FY2023 Earnings Estimate for Heartland Express, Inc. (NASDAQ:HTLD) Issued By KeyCorp

Heartland Express, Inc. (NASDAQ:HTLDGet Rating) – Investment analysts at KeyCorp reduced their FY2023 earnings per share (EPS) estimates for Heartland Express in a research note issued on Sunday, May 15th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings of $0.85 per share for the year, down from their prior forecast of $0.95.

A number of other research firms have also recently commented on HTLD. Morgan Stanley upgraded Heartland Express from an “underweight” rating to an “equal weight” rating and set a $16.00 price target on the stock in a research note on Tuesday, March 15th. JPMorgan Chase & Co. decreased their price target on Heartland Express from $16.00 to $15.00 and set a “neutral” rating on the stock 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. Stephens reduced their price objective on Heartland Express from $18.00 to $15.00 in a research note on Friday, April 1st. Finally, Barclays cut Heartland Express from an “equal weight” rating to an “underweight” rating and reduced their price objective for the company from $17.00 to $15.00 in a research note on Wednesday, January 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Heartland Express currently has a consensus rating of “Hold” and a consensus price target of $16.40.

NASDAQ:HTLD opened at $13.76 on Tuesday. The stock’s fifty day moving average is $13.92 and its two-hundred day moving average is $15.26. Heartland Express has a 52 week low of $12.78 and a 52 week high of $18.88. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 13.23 and a beta of 0.51.

Heartland Express (NASDAQ:HTLDGet Rating) last released its quarterly earnings results on Thursday, April 21st. The transportation company reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.02. Heartland Express had a return on equity of 11.27% and a net margin of 13.58%. The company had revenue of $151.70 million for the quarter, compared to analysts’ expectations of $151.73 million. During the same period in the prior year, the firm earned $0.17 earnings per share. The firm’s revenue was down .5% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently made changes to their positions in HTLD. CWM LLC raised its stake 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 buying an additional 1,112 shares in the last quarter. US Bancorp DE raised its stake in Heartland Express by 195.3% in the third quarter. US Bancorp DE now owns 2,469 shares of the transportation company’s stock valued at $40,000 after buying an additional 1,633 shares in the last quarter. Quadrant Capital Group LLC raised its stake 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 buying an additional 2,318 shares in the last quarter. Signaturefd LLC raised its stake in Heartland Express by 135.0% in the first quarter. Signaturefd LLC now owns 3,649 shares of the transportation company’s stock valued at $51,000 after buying an additional 2,096 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake 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 buying an additional 715 shares in the last quarter. Institutional investors and hedge funds own 54.82% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 5th. Stockholders of record on Friday, March 25th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date of this dividend was Thursday, March 24th. Heartland Express’s payout ratio is currently 7.69%.

Heartland Express Company Profile (Get Rating)

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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