Analysts expect that Heartland Express, Inc. (NASDAQ:HTLD) will report $185.72 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Heartland Express’ earnings, with the highest sales estimate coming in at $245.55 million and the lowest estimate coming in at $162.60 million. Heartland Express reported sales of $129.90 million in the same quarter last year, which indicates a positive year over year growth rate of 43%. The company is scheduled to announce its next earnings report on Friday, April 20th.
On average, analysts expect that Heartland Express will report full-year sales of $185.72 million for the current financial year, with estimates ranging from $676.20 million to $875.17 million. For the next year, analysts expect that the firm will post sales of $763.32 million per share, with estimates ranging from $697.92 million to $943.38 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Heartland Express.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The company had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. During the same period in the prior year, the firm posted $0.16 EPS. The business’s revenue was up 17.9% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of the stock. American Century Companies Inc. increased its holdings in Heartland Express by 1.6% during the fourth quarter. American Century Companies Inc. now owns 8,096,511 shares of the transportation company’s stock valued at $188,973,000 after buying an additional 128,030 shares during the period. ArrowMark Colorado Holdings LLC increased its holdings in Heartland Express by 12.0% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 7,016,174 shares of the transportation company’s stock valued at $163,758,000 after buying an additional 749,703 shares during the period. Dimensional Fund Advisors LP increased its holdings in Heartland Express by 1.8% during the third quarter. Dimensional Fund Advisors LP now owns 2,538,181 shares of the transportation company’s stock valued at $63,652,000 after buying an additional 45,022 shares during the period. Standard Life Aberdeen plc grew its holdings in Heartland Express by 15.9% in the fourth quarter. Standard Life Aberdeen plc now owns 2,297,155 shares of the transportation company’s stock worth $53,616,000 after purchasing an additional 315,143 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Heartland Express by 3.5% in the fourth quarter. Bank of New York Mellon Corp now owns 758,449 shares of the transportation company’s stock worth $17,703,000 after purchasing an additional 25,567 shares during the last quarter. 61.56% of the stock is currently owned by institutional investors.
Shares of Heartland Express (NASDAQ HTLD) opened at $19.75 on Tuesday. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22. The firm has a market cap of $1,642.92, a P/E ratio of 21.94, a PEG ratio of 1.79 and a beta of 0.60.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Friday, March 23rd will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date is Thursday, March 22nd. Heartland Express’s payout ratio is 8.89%.
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About Heartland Express
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.
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