Analysts predict that Heartland Express, Inc. (NASDAQ:HTLD) will post $151.17 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Heartland Express’ earnings, with estimates ranging from $143.00 million to $162.64 million. Heartland Express posted sales of $155.83 million in the same quarter last year, which suggests a negative year-over-year growth rate of 3%. The business is scheduled to issue its next earnings results on Thursday, July 18th.

On average, analysts expect that Heartland Express will report full year sales of $590.99 million for the current financial year, with estimates ranging from $560.46 million to $636.25 million. For the next fiscal year, analysts forecast that the company will report sales of $613.42 million, with estimates ranging from $570.43 million to $686.47 million. Zacks Investment Research’s 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 released its earnings results on Thursday, April 18th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.02. The business had revenue of $139.54 million for the quarter, compared to analyst estimates of $147.43 million. Heartland Express had a return on equity of 12.64% and a net margin of 12.91%. The company’s revenue for the quarter was down 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 earnings per share.

HTLD has been the topic of a number of recent research reports. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Wednesday, February 6th. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a report on Tuesday, February 5th. Finally, Stephens reissued a “hold” rating and issued a $21.00 target price on shares of Heartland Express in a report on Sunday, January 27th. One research analyst has rated the stock with a sell rating and seven have assigned a hold rating to the stock. Heartland Express has a consensus rating of “Hold” and an average target price of $19.50.

In related news, VP Kent Daryl Rigdon sold 1,538 shares of the company’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $20.09, for a total transaction of $30,898.42. Following the transaction, the vice president now owns 1,128 shares of the company’s stock, valued at $22,661.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.80% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in Heartland Express by 4.2% during the first quarter. BlackRock Inc. now owns 7,211,023 shares of the transportation company’s stock worth $139,028,000 after acquiring an additional 289,123 shares during the period. Vanguard Group Inc grew its holdings in Heartland Express by 2.0% during the third quarter. Vanguard Group Inc now owns 4,661,673 shares of the transportation company’s stock worth $91,974,000 after acquiring an additional 90,795 shares during the period. Vanguard Group Inc. grew its holdings in Heartland Express by 2.0% during the third quarter. Vanguard Group Inc. now owns 4,661,673 shares of the transportation company’s stock worth $91,974,000 after acquiring an additional 90,795 shares during the period. Dimensional Fund Advisors LP grew its holdings in Heartland Express by 6.1% during the first quarter. Dimensional Fund Advisors LP now owns 3,202,896 shares of the transportation company’s stock worth $61,752,000 after acquiring an additional 183,644 shares during the period. Finally, Investment Counselors of Maryland LLC grew its holdings in Heartland Express by 1.5% during the fourth quarter. Investment Counselors of Maryland LLC now owns 1,154,178 shares of the transportation company’s stock worth $21,121,000 after acquiring an additional 16,793 shares during the period. 60.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ:HTLD traded up $0.14 during trading on Wednesday, reaching $19.61. The company had a trading volume of 243,300 shares, compared to its average volume of 387,708. The firm has a market cap of $1.56 billion, a P/E ratio of 22.24, a PEG ratio of 1.32 and a beta of 0.75. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $21.66.

Heartland Express Company Profile

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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