Brokerages expect that Heartland Express, Inc. (NASDAQ:HTLD) will post earnings of $0.26 per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Heartland Express’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. Heartland Express posted earnings per share of $0.27 during the same quarter last year, which would suggest a negative year over year growth rate of 3.7%. The business is expected to announce its next earnings results 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 year, analysts forecast that the company will post earnings of $0.99 per share, with EPS estimates ranging from $0.80 to $1.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for Heartland Express.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Wednesday, October 30th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. Heartland Express had a net margin of 14.33% and a return on equity of 12.84%. The company had revenue of $147.91 million during the quarter, compared to analysts’ expectations of $147.02 million. During the same quarter in the prior year, the company posted $0.23 EPS. The business’s revenue was down 2.2% on a year-over-year basis.
In other news, Director Larry J. Gordon sold 44,944 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.12, for a total transaction of $994,161.28. Following the completion of the sale, the director now owns 303,159 shares in the company, valued at $6,705,877.08. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 42.80% of the stock is currently owned by company insiders.
A number of institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. bought a new stake in shares of Heartland Express during the 2nd quarter valued at $106,000. California Public Employees Retirement System increased its holdings in Heartland Express by 17.5% in the third quarter. California Public Employees Retirement System now owns 131,345 shares of the transportation company’s stock valued at $2,825,000 after purchasing an additional 19,600 shares during the last quarter. SG Americas Securities LLC lifted its stake in Heartland Express by 695.4% in the third quarter. SG Americas Securities LLC now owns 101,791 shares of the transportation company’s stock valued at $2,190,000 after buying an additional 88,993 shares during the period. Morgan Stanley lifted its stake in Heartland Express by 123.2% in the second quarter. Morgan Stanley now owns 233,010 shares of the transportation company’s stock valued at $4,211,000 after buying an additional 128,607 shares during the period. Finally, Chicago Equity Partners LLC acquired a new position in Heartland Express in the third quarter valued at about $394,000. Institutional investors and hedge funds own 55.23% of the company’s stock.
Shares of HTLD opened at $20.96 on Thursday. The company has a market capitalization of $1.76 billion, a P/E ratio of 23.82 and a beta of 0.76. Heartland Express has a one year low of $17.00 and a one year high of $22.71. The business’s 50 day simple moving average is $21.74 and its 200-day simple moving average is $20.19. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.29 and a quick ratio of 2.29.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 10th will be given a $0.02 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.08 dividend on an annualized basis and a yield of 0.38%. Heartland Express’s payout ratio is 9.09%.
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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