BidaskClub upgraded shares of Heartland Express (NASDAQ:HTLD) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning.
Several other equities analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Heartland Express from a sell rating to a hold rating in a research note on Tuesday, January 9th. Morgan Stanley upped their target price on shares of Heartland Express from $15.00 to $16.00 and gave the company an underweight rating in a research note on Tuesday, February 20th. TheStreet upgraded shares of Heartland Express from a c rating to a b- rating in a research note on Monday, February 12th. JPMorgan Chase & Co. cut their target price on shares of Heartland Express from $24.00 to $22.00 and set an underweight rating for the company in a research note on Wednesday, February 14th. Finally, Seaport Global Securities reiterated a neutral rating on shares of Heartland Express in a research note on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $23.14.
Heartland Express (NASDAQ:HTLD) opened at $18.78 on Tuesday. The company has a market cap of $1,653.75, a price-to-earnings ratio of 20.87, a P/E/G ratio of 1.81 and a beta of 0.60. Heartland Express has a one year low of $18.71 and a one year high of $25.22.
Heartland Express (NASDAQ:HTLD) last released its earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). The company had revenue of $165.00 million for the quarter, compared to analyst estimates of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. Heartland Express’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.16 earnings per share. equities research analysts expect that Heartland Express will post 0.73 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Friday, March 23rd will be paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date is Thursday, March 22nd. Heartland Express’s dividend payout ratio is 8.89%.
Hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems acquired a new position in shares of Heartland Express in the 4th quarter valued at $240,000. Hartford Investment Management Co. acquired a new position in shares of Heartland Express in the 3rd quarter valued at $211,000. Crossmark Global Holdings Inc. acquired a new position in shares of Heartland Express in the 3rd quarter valued at $238,000. ETRADE Capital Management LLC acquired a new position in shares of Heartland Express in the 4th quarter valued at $244,000. Finally, Wrapmanager Inc. acquired a new position in shares of Heartland Express in the 4th quarter valued at $248,000. Institutional investors own 61.56% 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.
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