Brokerages expect that Heartland Express, Inc. (NASDAQ:HTLD) will report $0.23 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Heartland Express’ earnings, with the lowest EPS estimate coming in at $0.21 and the highest estimate coming in at $0.25. Heartland Express also posted earnings of $0.23 per share in the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 16th.
According to Zacks, analysts expect that Heartland Express will report full year earnings of $0.94 per share for the current financial year, with EPS estimates ranging from $0.88 to $0.99. For the next fiscal year, analysts forecast that the company will report earnings of $0.90 per share, with EPS estimates ranging from $0.70 to $1.04. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Heartland Express.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Thursday, July 18th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.03. Heartland Express had a return on equity of 13.22% and a net margin of 14.00%. The business had revenue of $142.14 million for the quarter, compared to analysts’ expectations of $144.93 million. During the same quarter last year, the firm earned $0.22 earnings per share. The business’s revenue was down 8.8% on a year-over-year basis.
Shares of HTLD stock traded up $0.23 during mid-day trading on Monday, hitting $19.93. 823,273 shares of the company’s stock were exchanged, compared to its average volume of 444,246. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $21.66. The company has a 50-day simple moving average of $18.34. The stock has a market capitalization of $1.61 billion, a PE ratio of 22.65 and a beta of 0.76.
The company also recently announced a quarterly dividend, which was paid on Monday, July 1st. Investors of record on Friday, June 21st were given a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, June 20th. Heartland Express’s dividend payout ratio (DPR) is currently 9.09%.
Several institutional investors and hedge funds have recently modified their holdings of the stock. Piedmont Investment Advisors Inc. raised its position in shares of Heartland Express by 6.0% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,974 shares of the transportation company’s stock worth $231,000 after buying an additional 680 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Heartland Express by 60.1% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after buying an additional 790 shares during the period. Comerica Bank raised its position in shares of Heartland Express by 1.9% in the 1st quarter. Comerica Bank now owns 47,169 shares of the transportation company’s stock worth $919,000 after buying an additional 876 shares during the period. Texas Permanent School Fund raised its position in shares of Heartland Express by 3.8% in the 1st quarter. Texas Permanent School Fund now owns 32,264 shares of the transportation company’s stock worth $622,000 after buying an additional 1,169 shares during the period. Finally, NumerixS Investment Technologies Inc raised its position in shares of Heartland Express by 51.8% in the 1st quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the transportation company’s stock worth $86,000 after buying an additional 1,501 shares during the period. 56.51% of the stock is currently owned by institutional investors and hedge funds.
About Heartland Express
Heartland Express, Inc, together with 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 truckload services.
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