Heartland Express, Inc. (HTLD) Expected to Post Q1 2018 Earnings of $0.08 Per Share

Heartland Express, Inc. (NASDAQ:HTLD) – Equities researchers at KeyCorp issued their Q1 2018 earnings estimates for Heartland Express in a research report issued on Monday. KeyCorp analyst T. Fowler expects that the transportation company will post earnings of $0.08 per share for the quarter. KeyCorp also issued estimates for Heartland Express’ Q2 2018 earnings at $0.14 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.20 EPS and FY2019 earnings at $0.90 EPS.

Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The firm had revenue of $165.00 million for the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a return on equity of 8.01% and a net margin of 12.38%. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.

Other analysts have also recently issued reports about the company. TheStreet upgraded Heartland Express from a “c” rating to a “b-” rating in a report on Monday. BidaskClub upgraded Heartland Express from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Tuesday, January 9th. UBS Group upped their target price on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Finally, JPMorgan Chase & Co. reduced their target price on Heartland Express from $24.00 to $22.00 and set an “underweight” rating on the stock in a report on Wednesday. Four analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $24.33.

Shares of Heartland Express (NASDAQ:HTLD) opened at $20.49 on Wednesday. The firm has a market capitalization of $1,676.05, a PE ratio of 22.77, a PEG ratio of 1.78 and a beta of 0.47. Heartland Express has a twelve month low of $18.71 and a twelve month high of $25.22.

Hedge funds have recently made changes to their positions in the stock. Hartford Investment Management Co. bought a new position in shares of Heartland Express during the 3rd quarter worth approximately $211,000. Crossmark Global Holdings Inc. bought a new position in shares of Heartland Express during the 3rd quarter worth approximately $238,000. Ramsey Quantitative Systems bought a new position in shares of Heartland Express during the 4th quarter worth approximately $240,000. ETRADE Capital Management LLC bought a new position in shares of Heartland Express during the 4th quarter worth approximately $244,000. Finally, Wrapmanager Inc. bought a new position in shares of Heartland Express during the 4th quarter worth approximately $248,000. Institutional investors and hedge funds own 59.44% of the company’s stock.

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About Heartland Express

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.

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

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