Analysts expect that Heartland Express, Inc. (NASDAQ:HTLD) will announce earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Heartland Express’ earnings, with the lowest EPS estimate coming in at $0.25 and the highest estimate coming in at $0.28. Heartland Express reported earnings of $0.27 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 3.7%. The company is expected to issue its next quarterly earnings report on Tuesday, January 28th.

According to Zacks, analysts expect that Heartland Express will report full year earnings of $1.00 per share for the current fiscal year, with EPS estimates ranging from $0.98 to $1.02. For the next fiscal year, analysts forecast that the business will report earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.10. Zacks’ EPS averages are an average based on a survey of research firms that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The business had revenue of $147.91 million during the quarter, compared to analysts’ expectations of $147.02 million. Heartland Express had a net margin of 14.33% and a return on equity of 12.84%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the business earned $0.23 earnings per share.

Several analysts recently weighed in on HTLD shares. Morgan Stanley lifted their target price on shares of Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a report on Monday, October 7th. Zacks Investment Research cut Heartland Express from a “buy” rating to a “strong sell” rating in a research note on Tuesday, November 12th. BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. ValuEngine raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Saturday, October 19th. Finally, Seaport Global Securities upgraded Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 price objective on the stock in a report on Thursday, September 5th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $20.86.

Shares of HTLD stock opened at $20.96 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29. The firm has a market cap of $1.76 billion, a P/E ratio of 23.82 and a beta of 0.76. The firm’s 50 day moving average price is $21.74 and its 200-day moving average price is $20.19. Heartland Express has a one year low of $17.00 and a one year high of $22.71.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Tuesday, December 10th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Monday, December 9th. Heartland Express’s dividend payout ratio (DPR) is currently 9.09%.

In related news, Director Larry J. Gordon sold 44,944 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.12, for a total transaction of $994,161.28. Following the sale, the director now directly owns 303,159 shares of the company’s stock, valued at approximately $6,705,877.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 42.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. KBC Group NV acquired a new stake in Heartland Express in the second quarter valued at $55,000. Russell Investments Group Ltd. acquired a new position in shares of Heartland Express during the third quarter valued at $79,000. Bessemer Group Inc. bought a new position in shares of Heartland Express during the second quarter worth about $106,000. Royal Bank of Canada increased its stake in shares of Heartland Express by 18.7% in the second quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after purchasing an additional 1,048 shares during the period. Finally, Strs Ohio acquired a new stake in shares of Heartland Express in the third quarter valued at approximately $122,000. 55.23% of the stock is owned by institutional investors.

About Heartland Express

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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