Wall Street analysts expect that Heartland Express, Inc. (NASDAQ:HTLD) will report $0.14 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Heartland Express’ earnings, with the highest EPS estimate coming in at $0.17 and the lowest estimate coming in at $0.10. Heartland Express reported earnings of $0.27 per share in the same quarter last year, which would indicate a negative year over year growth rate of 48.1%. The firm is scheduled to issue its next earnings results on Thursday, July 16th.
On average, analysts expect that Heartland Express will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.59 to $0.75. For the next fiscal year, analysts expect that the business will report earnings of $0.85 per share, with EPS estimates ranging from $0.80 to $0.98. Zacks’ EPS averages are an average based on a survey of analysts that follow Heartland Express.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Tuesday, April 21st. The transportation company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.03. Heartland Express had a return on equity of 10.22% and a net margin of 11.05%. The company had revenue of $166.30 million for the quarter, compared to analysts’ expectations of $164.93 million. During the same quarter in the prior year, the firm earned $0.21 earnings per share. Heartland Express’s revenue was up 19.2% compared to the same quarter last year.
Several institutional investors have recently made changes to their positions in HTLD. UBS Group AG boosted its holdings in shares of Heartland Express by 2,763.4% in the 4th quarter. UBS Group AG now owns 1,077,587 shares of the transportation company’s stock valued at $22,683,000 after purchasing an additional 1,039,954 shares during the last quarter. Norges Bank bought a new stake in shares of Heartland Express in the 4th quarter worth about $11,338,000. Wellington Management Group LLP bought a new stake in shares of Heartland Express in the 1st quarter worth about $8,288,000. ArrowMark Colorado Holdings LLC grew its holdings in shares of Heartland Express by 6.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 5,800,288 shares of the transportation company’s stock worth $122,096,000 after purchasing an additional 328,587 shares during the last quarter. Finally, Scopus Asset Management L.P. bought a new stake in shares of Heartland Express in the 1st quarter worth about $3,480,000. Hedge funds and other institutional investors own 53.35% of the company’s stock.
Shares of NASDAQ HTLD opened at $20.67 on Tuesday. The stock has a market capitalization of $1.71 billion, a PE ratio of 24.61 and a beta of 0.56. The stock’s fifty day simple moving average is $20.83 and its two-hundred day simple moving average is $19.71. Heartland Express has a 12-month low of $15.65 and a 12-month high of $22.71.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Friday, June 19th were paid a $0.02 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.08 annualized dividend and a dividend yield of 0.39%. Heartland Express’s dividend payout ratio is presently 8.99%.
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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