Heartland Express (HTLD) Earning Somewhat Favorable Media Coverage, Report Finds
News articles about Heartland Express (NASDAQ:HTLD) have trended somewhat positive on Friday, Accern reports. Accern ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Heartland Express earned a news sentiment score of 0.04 on Accern’s scale. Accern also assigned headlines about the transportation company an impact score of 46.8707206691207 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several brokerages have recently weighed in on HTLD. TheStreet cut shares of Heartland Express from a “b” rating to a “c” rating in a research note on Friday, October 27th. UBS AG raised their price target on shares of Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a research note on Monday, October 30th. Stifel Nicolaus raised shares of Heartland Express from a “hold” rating to a “buy” rating and raised their target price for the company from $22.00 to $28.00 in a research note on Friday, September 29th. Robert W. Baird reissued a “hold” rating and issued a $26.00 target price on shares of Heartland Express in a research note on Friday, October 6th. Finally, Zacks Investment Research raised shares of Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Monday, October 9th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $24.17.
Heartland Express (NASDAQ:HTLD) traded down $0.15 during trading hours on Friday, hitting $21.22. 513,698 shares of the company traded hands, compared to its average volume of 493,328. Heartland Express has a twelve month low of $18.71 and a twelve month high of $25.22. The company has a market capitalization of $1,770.00, a PE ratio of 35.88, a PEG ratio of 2.64 and a beta of 0.54.
Heartland Express (NASDAQ:HTLD) last released its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.08). Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The firm had revenue of $182.10 million during the quarter, compared to the consensus estimate of $205.81 million. During the same period in the prior year, the business posted $0.15 earnings per share. Heartland Express’s quarterly revenue was up 22.0% compared to the same quarter last year. analysts anticipate that Heartland Express will post 0.54 EPS for the current fiscal year.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.54, for a total transaction of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.10% of the company’s stock.
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Heartland Express Company Profile
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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