Heartland Express (HTLD) Receives Neutral Rating from Seaport Global Securities

Heartland Express (NASDAQ:HTLD)‘s stock had its “neutral” rating restated by research analysts at Seaport Global Securities in a report released on Tuesday. Seaport Global Securities also issued estimates for Heartland Express’ Q1 2018 earnings at $0.15 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.22 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.20 EPS, Q2 2019 earnings at $0.23 EPS, Q3 2019 earnings at $0.27 EPS, Q4 2019 earnings at $0.28 EPS and FY2019 earnings at $0.98 EPS.

Several other equities analysts have also recently weighed in on HTLD. Zacks Investment Research cut Heartland Express from a “buy” rating to a “hold” rating in a research report on Monday, October 16th. UBS Group boosted their target price on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research report on Monday, October 30th. TheStreet cut Heartland Express from a “b” rating to a “c” rating in a research report on Friday, October 27th. Barclays reduced their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a research report on Wednesday, November 1st. Finally, BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $24.33.

Heartland Express (HTLD) opened at $20.49 on Tuesday. The firm has a market capitalization of $1,778.52, a price-to-earnings ratio of 22.77, a PEG ratio of 1.85 and a beta of 0.47. Heartland Express has a 52-week low of $18.71 and a 52-week high of $25.22.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to analysts’ expectations 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 for the quarter was up 17.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.16 earnings per share. analysts expect that Heartland Express will post 0.77 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its position in Heartland Express by 1.6% during the fourth quarter. American Century Companies Inc. now owns 8,096,511 shares of the transportation company’s stock worth $188,973,000 after buying an additional 128,030 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its position in Heartland Express by 12.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock worth $163,758,000 after buying an additional 749,703 shares in the last quarter. Vanguard Group Inc. grew its position in Heartland Express by 1.0% during the second quarter. Vanguard Group Inc. now owns 4,182,897 shares of the transportation company’s stock worth $87,089,000 after buying an additional 41,514 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Heartland Express by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,538,181 shares of the transportation company’s stock worth $63,652,000 after buying an additional 45,022 shares in the last quarter. Finally, Standard Life Aberdeen plc grew its position in Heartland Express by 15.9% during the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after buying an additional 315,143 shares in the last quarter. Institutional investors and hedge funds own 59.44% of the company’s stock.

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About Heartland Express

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.

Analyst Recommendations for Heartland Express (NASDAQ:HTLD)

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