Brokerages forecast that Heartland Express, Inc. (NASDAQ:HTLD) will post $148.97 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 $140.00 million and the highest estimate coming in at $164.63 million. Heartland Express posted sales of $156.70 million in the same quarter last year, which suggests a negative year-over-year growth rate of 4.9%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Heartland Express will report full year sales of $600.48 million for the current financial year, with estimates ranging from $562.24 million to $661.34 million. For the next fiscal year, analysts anticipate that the company will report sales of $617.15 million, with estimates ranging from $565.73 million to $694.24 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Heartland Express.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Tuesday, January 22nd. The transportation company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $152.69 million. Heartland Express had a return on equity of 12.23% and a net margin of 11.90%. The firm’s quarterly revenue was down 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.07 earnings per share.
In related news, VP Kent Daryl Rigdon sold 1,538 shares of Heartland Express stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $20.09, for a total value of $30,898.42. Following the completion of the sale, the vice president now directly owns 1,128 shares in the company, valued at $22,661.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.10% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Resources Investment Advisors Inc. acquired a new stake in Heartland Express during the 4th quarter worth $29,000. Liberty Wealth Management LLC acquired a new position in shares of Heartland Express during the 4th quarter worth approximately $36,000. PNC Financial Services Group Inc. raised its stake in shares of Heartland Express by 60.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,105 shares of the transportation company’s stock worth $38,000 after buying an additional 790 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Heartland Express during the 4th quarter worth approximately $46,000. Finally, Quantamental Technologies LLC purchased a new stake in shares of Heartland Express during the fourth quarter worth approximately $105,000. Institutional investors own 60.08% of the company’s stock.
HTLD stock opened at $19.31 on Tuesday. The stock has a market capitalization of $1.60 billion, a P/E ratio of 21.94, a PEG ratio of 1.41 and a beta of 0.75. Heartland Express has a 1-year low of $17.00 and a 1-year high of $21.66.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 22nd were issued a $0.02 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.08 annualized dividend and a dividend yield of 0.41%. Heartland Express’s payout ratio is currently 9.09%.
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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