$159.67 Million in Sales Expected for Heartland Express, Inc. (HTLD) This Quarter

Analysts predict that Heartland Express, Inc. (NASDAQ:HTLD) will announce sales of $159.67 million for the current quarter, according to Zacks. Five analysts have made estimates for Heartland Express’ earnings. The lowest sales estimate is $152.40 million and the highest is $165.03 million. Heartland Express posted sales of $165.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.6%. The firm is expected to issue its next quarterly earnings results on Monday, February 11th.

According to Zacks, analysts expect that Heartland Express will report full-year sales of $631.64 million for the current financial year, with estimates ranging from $618.94 million to $647.11 million. For the next financial year, analysts anticipate that the company will post sales of $647.21 million, with estimates ranging from $593.59 million to $670.87 million. Zacks’ sales averages are an average based on a survey of research firms that cover Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. The firm had revenue of $151.30 million during the quarter, compared to analysts’ expectations of $162.80 million. Heartland Express had a return on equity of 7.88% and a net margin of 11.77%. The firm’s revenue was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share.

Several research analysts have commented on HTLD shares. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Wednesday, August 22nd. TheStreet raised Heartland Express from a “c+” rating to a “b-” rating in a research report on Thursday, August 30th. ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research report on Monday, August 20th. Morgan Stanley lifted their price target on Heartland Express from $14.00 to $15.00 and gave the stock an “underweight” rating in a research report on Monday, July 23rd. Finally, Deutsche Bank cut their price target on Heartland Express from $19.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, September 27th. Four research analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $19.89.

HTLD stock traded up $1.28 during trading on Friday, hitting $19.74. 1,058,100 shares of the company’s stock were exchanged, compared to its average volume of 508,673. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 38.71, a PEG ratio of 1.63 and a beta of 0.64. Heartland Express has a 52-week low of $17.38 and a 52-week high of $24.09.

The company also recently declared a quarterly dividend, which was paid on Monday, October 1st. Shareholders of record on Friday, September 21st were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date was Thursday, September 20th. Heartland Express’s dividend payout ratio (DPR) is 15.69%.

In other news, Director Larry J. Gordon sold 4,390 shares of the business’s stock in a transaction that occurred on Friday, September 14th. The stock was sold at an average price of $21.03, for a total value of $92,321.70. Following the transaction, the director now owns 348,103 shares of the company’s stock, valued at $7,320,606.09. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael John Sullivan bought 1,500 shares of the company’s stock in a transaction dated Tuesday, July 31st. The stock was bought at an average cost of $19.55 per share, for a total transaction of $29,325.00. Following the acquisition, the director now owns 5,402 shares of the company’s stock, valued at approximately $105,609.10. The disclosure for this purchase can be found here. Insiders own 42.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. American Century Companies Inc. increased its holdings in shares of Heartland Express by 6.3% in 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 during the period. BlackRock Inc. increased its holdings in shares of Heartland Express by 5.8% in the second quarter. BlackRock Inc. now owns 6,677,913 shares of the transportation company’s stock valued at $123,875,000 after purchasing an additional 364,244 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Heartland Express by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,791,113 shares of the transportation company’s stock valued at $51,775,000 after purchasing an additional 87,542 shares during the period. Investment Counselors of Maryland LLC increased its holdings in shares of Heartland Express by 8.0% in the second quarter. Investment Counselors of Maryland LLC now owns 841,021 shares of the transportation company’s stock valued at $15,601,000 after purchasing an additional 62,162 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Heartland Express by 0.9% in the second quarter. Northern Trust Corp now owns 665,912 shares of the transportation company’s stock valued at $12,352,000 after purchasing an additional 5,988 shares during the period. 59.97% of the stock is currently owned by institutional investors and hedge funds.

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

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