Heartland Express, Inc. (NASDAQ:HTLD) will post its quarterly earnings results before the market opens on Wednesday, October 18th. Analysts expect Heartland Express to post earnings of $0.16 per share for the quarter.
Heartland Express (NASDAQ:HTLD) last posted its earnings results on Wednesday, August 2nd. The transportation company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). The company had revenue of $129.62 million for the quarter, compared to analysts’ expectations of $139.89 million. Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The firm’s quarterly revenue was down 19.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.20 EPS. On average, analysts expect Heartland Express to post $0.69 EPS for the current fiscal year and $0.87 EPS for the next fiscal year.
Heartland Express, Inc. (HTLD) opened at 23.70 on Wednesday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 36.46 and a beta of 0.54. The firm’s 50-day moving average price is $22.79 and its 200-day moving average price is $20.99. Heartland Express, Inc. has a 12-month low of $17.06 and a 12-month high of $25.22.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Friday, September 22nd were given a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date of this dividend was Thursday, September 21st. Heartland Express’s payout ratio is 12.12%.
In related news, EVP John P. Cosaert sold 7,146 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $22.54, for a total transaction of $161,070.84. Following the completion of the sale, the executive vice president now owns 57,668 shares in the company, valued at $1,299,836.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.10% of the company’s stock.
A number of analysts have commented on the company. Stifel Nicolaus restated a “hold” rating and issued a $23.00 price target (up previously from $19.00) on shares of Heartland Express in a research report on Monday, July 10th. UBS AG upgraded Heartland Express from a “sell” rating to a “neutral” rating and increased their target price for the stock from $20.00 to $22.00 in a research report on Monday, July 10th. BidaskClub upgraded Heartland Express from a “buy” rating to a “strong-buy” rating in a research report on Saturday, July 1st. Robert W. Baird reiterated a “hold” rating and set a $26.00 target price on shares of Heartland Express in a research report on Friday, October 6th. Finally, Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. Heartland Express currently has an average rating of “Hold” and a consensus target price of $24.20.
Heartland Express Company Profile
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
Receive News & Ratings for Heartland Express Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express Inc. and related companies with MarketBeat.com's FREE daily email newsletter.