Wall Street brokerages predict that Heartland Express, Inc. (NASDAQ:HTLD) will report sales of $172.90 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Heartland Express’ earnings. The highest sales estimate is $182.60 million and the lowest is $166.78 million. Heartland Express posted sales of $147.00 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The business is expected to report its next earnings report on Tuesday, January 28th.
According to Zacks, analysts expect that Heartland Express will report full year sales of $600.97 million for the current fiscal year, with estimates ranging from $593.06 million to $612.20 million. For the next fiscal year, analysts anticipate that the firm will post sales of $689.15 million, with estimates ranging from $624.22 million to $727.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Heartland Express.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.25. The business had revenue of $147.91 million for the quarter, compared to analysts’ expectations of $147.02 million. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.23 earnings per share.
A number of equities research analysts recently issued reports on the company. Barclays reissued a “sell” rating and issued a $18.00 target price on shares of Heartland Express in a research report on Thursday, October 3rd. Seaport Global Securities raised Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 target price on the stock in a research report on Thursday, September 5th. Robert W. Baird set a $21.00 target price on Heartland Express and gave the company a “hold” rating in a research report on Friday, July 19th. UBS Group lifted their target price on Heartland Express from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, Zacks Investment Research raised Heartland Express from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. Heartland Express has an average rating of “Hold” and an average price target of $20.86.
Heartland Express stock traded up $0.05 during mid-day trading on Thursday, hitting $22.16. The stock had a trading volume of 191,300 shares, compared to its average volume of 375,559. The stock has a 50-day simple moving average of $21.67 and a two-hundred day simple moving average of $20.00. Heartland Express has a 12 month low of $17.00 and a 12 month high of $22.71. The stock has a market capitalization of $1.80 billion, a PE 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.
In related news, Director Larry J. Gordon sold 44,944 shares of Heartland Express 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 sale, the director now owns 303,159 shares of the company’s stock, valued at approximately $6,705,877.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 42.80% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of HTLD. CWM Advisors LLC increased its position in shares of Heartland Express by 16.6% during the 2nd quarter. CWM Advisors LLC now owns 11,738 shares of the transportation company’s stock worth $212,000 after purchasing an additional 1,667 shares during the last quarter. Bessemer Group Inc. acquired a new position in shares of Heartland Express during the 2nd quarter worth approximately $106,000. SG Americas Securities LLC acquired a new position in shares of Heartland Express during the 2nd quarter worth approximately $231,000. KBC Group NV acquired a new position in shares of Heartland Express during the 2nd quarter worth approximately $55,000. Finally, Wrapmanager Inc. increased its position in shares of Heartland Express by 6.0% during the 2nd quarter. Wrapmanager Inc. now owns 14,194 shares of the transportation company’s stock worth $256,000 after purchasing an additional 799 shares during the last quarter. 55.94% of the stock is currently owned by hedge funds and other institutional investors.
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.
Featured Story: Basic Economics
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.