Zacks: Analysts Anticipate Heartland Express, Inc. (NASDAQ:HTLD) to Announce $0.14 Earnings Per Share

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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 analysts have issued reports on HTLD shares. BidaskClub cut Heartland Express from a “hold” rating to a “sell” rating in a research report on Thursday, June 11th. KeyCorp raised their target price on Heartland Express from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 27th. Zacks Investment Research lowered Heartland Express from a “buy” rating to a “hold” rating in a research note on Thursday, July 9th. Barclays reduced their price objective on Heartland Express from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Friday, April 17th. Finally, Robert W. Baird upgraded Heartland Express from a “neutral” rating to an “outperform” rating and set a $22.00 price objective for the company in a research note on Tuesday, March 17th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $21.43.

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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