Heartland Express, Inc. (NASDAQ:HTLD) issued its earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.08), MarketWatch Earnings reports. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The firm had revenue of $182.10 million during the quarter, compared to the consensus estimate of $205.81 million. During the same period last year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year.
Shares of Heartland Express (HTLD) opened at $21.22 on Monday. The firm has a market capitalization of $1,767.69, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 2.61 and a beta of 0.54. Heartland Express has a twelve month low of $18.71 and a twelve month high of $25.22.
HTLD has been the subject of several recent analyst reports. BidaskClub lowered Heartland Express from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Heartland Express from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Friday, July 21st. TheStreet upgraded Heartland Express from a “c+” rating to a “b” rating in a report on Thursday, September 7th. Robert W. Baird reiterated a “hold” rating and issued a $24.00 price target on shares of Heartland Express in a report on Sunday, September 17th. Finally, Stifel Nicolaus upgraded Heartland Express from a “hold” rating to a “buy” rating and boosted their price target for the company from $22.00 to $28.00 in a report on Friday, September 29th. Four equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $24.17.
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In related news, EVP John P. Cosaert sold 7,146 shares of the company’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the transaction, 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 legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 42.10% 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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