Heartland Express, Inc. (NASDAQ:HTLD) – Seaport Global Securities dropped their Q1 2019 earnings per share estimates for shares of Heartland Express in a research report issued to clients and investors on Friday, March 29th, Zacks Investment Research reports. Seaport Global Securities analyst K. Sterling now forecasts that the transportation company will post earnings per share of $0.19 for the quarter, down from their previous estimate of $0.21. Seaport Global Securities also issued estimates for Heartland Express’ Q2 2019 earnings at $0.24 EPS and FY2019 earnings at $0.93 EPS.
Heartland Express (NASDAQ:HTLD) last issued its earnings results on Tuesday, January 22nd. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. The business had revenue of $147.00 million during the quarter, compared to the consensus estimate of $152.69 million. Heartland Express had a return on equity of 12.23% and a net margin of 11.90%. The company’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same period last year, the company earned $0.07 EPS.
Shares of NASDAQ:HTLD traded down $0.20 during midday trading on Monday, reaching $19.31. 169,476 shares of the company’s stock were exchanged, compared to its average volume of 367,551. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.94, a PEG ratio of 1.41 and a beta of 0.75. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $21.66.
The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 22nd were issued a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, March 21st. Heartland Express’s dividend payout ratio (DPR) is 9.09%.
In related news, VP Kent Daryl Rigdon sold 1,538 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $20.09, for a total transaction of $30,898.42. Following the completion of the transaction, the vice president now directly owns 1,128 shares in the company, valued at approximately $22,661.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.10% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its holdings in Heartland Express by 1.0% during the 4th quarter. BlackRock Inc. now owns 6,921,900 shares of the transportation company’s stock valued at $126,671,000 after acquiring an additional 69,439 shares during the period. Vanguard Group Inc. boosted its stake in shares of Heartland Express by 2.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,661,673 shares of the transportation company’s stock valued at $91,974,000 after buying an additional 90,795 shares during the period. Vanguard Group Inc boosted its stake in shares of Heartland Express by 2.0% in the 3rd quarter. Vanguard Group Inc now owns 4,661,673 shares of the transportation company’s stock valued at $91,974,000 after buying an additional 90,795 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Heartland Express by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,019,252 shares of the transportation company’s stock valued at $55,252,000 after buying an additional 77,503 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Heartland Express by 103.2% in the 3rd quarter. Franklin Resources Inc. now owns 1,976,000 shares of the transportation company’s stock valued at $38,986,000 after buying an additional 1,003,493 shares during the period. Institutional investors own 60.08% of the company’s stock.
Heartland Express Company Profile
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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