$0.26 Earnings Per Share Expected for Heartland Express, Inc. (NASDAQ:HTLD) This Quarter

Equities analysts expect Heartland Express, Inc. (NASDAQ:HTLD) to post earnings of $0.26 per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Heartland Express’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. Heartland Express reported earnings of $0.27 per share during the same quarter last year, which suggests a negative year over year growth rate of 3.7%. The business is scheduled to report its next earnings results on Tuesday, January 28th.

On average, analysts expect that Heartland Express will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.98 to $1.02. For the next fiscal year, analysts forecast that the company will report earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.10. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Heartland Express.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The business had revenue of $147.91 million during the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year.

Several equities research analysts recently commented on HTLD shares. BidaskClub cut Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, November 2nd. Morgan Stanley raised their target price on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Robert W. Baird set a $21.00 target price on Heartland Express and gave the stock a “hold” rating in a research note on Friday, July 19th. ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Seaport Global Securities raised Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a research note on Thursday, September 5th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $20.86.

In other Heartland Express news, Director Larry J. Gordon sold 44,944 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $22.12, for a total value of $994,161.28. Following the transaction, the director now owns 303,159 shares in the company, valued at $6,705,877.08. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.80% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in the business. KBC Group NV bought a new position in shares of Heartland Express in the second quarter valued at approximately $55,000. Russell Investments Group Ltd. bought a new position in shares of Heartland Express in the third quarter valued at approximately $79,000. Bessemer Group Inc. bought a new position in shares of Heartland Express in the second quarter valued at approximately $106,000. Royal Bank of Canada lifted its holdings in shares of Heartland Express by 18.7% in the second quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Strs Ohio bought a new position in shares of Heartland Express in the third quarter valued at approximately $122,000. Institutional investors and hedge funds own 55.94% of the company’s stock.

HTLD traded up $0.05 on Tuesday, reaching $22.16. The stock had a trading volume of 191,300 shares, compared to its average volume of 375,559. The firm has a 50-day moving average of $21.67 and a 200-day moving average of $20.00. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $22.71. The company has a market capitalization of $1.80 billion, a price-to-earnings ratio of 25.18 and a beta of 0.77. The company has a current ratio of 2.29, a quick ratio of 3.65 and a debt-to-equity ratio of 0.06.

Heartland Express Company Profile

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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Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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