Equities research analysts expect that Heartland Express, Inc. (NASDAQ:HTLD) will post sales of $163.79 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Heartland Express’ earnings, with the highest sales estimate coming in at $165.40 million and the lowest estimate coming in at $162.00 million. Heartland Express posted sales of $139.54 million during the same quarter last year, which would indicate a positive year over year growth rate of 17.4%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 16th.
On average, 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 financial year, analysts forecast that the business 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 a mean average based on a survey of sell-side research analysts that follow Heartland Express.
Heartland Express (NASDAQ:HTLD) last posted its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.07). Heartland Express had a return on equity of 11.04% and a net margin of 12.23%. The business had revenue of $167.20 million for the quarter, compared to the consensus estimate of $170.47 million. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was up 13.7% on a year-over-year basis.
Shares of NASDAQ:HTLD traded up $0.54 during trading on Monday, reaching $18.20. 408,074 shares of the stock were exchanged, compared to its average volume of 332,144. Heartland Express has a 12 month low of $15.65 and a 12 month high of $22.71. The firm has a market cap of $1.47 billion, a PE ratio of 20.45 and a beta of 0.76. The stock has a 50-day moving average price of $18.43 and a 200-day moving average price of $20.46.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Friday, March 20th will be issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date of this dividend is Thursday, March 19th. Heartland Express’s dividend payout ratio is presently 8.99%.
In other Heartland Express news, Director Michael John Sullivan purchased 2,000 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $19.48 per share, for a total transaction of $38,960.00. Following the completion of the transaction, the director now owns 8,402 shares in the company, valued at $163,670.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. bought a new position in Heartland Express in the 3rd quarter worth approximately $79,000. Lionsbridge Wealth Management LLC purchased a new stake in shares of Heartland Express during the 4th quarter valued at $94,000. Point72 Asset Management L.P. purchased a new stake in shares of Heartland Express during the 3rd quarter valued at $136,000. Bank of Montreal Can raised its position in shares of Heartland Express by 7.8% during the 4th quarter. Bank of Montreal Can now owns 8,118 shares of the transportation company’s stock valued at $171,000 after buying an additional 585 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of Heartland Express by 326.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 8,896 shares of the transportation company’s stock valued at $187,000 after buying an additional 6,811 shares in the last quarter. Institutional investors own 55.57% of the company’s stock.
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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