Heartland Express (NASDAQ:HTLD) announced its earnings results on Monday. The transportation company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22, Briefing.com reports. The business had revenue of $155.80 million for the quarter, compared to analyst estimates of $162.43 million. Heartland Express had a return on equity of 9.44% and a net margin of 10.04%. The company’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 EPS.
Shares of HTLD traded down $0.15 during midday trading on Wednesday, reaching $19.10. The stock had a trading volume of 6,790 shares, compared to its average volume of 562,325. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 23.76 and a beta of 0.54. Heartland Express has a 12-month low of $15.65 and a 12-month high of $22.75. The company’s 50-day moving average is $18.54 and its 200 day moving average is $19.51.
HTLD has been the topic of a number of research analyst reports. Morgan Stanley upped their target price on Heartland Express from $17.00 to $18.00 and gave the stock an “underweight” rating in a research note on Monday, October 5th. JPMorgan Chase & Co. upgraded Heartland Express from an “underweight” rating to a “neutral” rating and set a $20.00 target price on the stock in a research note on Friday, October 9th. They noted that the move was a valuation call. Barclays upgraded Heartland Express from an “underweight” rating to an “equal weight” rating and set a $20.00 target price on the stock in a research note on Friday, October 16th. Zacks Investment Research lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Tuesday, December 22nd. Finally, TheStreet cut Heartland Express from a “b” rating to a “c+” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.33.
In related news, Director James G. Pratt bought 10,000 shares of the company’s stock in a transaction that occurred on Monday, October 26th. The stock was bought at an average cost of $18.81 per share, for a total transaction of $188,100.00. Following the acquisition, the director now directly owns 13,000 shares of the company’s stock, valued at approximately $244,530. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 43.00% 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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