Heartland Express, Inc. (HTLD) to Release Quarterly Earnings on Monday
Heartland Express, Inc. (NASDAQ:HTLD) will be announcing its earnings results before the market opens on Monday, November 27th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the Zacks’ 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 quarter in the prior year, the company earned $0.15 EPS. Heartland Express’s quarterly revenue was up 22.0% on a year-over-year basis. On average, analysts expect Heartland Express to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Heartland Express, Inc. (HTLD) opened at $21.25 on Friday. Heartland Express, Inc. has a 1 year low of $18.71 and a 1 year high of $25.22. The company has a market cap of $1,770.00, a price-to-earnings ratio of 35.33, a P/E/G ratio of 2.60 and a beta of 0.54.
A number of analysts recently commented on HTLD shares. Zacks Investment Research cut shares of Heartland Express from a “hold” rating to a “sell” rating in a research report on Wednesday, November 1st. BidaskClub cut shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Robert W. Baird restated a “hold” rating and issued a $26.00 price objective on shares of Heartland Express in a research report on Friday, October 6th. Stifel Nicolaus upgraded shares of Heartland Express from a “hold” rating to a “buy” rating and upped their price objective for the company from $22.00 to $28.00 in a research report on Friday, September 29th. Finally, TheStreet upgraded shares of Heartland Express from a “c+” rating to a “b” rating in a research report on Thursday, September 7th. Four investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $24.17.
In other Heartland Express news, EVP John P. Cosaert sold 7,146 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 57,668 shares in the company, valued at approximately $1,299,836.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 42.10% of the stock is currently owned by corporate insiders.
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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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