Brokerages predict that Heartland Express, Inc. (NASDAQ:HTLD) will announce $172.90 million in sales for the current quarter, Zacks reports. Five analysts have made estimates for Heartland Express’ earnings, with the lowest sales estimate coming in at $166.78 million and the highest estimate coming in at $182.60 million. Heartland Express posted sales of $147.00 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 17.6%. The firm is scheduled to announce its next earnings results on Tuesday, January 28th.

On average, analysts expect that Heartland Express will report full-year sales of $600.97 million for the current fiscal year, with estimates ranging from $593.06 million to $612.20 million. For the next year, analysts anticipate that the firm will post sales of $689.15 million, with estimates ranging from $624.22 million to $727.40 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Heartland Express.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Wednesday, October 30th. The transportation company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $147.91 million for the quarter, compared to the consensus estimate of $147.02 million. Heartland Express had a return on equity of 12.84% and a net margin of 14.33%. The firm’s quarterly revenue was down 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 EPS.

HTLD has been the subject of a number of research analyst reports. Barclays reiterated a “sell” rating and issued a $18.00 target price on shares of Heartland Express in a research report on Thursday, October 3rd. Morgan Stanley upped their price target on shares of Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a research note on Monday, October 7th. Zacks Investment Research lowered Heartland Express from a “buy” rating to a “strong sell” rating in a report on Tuesday, November 12th. UBS Group lifted their price objective on Heartland Express from $20.00 to $23.00 and gave the company a “neutral” rating in a research report on Friday, October 11th. Finally, BidaskClub upgraded Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, November 12th. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $20.86.

Shares of HTLD opened at $20.96 on Friday. The company has a market capitalization of $1.76 billion, a PE ratio of 23.82 and a beta of 0.76. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50 day moving average price is $21.74 and its 200 day moving average price is $20.19. Heartland Express has a 52 week low of $17.00 and a 52 week high of $22.71.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 10th will be paid a dividend of $0.02 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.08 annualized dividend and a dividend yield of 0.38%. Heartland Express’s dividend payout ratio (DPR) is 9.09%.

In other news, Director Larry J. Gordon sold 44,944 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $22.12, for a total transaction of $994,161.28. Following the transaction, the director now owns 303,159 shares in the company, valued at approximately $6,705,877.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Wrapmanager Inc. grew its stake in Heartland Express by 6.0% in the 2nd quarter. Wrapmanager Inc. now owns 14,194 shares of the transportation company’s stock valued at $256,000 after buying an additional 799 shares during the last quarter. California State Teachers Retirement System boosted its holdings in 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 valued at $1,540,000 after acquiring an additional 855 shares during the period. US Bancorp DE boosted its holdings in Heartland Express by 2.3% during the second quarter. US Bancorp DE now owns 38,444 shares of the transportation company’s stock valued at $695,000 after acquiring an additional 878 shares during the period. Royal Bank of Canada boosted its holdings in Heartland Express by 18.7% during the second quarter. Royal Bank of Canada now owns 6,663 shares of the transportation company’s stock valued at $120,000 after acquiring an additional 1,048 shares during the period. Finally, CWM Advisors LLC grew its position in shares of Heartland Express by 16.6% in the second quarter. CWM Advisors LLC now owns 11,738 shares of the transportation company’s stock valued at $212,000 after purchasing an additional 1,667 shares during the last quarter. 55.23% of the stock is currently owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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