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Heartland Express, Inc. to Post Q3 2022 Earnings of $0.30 Per Share, KeyCorp Forecasts (NASDAQ:HTLD)

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Heartland Express, Inc. (NASDAQ:HTLD – Get Rating) – Investment analysts at KeyCorp increased their Q3 2022 earnings per share estimates for Heartland Express in a research report issued to clients and investors on Monday, July 25th. KeyCorp analyst T. Fowler now forecasts that the transportation company will earn $0.30 per share for the quarter, up from their prior forecast of $0.25. The consensus estimate for Heartland Express' current full-year earnings is $0.98 per share. KeyCorp also issued estimates for Heartland Express' Q4 2022 earnings at $0.30 EPS.

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HTLD has been the topic of several other research reports. UBS Group increased their target price on Heartland Express to $16.00 in a research report on Tuesday. StockNews.com upgraded Heartland Express from a "hold" rating to a "buy" rating in a report on Wednesday, April 27th. Stephens reduced their target price on Heartland Express from $18.00 to $15.00 in a research note on Friday, April 1st. Finally, JPMorgan Chase & Co. reduced their target price on Heartland Express from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Friday, April 8th.

Heartland Express Trading Up 0.8 %

Shares of NASDAQ HTLD opened at $15.43 on Wednesday. The stock has a market capitalization of $1.22 billion, a PE ratio of 8.82 and a beta of 0.49. The stock's fifty day simple moving average is $14.14 and its two-hundred day simple moving average is $14.28. Heartland Express has a 12-month low of $12.78 and a 12-month high of $17.88.

Heartland Express (NASDAQ:HTLD – Get Rating) last announced its quarterly earnings data on Monday, July 25th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.72. Heartland Express had a return on equity of 19.07% and a net margin of 21.64%. The company had revenue of $187.20 million for the quarter, compared to analysts' expectations of $164.27 million. During the same quarter in the prior year, the firm earned $0.26 earnings per share. Heartland Express's revenue was up 21.5% compared to the same quarter last year.

Institutional Investors Weigh In On Heartland Express

Several institutional investors have recently bought and sold shares of HTLD. CWM LLC lifted its stake in Heartland Express by 148.9% in the 1st quarter. CWM LLC now owns 1,859 shares of the transportation company's stock worth $26,000 after purchasing an additional 1,112 shares in the last quarter. Quadrant Capital Group LLC raised its position in Heartland Express by 353.9% in the first quarter. Quadrant Capital Group LLC now owns 2,973 shares of the transportation company's stock valued at $42,000 after purchasing an additional 2,318 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Heartland Express by 28.1% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,256 shares of the transportation company's stock valued at $55,000 after purchasing an additional 715 shares during the period. KBC Group NV acquired a new position in shares of Heartland Express in the second quarter worth $46,000. Finally, Signaturefd LLC grew its stake in shares of Heartland Express by 135.0% in the first quarter. Signaturefd LLC now owns 3,649 shares of the transportation company's stock worth $51,000 after acquiring an additional 2,096 shares in the last quarter. 54.82% of the stock is currently owned by institutional investors and hedge funds.

Heartland Express Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 7th. Stockholders of record on Monday, June 27th were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, June 24th. Heartland Express's dividend payout ratio (DPR) is presently 4.57%.

About Heartland Express

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Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It 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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