Does Earnings Surprise History Hold Any Clue for Heartland Express (NASDAQ:HTLD)

Earnings results for Heartland Express (NASDAQ:HTLD)

Heartland Express, Inc. is estimated to report earnings on 10/15/2021. The upcoming earnings date is derived from an algorithm based on a company’s historical reporting dates. Our vendor, Zacks Investment Research, might revise this date in the future, once the company announces the actual earnings date. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.3. The reported EPS for the same quarter last year was $0.25.

Heartland Express last posted its earnings results on July 18th, 2021. The transportation company reported $0.26 EPS for the quarter, hitting analysts’ consensus estimates of $0.26. The business earned $154.10 million during the quarter, compared to the consensus estimate of $165.27 million. Its revenue for the quarter was down 4.2% on a year-over-year basis. Heartland Express has generated $0.87 earnings per share over the last year ($0.90 diluted earnings per share) and currently has a price-to-earnings ratio of 18.1. Earnings for Heartland Express are expected to remain at $0.99 per share in the coming year. Heartland Express has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Friday, October 15th, 2021 based off prior year’s report dates.

Analyst Opinion on Heartland Express (NASDAQ:HTLD)

According to the issued ratings of 5 analysts in the last year, the consensus rating for Heartland Express stock is Buy based on the current 2 hold ratings and 3 buy ratings for HTLD. The average twelve-month price target for Heartland Express is $21.80 with a high price target of $25.00 and a low price target of $20.00.
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on HTLD’s analyst rating history

Heartland Express has received a consensus rating of Buy. The company’s average rating score is 2.60, and is based on 3 buy ratings, 2 hold ratings, and no sell ratings. According to analysts’ consensus price target of $21.80, Heartland Express has a forecasted upside of 33.8% from its current price of $16.29. Heartland Express has received no research coverage in the past 90 days.

Dividend Strength: Heartland Express (NASDAQ:HTLD)

Heartland Express has a dividend yield of 0.50%, which is in the bottom 25% of all stocks that pay dividends. Heartland Express has only been increasing its dividend for 1 years. The dividend payout ratio of Heartland Express is 9.20%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Heartland Express will have a dividend payout ratio of 8.08% next year. This indicates that Heartland Express will be able to sustain or increase its dividend.

Insiders buying/selling: Heartland Express (NASDAQ:HTLD)

In the past three months, Heartland Express insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $16,930.00 in company stock and sold $0.00 in company stock. 39.10% of the stock of Heartland Express is held by insiders. A high percentage of insider ownership can be a sign of company health. 56.07% of the stock of Heartland Express is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Heartland Express (NASDAQ:HTLD

Earnings for Heartland Express are expected to remain at $0.99 per share in the coming year. The P/E ratio of Heartland Express is 18.10, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.74. The P/E ratio of Heartland Express is 18.10, which means that it is trading at a less expensive P/E ratio than the Transportation sector average P/E ratio of about 44.22. Heartland Express has a P/B Ratio of 1.82. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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