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KeyCorp Research Analysts Increase Earnings Estimates for Heartland Express, Inc. (NASDAQ:HTLD)

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Heartland Express, Inc. (NASDAQ:HTLD – Get Rating) – Equities research analysts at KeyCorp upped their FY2023 earnings per share (EPS) 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 post earnings per share of $1.10 for the year, up from their previous estimate of $0.85. The consensus estimate for Heartland Express' current full-year earnings is $0.98 per share.

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Several other research analysts have also recently issued reports on HTLD. Stephens reduced their price objective on Heartland Express from $18.00 to $15.00 in a research note on Friday, April 1st. JPMorgan Chase & Co. reduced their price objective 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. StockNews.com upgraded Heartland Express from a "hold" rating to a "buy" rating in a research note on Wednesday, April 27th. Finally, UBS Group raised their price objective on Heartland Express to $16.00 in a research note on Tuesday.

Heartland Express Stock Performance

Shares of NASDAQ HTLD opened at $15.91 on Thursday. The company has a market cap of $1.26 billion, a PE ratio of 9.09 and a beta of 0.49. The business has a 50-day simple moving average of $14.19 and a two-hundred day simple moving average of $14.27. Heartland Express has a fifty-two week low of $12.78 and a fifty-two week high of $17.88.

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

Heartland Express Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, June 27th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, June 24th. Heartland Express's dividend payout ratio is currently 4.57%.

Institutional Inflows and Outflows

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

Heartland Express Company Profile

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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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