$0.27 Earnings Per Share Expected for Heartland Express, Inc. (NASDAQ:HTLD) This Quarter

Equities research analysts expect that Heartland Express, Inc. (NASDAQ:HTLD) will report earnings per share of $0.27 for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Heartland Express’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.25. Heartland Express reported earnings of $0.24 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next quarterly earnings report on Thursday, July 15th.

According to Zacks, analysts expect that Heartland Express will report full year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.90 to $1.01. For the next financial year, analysts forecast that the company will report earnings of $1.06 per share, with EPS estimates ranging from $1.00 to $1.12. Zacks’ earnings per share calculations 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 issued its quarterly earnings results on Tuesday, April 20th. The transportation company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Heartland Express had a return on equity of 9.93% and a net margin of 11.29%. The business had revenue of $152.40 million during the quarter, compared to analyst estimates of $163.45 million.

Several equities research analysts have commented on HTLD shares. Robert W. Baird reaffirmed a “neutral” rating and issued a $21.00 price target (down from $22.00) on shares of Heartland Express in a report on Monday, May 17th. TheStreet upgraded Heartland Express from a “c+” rating to a “b-” rating in a research note on Wednesday, April 21st. Finally, Zacks Investment Research raised shares of Heartland Express from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.43.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Heartland Express by 1.6% in the 4th quarter. BlackRock Inc. now owns 8,088,711 shares of the transportation company’s stock valued at $146,407,000 after purchasing an additional 128,982 shares during the last quarter. GW&K Investment Management LLC increased its stake in Heartland Express by 0.3% during the first quarter. GW&K Investment Management LLC now owns 1,213,142 shares of the transportation company’s stock worth $23,753,000 after acquiring an additional 4,006 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Heartland Express in the 1st quarter valued at $20,884,000. Morgan Stanley increased its position in shares of Heartland Express by 6.9% during the 1st quarter. Morgan Stanley now owns 1,043,210 shares of the transportation company’s stock worth $20,426,000 after purchasing an additional 67,075 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Heartland Express by 7.7% in the first quarter. Geode Capital Management LLC now owns 825,565 shares of the transportation company’s stock valued at $16,164,000 after buying an additional 59,224 shares during the last quarter. Hedge funds and other institutional investors own 57.61% of the company’s stock.

Heartland Express stock traded up $0.09 during mid-day trading on Friday, reaching $17.76. 639 shares of the company traded hands, compared to its average volume of 384,811. The company has a fifty day moving average price of $18.77. The firm has a market capitalization of $1.42 billion, a P/E ratio of 20.18 and a beta of 0.56. Heartland Express has a fifty-two week low of $17.48 and a fifty-two week high of $22.75.

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. It 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.

Featured Article: Why do commodities matter?

Get a free copy of the Zacks research report on Heartland Express (HTLD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Heartland Express Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Heartland Express and related companies with MarketBeat.com's FREE daily email newsletter.