTLD shares. Morgan Stanley increased their price objective on shares of Heartland Express from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Monday, July 23rd. BidaskClub cut shares of Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. Deutsche Bank decreased their price target on shares of Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, August 22nd. Finally, ValuEngine cut shares of Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Two analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $19.43.

In related news, Director Larry J. Gordon sold 29,054 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total transaction of $610,134.00. Following the sale, the director now owns 352,493 shares of the company’s stock, valued at approximately $7,402,353. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry J. Gordon sold 4,390 shares of the stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $21.03, for a total value of $92,321.70. Following the sale, the director now directly owns 348,103 shares in the company, valued at approximately $7,320,606.09. The disclosure for this sale can be found here. 42.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. American Century Companies Inc. grew its position in Heartland Express by 6.3% during the second quarter. American Century Companies Inc. now owns 9,902,895 shares of the transportation company’s stock valued at $183,699,000 after purchasing an additional 589,580 shares in the last quarter. BlackRock Inc. grew its position in shares of Heartland Express by 5.8% during the 2nd quarter. BlackRock Inc. now owns 6,677,913 shares of the transportation company’s stock valued at $123,875,000 after acquiring an additional 364,244 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Heartland Express by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,791,113 shares of the transportation company’s stock valued at $51,775,000 after acquiring an additional 87,542 shares during the period. Investment Counselors of Maryland LLC grew its position in shares of Heartland Express by 35.2% during the 3rd quarter. Investment Counselors of Maryland LLC now owns 1,137,385 shares of the transportation company’s stock valued at $22,441,000 after acquiring an additional 296,364 shares during the period. Finally, Northern Trust Corp grew its position in shares of Heartland Express by 0.9% during the 2nd quarter. Northern Trust Corp now owns 665,912 shares of the transportation company’s stock valued at $12,352,000 after acquiring an additional 5,988 shares during the period. 60.01% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:HTLD traded down $0.36 during trading hours on Tuesday, reaching $19.85. 70,960 shares of the company were exchanged, compared to its average volume of 464,494. The company has a market cap of $1.65 billion, a P/E ratio of 38.92, a P/E/G ratio of 1.61 and a beta of 0.60. Heartland Express has a 52-week low of $17.38 and a 52-week high of $23.89.

About Heartland Express

Heartland Express, Inc, through 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 transportation services.

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