Wall Street brokerages expect Heartland Financial USA Inc (NASDAQ:HTLF) to announce sales of $135.69 million for the current quarter, Zacks reports. Three analysts have issued estimates for Heartland Financial USA’s earnings. The highest sales estimate is $138.00 million and the lowest is $133.20 million. Heartland Financial USA posted sales of $129.04 million in the same quarter last year, which suggests a positive year over year growth rate of 5.2%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, July 29th.

According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $544.47 million for the current fiscal year, with estimates ranging from $531.14 million to $556.40 million. For the next financial year, analysts anticipate that the business will post sales of $570.93 million, with estimates ranging from $551.98 million to $582.10 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Heartland Financial USA.

Heartland Financial USA (NASDAQ:HTLF) last posted its quarterly earnings results on Monday, April 29th. The bank reported $0.91 EPS for the quarter, missing the consensus estimate of $0.97 by ($0.06). The business had revenue of $129.70 million during the quarter, compared to analyst estimates of $131.55 million. Heartland Financial USA had a net margin of 20.99% and a return on equity of 9.57%. The firm’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.76 earnings per share.

Several research firms recently commented on HTLF. BidaskClub upgraded Zai Lab from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 28th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd.

Shares of NASDAQ:HTLF traded down $0.20 during trading on Tuesday, hitting $43.80. The company’s stock had a trading volume of 138,998 shares, compared to its average volume of 133,586. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.20. Heartland Financial USA has a fifty-two week low of $40.80 and a fifty-two week high of $61.95. The firm’s 50-day simple moving average is $43.75. The stock has a market capitalization of $1.52 billion, a P/E ratio of 12.44, a PEG ratio of 1.16 and a beta of 0.95.

A number of hedge funds have recently modified their holdings of HTLF. Norges Bank acquired a new stake in shares of Heartland Financial USA during the 4th quarter valued at $11,912,000. BlackRock Inc. increased its position in Heartland Financial USA by 8.7% during the fourth quarter. BlackRock Inc. now owns 2,252,763 shares of the bank’s stock worth $99,009,000 after buying an additional 180,000 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Heartland Financial USA by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,251,833 shares of the bank’s stock worth $55,018,000 after buying an additional 60,279 shares during the last quarter. Marshall Wace LLP acquired a new position in Heartland Financial USA during the first quarter worth $2,390,000. Finally, Geode Capital Management LLC increased its position in Heartland Financial USA by 8.0% during the fourth quarter. Geode Capital Management LLC now owns 334,929 shares of the bank’s stock worth $14,720,000 after buying an additional 24,812 shares during the last quarter. 53.55% of the stock is owned by institutional investors and hedge funds.

Heartland Financial USA Company Profile

Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.

See Also: Leveraged Buyout (LBO)

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Earnings History and Estimates for Heartland Financial USA (NASDAQ:HTLF)

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