Wall Street analysts predict that Heartland Express, Inc. (NASDAQ:HTLD) will announce earnings per share of $0.25 for the current quarter, Zacks reports. Five analysts have provided estimates for Heartland Express’ earnings, with the highest EPS estimate coming in at $0.27 and the lowest estimate coming in at $0.24. Heartland Express posted earnings of $0.23 per share during the same quarter last year, which would indicate a positive year over year growth rate of 8.7%. The company is expected to announce its next earnings results on Wednesday, October 16th.

On average, analysts expect that Heartland Express will report full year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $0.97 to $1.05. For the next financial year, analysts forecast that the firm will report earnings of $1.01 per share, with EPS estimates ranging from $0.75 to $1.12. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings data on Thursday, July 18th. The transportation company reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.03. The business had revenue of $142.14 million during the quarter, compared to the consensus estimate of $144.93 million. Heartland Express had a net margin of 14.00% and a return on equity of 13.01%. The company’s quarterly revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.22 earnings per share.

A number of brokerages have weighed in on HTLD. UBS Group upped their price target on shares of Heartland Express from $20.00 to $23.00 and gave the company a “neutral” rating in a report on Friday, October 11th. Stephens began coverage on shares of Heartland Express in a report on Monday, July 1st. They issued a “hold” rating for the company. ValuEngine raised shares of Heartland Express from a “sell” rating to a “hold” rating in a report on Saturday. Morgan Stanley upped their price target on shares of Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Finally, Barclays reissued a “sell” rating and issued a $18.00 price target on shares of Heartland Express in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $20.86.

HTLD stock traded up $0.18 during trading on Monday, hitting $22.10. The company had a trading volume of 282,586 shares, compared to its average volume of 357,661. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $22.29. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 25.11 and a beta of 0.78. The business has a 50 day moving average of $21.37 and a 200 day moving average of $19.74.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Friday, September 20th were issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Thursday, September 19th. Heartland Express’s payout ratio is 9.09%.

In other news, Director Larry J. Gordon sold 44,944 shares of the company’s stock in a transaction dated 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 approximately $6,705,877.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 42.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. bought a new stake in Heartland Express during the second quarter worth approximately $106,000. Envestnet Asset Management Inc. bought a new stake in Heartland Express during the second quarter worth approximately $273,000. Bank of Montreal Can boosted its position in Heartland Express by 92.3% during the second quarter. Bank of Montreal Can now owns 7,927 shares of the transportation company’s stock worth $143,000 after purchasing an additional 3,805 shares during the period. SG Americas Securities LLC bought a new stake in Heartland Express during the second quarter worth approximately $231,000. Finally, BBT Capital Management LLC boosted its position in Heartland Express by 31.6% during the second quarter. BBT Capital Management LLC now owns 29,315 shares of the transportation company’s stock worth $530,000 after purchasing an additional 7,045 shares during the period. 56.31% of the stock is 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.

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

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