Analysts forecast that Heartland Express, Inc. (NASDAQ:HTLD) will post $141.76 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Heartland Express’ earnings. The lowest sales estimate is $139.70 million and the highest is $144.00 million. Heartland Express reported sales of $151.28 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results on Wednesday, October 16th.

On average, analysts expect that Heartland Express will report full year sales of $561.98 million for the current financial year, with estimates ranging from $546.78 million to $567.00 million. For the next fiscal year, analysts forecast that the company will post sales of $560.77 million, with estimates ranging from $538.70 million to $572.40 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Heartland Express.

Heartland Express (NASDAQ:HTLD) last posted its earnings results on Thursday, July 18th. The transportation company reported $0.27 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $142.14 million during the quarter, compared to the consensus estimate of $144.93 million. Heartland Express had a net margin of 14.00% and a return on equity of 13.01%. The firm’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm posted $0.22 EPS.

A number of brokerages recently issued reports on HTLD. BidaskClub upgraded shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, July 23rd. Zacks Investment Research raised shares of Heartland Express from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 23rd. Stephens initiated coverage on shares of Heartland Express in a report on Monday, July 1st. They set a “hold” rating for the company. Finally, Robert W. Baird set a $21.00 price target on shares of Heartland Express and gave the company a “hold” rating in a report on Friday, July 19th. Six research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $20.50.

Shares of NASDAQ:HTLD traded down $0.17 during midday trading on Thursday, reaching $19.24. The company had a trading volume of 179,800 shares, compared to its average volume of 395,648. The stock’s fifty day moving average price is $19.12 and its 200-day moving average price is $19.43. The stock has a market capitalization of $1.59 billion, a P/E ratio of 21.86 and a beta of 0.79. Heartland Express has a one year low of $17.00 and a one year high of $21.51.

Institutional investors have recently modified their holdings of the business. Nuveen Asset Management LLC bought a new stake in shares of Heartland Express during the second quarter worth $10,660,000. Citadel Advisors LLC grew its holdings in shares of Heartland Express by 137.5% during the second quarter. Citadel Advisors LLC now owns 157,454 shares of the transportation company’s stock worth $2,845,000 after purchasing an additional 91,164 shares during the last quarter. D. E. Shaw & Co. Inc. grew its holdings in shares of Heartland Express by 26.5% during the second quarter. D. E. Shaw & Co. Inc. now owns 205,305 shares of the transportation company’s stock worth $3,710,000 after purchasing an additional 42,976 shares during the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Heartland Express by 172.9% during the second quarter. Cubist Systematic Strategies LLC now owns 57,606 shares of the transportation company’s stock worth $1,041,000 after purchasing an additional 36,495 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Heartland Express during the second quarter worth $3,748,000. Hedge funds and other institutional investors own 55.50% of the company’s stock.

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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Earnings History and Estimates for Heartland Express (NASDAQ:HTLD)

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