Heartland Express (HTLD) Releases Quarterly Earnings Results
Heartland Express (NASDAQ:HTLD) announced its quarterly earnings results on Monday. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04), Bloomberg Earnings reports. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The business had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. During the same quarter last year, the company earned $0.16 earnings per share. The firm’s revenue was up 17.9% compared to the same quarter last year.
Heartland Express (HTLD) traded down $0.50 during trading hours on Tuesday, hitting $20.12. The company had a trading volume of 1,583,500 shares, compared to its average volume of 514,014. The company has a market capitalization of $1,717.70, a P/E ratio of 33.53, a PEG ratio of 1.82 and a beta of 0.47. Heartland Express has a fifty-two week low of $18.71 and a fifty-two week high of $25.22.
HTLD has been the subject of a number of research reports. Zacks Investment Research downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Monday, October 16th. BidaskClub downgraded Heartland Express from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. UBS Group increased their price objective on Heartland Express from $22.00 to $23.00 and gave the stock a “neutral” rating in a report on Monday, October 30th. Barclays decreased their price objective on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday, November 1st. Finally, TheStreet downgraded Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Heartland Express presently has a consensus rating of “Hold” and a consensus price target of $24.17.
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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