Heartland Express, Inc. (HTLD) Expected to Post Earnings of $0.13 Per Share

Brokerages forecast that Heartland Express, Inc. (NASDAQ:HTLD) will announce $0.11 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Heartland Express’ earnings, with estimates ranging from $0.06 to $0.15. Heartland Express reported earnings of $0.17 per share in the same quarter last year, which suggests a negative year over year growth rate of 35.3%. The firm is scheduled to announce its next earnings report on Friday, April 20th.

On average, analysts expect that Heartland Express will report full year earnings of $0.77 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.99. For the next year, analysts expect that the business will report earnings of $1.00 per share, with EPS estimates ranging from $0.80 to $1.10. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Heartland Express had a return on equity of 7.84% and a net margin of 12.38%. The company had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. During the same quarter last year, the business earned $0.16 EPS. Heartland Express’s revenue was up 17.9% on a year-over-year basis.

HTLD has been the topic of a number of recent research reports. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. TheStreet lowered Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS Group raised their price objective on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Finally, Barclays lowered their price objective on Heartland Express from $21.00 to $20.00 and set an “underweight” rating on the stock in a research note on Wednesday, November 1st. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. Heartland Express presently has an average rating of “Hold” and a consensus price target of $24.33.

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

Several hedge funds have recently modified their holdings of HTLD. Hartford Investment Management Co. acquired a new stake in shares of Heartland Express in the 3rd quarter valued at $211,000. Crossmark Global Holdings Inc. acquired a new stake in shares of Heartland Express in the 3rd quarter valued at $238,000. Ramsey Quantitative Systems acquired a new stake in shares of Heartland Express in the 4th quarter valued at $240,000. ETRADE Capital Management LLC acquired a new stake in shares of Heartland Express in the 4th quarter valued at $244,000. Finally, Wrapmanager Inc. acquired a new stake in shares of Heartland Express in the 4th quarter valued at $248,000. 59.44% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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

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