Wall Street brokerages expect that Heartland Express, Inc. (NASDAQ:HTLD) will post $147.34 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Heartland Express’ earnings. The highest sales estimate is $155.30 million and the lowest is $142.00 million. Heartland Express reported sales of $151.28 million in the same quarter last year, which suggests a negative year-over-year growth rate of 2.6%. The firm is expected to report its next earnings results on Wednesday, October 16th.

On average, analysts expect that Heartland Express will report full-year sales of $574.52 million for the current year, with estimates ranging from $543.46 million to $601.30 million. For the next fiscal year, analysts anticipate that the company will report sales of $576.54 million, with estimates ranging from $548.47 million to $620.00 million. Zacks’ sales calculations 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 Thursday, July 18th. The transportation company reported $0.27 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $144.93 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. Heartland Express’s revenue for the quarter was down 8.8% on a year-over-year basis.

HTLD has been the topic of several research analyst reports. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. Stephens set a $112.00 target price on Genesee & Wyoming and gave the stock a “hold” rating in a research report on Monday, July 1st. Finally, BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $19.00.

Heartland Express stock traded up $0.04 during trading on Wednesday, hitting $19.97. The stock had a trading volume of 256,304 shares, compared to its average volume of 394,994. Heartland Express has a 1 year low of $17.00 and a 1 year high of $21.66. The company’s 50 day moving average price is $18.47. The firm has a market cap of $1.64 billion, a PE ratio of 22.69 and a beta of 0.77.

The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 21st were given a dividend of $0.02 per share. The ex-dividend date was Thursday, June 20th. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. Heartland Express’s dividend payout ratio is currently 9.09%.

Large investors have recently bought and sold shares of the business. Liberty Wealth Management LLC purchased a new stake in shares of Heartland Express during the fourth quarter worth $36,000. PNC Financial Services Group Inc. lifted its position in shares of Heartland Express by 60.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after acquiring an additional 790 shares in the last quarter. NumerixS Investment Technologies Inc lifted its position in shares of Heartland Express by 51.8% during the first quarter. NumerixS Investment Technologies Inc now owns 4,400 shares of the transportation company’s stock worth $86,000 after acquiring an additional 1,501 shares in the last quarter. Bessemer Group Inc. purchased a new stake in shares of Heartland Express during the second quarter worth $106,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Heartland Express by 515.0% during the first quarter. BNP Paribas Arbitrage SA now owns 10,689 shares of the transportation company’s stock worth $206,000 after acquiring an additional 8,951 shares in the last quarter. Hedge funds and other institutional investors own 56.51% of the company’s stock.

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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