Heartland Express, Inc. (NASDAQ:HTLD) – Equities researchers at KeyCorp dropped their FY2017 EPS estimates for Heartland Express in a note issued to investors on Sunday. KeyCorp analyst T. Fowler now forecasts that the transportation company will post earnings per share of $0.55 for the year, down from their previous estimate of $0.70. KeyCorp also issued estimates for Heartland Express’ Q4 2017 earnings at $0.11 EPS.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings data on Friday, October 27th. The transportation company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.08). The company had revenue of $182.10 million during the quarter, compared to analyst estimates of $205.81 million. Heartland Express had a net margin of 8.54% and a return on equity of 9.50%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.15 EPS.
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A number of other analysts have also issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $24.00 price objective on shares of Heartland Express in a research note on Sunday, September 17th. BidaskClub cut Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. J P Morgan Chase & Co increased their target price on Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a report on Thursday, October 12th. Barclays PLC dropped their target price on Heartland Express from $21.00 to $20.00 and set an “underweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley restated an “underweight” rating on shares of Heartland Express in a report on Tuesday, July 11th. Four research 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. Heartland Express presently has an average rating of “Hold” and an average price target of $23.29.
In other news, EVP John P. Cosaert sold 7,146 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $22.54, for a total transaction of $161,070.84. Following the sale, the executive vice president now directly owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 42.10% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in HTLD. Teachers Advisors LLC boosted its position in shares of Heartland Express by 5.3% during the 1st quarter. Teachers Advisors LLC now owns 81,169 shares of the transportation company’s stock worth $1,627,000 after purchasing an additional 4,066 shares during the period. Schwab Charles Investment Management Inc. lifted its position in shares of Heartland Express by 6.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 286,244 shares of the transportation company’s stock worth $5,740,000 after purchasing an additional 18,000 shares during the last quarter. Cipher Capital LP purchased a new stake in shares of Heartland Express during the 2nd quarter worth $599,000. Dean Capital Management lifted its position in shares of Heartland Express by 137.7% during the 2nd quarter. Dean Capital Management now owns 215,880 shares of the transportation company’s stock worth $4,495,000 after purchasing an additional 125,060 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its position in shares of Heartland Express by 4.5% during the 1st quarter. Thrivent Financial For Lutherans now owns 24,408 shares of the transportation company’s stock worth $489,000 after purchasing an additional 1,060 shares during the last quarter. Institutional investors own 60.13% of the company’s stock.
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.
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