Wall Street brokerages expect that Heartland Express, Inc. (NASDAQ:HTLD) will post earnings of $0.25 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have issued estimates for Heartland Express’ earnings. The lowest EPS estimate is $0.22 and the highest is $0.28. Heartland Express posted earnings of $0.23 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 8.7%. The business is expected to announce its next quarterly earnings results on Wednesday, October 16th.

On average, analysts expect that Heartland Express will report full year earnings of $0.98 per share for the current financial year, with EPS estimates ranging from $0.93 to $1.04. For the next year, analysts anticipate that the firm will post earnings of $0.94 per share, with EPS estimates ranging from $0.80 to $1.04. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Heartland Express.

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

HTLD has been the topic of several recent research reports. BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Stephens initiated coverage on Heartland Express in a report on Monday, July 1st. They issued a “hold” rating on the stock. Zacks Investment Research upgraded Heartland Express from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Finally, Robert W. Baird set a $21.00 price target on Heartland Express and gave the stock a “hold” rating in a report on Friday, July 19th. Six investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $20.50.

A number of large investors have recently made changes to their positions in HTLD. Northern Trust Corp lifted its holdings in shares of Heartland Express by 0.8% in the second quarter. Northern Trust Corp now owns 680,575 shares of the transportation company’s stock valued at $12,298,000 after purchasing an additional 5,271 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Heartland Express by 5.0% in the second quarter. Bank of New York Mellon Corp now owns 650,193 shares of the transportation company’s stock valued at $11,748,000 after purchasing an additional 31,034 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Heartland Express by 8.8% in the fourth quarter. Geode Capital Management LLC now owns 595,921 shares of the transportation company’s stock valued at $10,905,000 after purchasing an additional 48,156 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Heartland Express by 82.1% in the second quarter. Renaissance Technologies LLC now owns 539,233 shares of the transportation company’s stock valued at $9,744,000 after purchasing an additional 243,097 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Heartland Express in the fourth quarter valued at approximately $7,111,000. Institutional investors and hedge funds own 55.50% of the company’s stock.

NASDAQ:HTLD traded up $0.41 on Tuesday, hitting $19.75. The stock had a trading volume of 160,691 shares, compared to its average volume of 398,603. The company’s fifty day moving average price is $19.05. The company has a market cap of $1.62 billion, a P/E ratio of 22.44 and a beta of 0.79. Heartland Express has a 52 week low of $17.00 and a 52 week high of $21.51.

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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