Wall Street brokerages forecast that Heartland Express, Inc. (NASDAQ:HTLD) will report sales of $208.20 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Heartland Express’ earnings. The highest sales estimate is $239.90 million and the lowest is $193.10 million. Heartland Express posted sales of $149.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 39.4%. The business is expected to issue its next quarterly earnings report on Thursday, October 19th.

According to Zacks, analysts expect that Heartland Express will report full-year sales of $208.20 million for the current year, with estimates ranging from $651.60 million to $729.60 million. For the next financial year, analysts expect that the firm will post sales of $807.75 million per share, with estimates ranging from $746.00 million to $920.40 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by $0.01. The company had revenue of $129.62 million during the quarter, compared to the consensus estimate of $139.89 million. Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The firm’s revenue was down 19.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.20 earnings per share.

HTLD has been the topic of several research analyst reports. Zacks Investment Research lowered Heartland Express from a “buy” rating to a “sell” rating in a research report on Monday, July 3rd. Morgan Stanley reaffirmed an “underweight” rating on shares of Heartland Express in a research report on Tuesday, July 11th. Stifel Nicolaus reaffirmed a “hold” rating and set a $23.00 price target (up previously from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. BidaskClub raised Heartland Express from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Finally, TheStreet lowered Heartland Express from a “b-” rating to a “c+” rating in a research report on Friday, May 26th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $20.80.

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Large investors have recently added to or reduced their stakes in the company. Pinebridge Investments L.P. increased its holdings in shares of Heartland Express by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 5,707 shares of the transportation company’s stock valued at $119,000 after purchasing an additional 58 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Heartland Express by 52.7% in the first quarter. Victory Capital Management Inc. now owns 8,505 shares of the transportation company’s stock valued at $171,000 after purchasing an additional 2,935 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of Heartland Express by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 8,546 shares of the transportation company’s stock valued at $177,000 after purchasing an additional 3,766 shares during the period. Municipal Employees Retirement System of Michigan increased its holdings in shares of Heartland Express by 1.6% in the first quarter. Municipal Employees Retirement System of Michigan now owns 9,890 shares of the transportation company’s stock valued at $198,000 after purchasing an additional 160 shares during the period. Finally, Mason Street Advisors LLC increased its holdings in shares of Heartland Express by 7.0% in the first quarter. Mason Street Advisors LLC now owns 10,128 shares of the transportation company’s stock valued at $203,000 after purchasing an additional 664 shares during the period. 60.91% of the stock is currently owned by institutional investors and hedge funds.

Heartland Express (HTLD) opened at 22.31 on Monday. The firm has a market cap of $1.86 billion, a price-to-earnings ratio of 34.32 and a beta of 0.52. Heartland Express has a 12 month low of $17.06 and a 12 month high of $22.69. The firm’s 50 day moving average is $21.27 and its 200-day moving average is $20.45.

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

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