Equities research analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will report $163.79 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Heartland Express’ earnings, with the lowest sales estimate coming in at $162.00 million and the highest estimate coming in at $165.40 million. Heartland Express reported sales of $139.54 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.4%. The company is scheduled to report its next quarterly earnings report on Thursday, April 16th.
According to Zacks, analysts expect that Heartland Express will report full year sales of $678.75 million for the current financial year, with estimates ranging from $659.61 million to $709.32 million. For the next year, analysts forecast that the company will post sales of $699.07 million, with estimates ranging from $684.70 million to $740.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Heartland Express.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Thursday, January 23rd. The transportation company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.23 by ($0.07). Heartland Express had a return on equity of 11.04% and a net margin of 12.23%. The company had revenue of $167.20 million for the quarter, compared to analyst estimates of $170.47 million. During the same period in the prior year, the firm posted $0.27 earnings per share. The business’s quarterly revenue was up 13.7% compared to the same quarter last year.
In other Heartland Express news, Director Michael John Sullivan purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, February 5th. The stock was purchased at an average cost of $19.48 per share, with a total value of $38,960.00. Following the completion of the acquisition, the director now directly owns 8,402 shares of the company’s stock, valued at approximately $163,670.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.80% of the company’s stock.
Several hedge funds have recently bought and sold shares of the company. Bank of Montreal Can boosted its holdings in shares of Heartland Express by 7.8% in the fourth quarter. Bank of Montreal Can now owns 8,118 shares of the transportation company’s stock valued at $171,000 after acquiring an additional 585 shares during the period. California State Teachers Retirement System raised its stake in shares of Heartland Express by 1.2% during the third quarter. California State Teachers Retirement System now owns 71,574 shares of the transportation company’s stock worth $1,540,000 after purchasing an additional 855 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Heartland Express by 5.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 18,221 shares of the transportation company’s stock worth $384,000 after purchasing an additional 1,006 shares during the last quarter. M&T Bank Corp raised its stake in shares of Heartland Express by 6.7% during the fourth quarter. M&T Bank Corp now owns 16,916 shares of the transportation company’s stock worth $356,000 after purchasing an additional 1,063 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Heartland Express by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 439,156 shares of the transportation company’s stock worth $9,245,000 after purchasing an additional 1,452 shares during the last quarter. 55.57% of the stock is owned by institutional investors and hedge funds.
Shares of Heartland Express stock traded up $0.54 on Monday, reaching $18.20. 408,074 shares of the company were exchanged, compared to its average volume of 332,144. Heartland Express has a 1-year low of $15.65 and a 1-year high of $22.71. The company has a market cap of $1.47 billion, a P/E ratio of 20.45 and a beta of 0.76. The stock’s 50 day moving average price is $18.43 and its 200-day moving average price is $20.46.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 20th will be issued a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date is Thursday, March 19th. Heartland Express’s dividend payout ratio (DPR) is 8.99%.
Heartland Express Company Profile
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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