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After finishing at $10.36 in the prior trading day, Heartland Express, Inc. (NASDAQ: HTLD) closed at $9.96, down -3.86%. In other words, the price has decreased by -$3.86 from its previous closing price. On the day, 1.44 million shares were traded. HTLD stock price reached its highest trading level at $10.45 during the session, while it also had its lowest trading level at $9.84.
Ratios:
Our goal is to gain a better understanding of HTLD by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.37 and its Current Ratio is at 1.26. In the meantime, Its Debt-to-Equity ratio is 0.33 whereas as Long-Term Debt/Eq ratio is at 0.31.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, UBS on November 11, 2022, Upgraded its rating to Buy and sets its target price to $18 from $17 previously.
On March 15, 2022, Morgan Stanley Upgraded its rating to Equal-Weight which previously was Underweight but kept the price unchanged to $16.
JP Morgan Downgraded its Overweight to Neutral on February 18, 2022, whereas the target price for the stock was revised from $18 to $16.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 22 ’24 when Ann S. Gerdin Revocable Trust bought 14,933 shares for $12.39 per share. The transaction valued at 185,024 led to the insider holds 159,865 shares of the business.
GERDIN MICHAEL J bought 18,034 shares of HTLD for $247,017 on Dec 12 ’23. The Chief Executive Officer now owns 57,709 shares after completing the transaction at $13.70 per share. On Dec 11 ’23, another insider, GERDIN MICHAEL J, who serves as the Chief Executive Officer of the company, bought 64,475 shares for $13.98 each. As a result, the insider paid 901,130 and bolstered with 452,594 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, HTLD now has a Market Capitalization of 818795648 and an Enterprise Value of 1041270976. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.69 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 0.908 whereas that against EBITDA is 6.081.
Stock Price History:
The Beta on a monthly basis for HTLD is 0.64, which has changed by -0.31452167 over the last 52 weeks, in comparison to a change of 0.24191546 over the same period for the S&P500. Over the past 52 weeks, HTLD has reached a high of $17.08, while it has fallen to a 52-week low of $10.00. The 50-Day Moving Average of the stock is -13.95%, while the 200-Day Moving Average is calculated to be -26.72%.
Shares Statistics:
The stock has traded on average 332.47K shares per day over the past 3-months and 469720 shares per day over the last 10 days, according to various share statistics. A total of 79.04M shares are outstanding, with a floating share count of 45.92M. Insiders hold about 41.91% of the company’s shares, while institutions hold 56.53% stake in the company. Shares short for HTLD as of 1713139200 were 1492943 with a Short Ratio of 4.49, compared to 1710460800 on 1673609. Therefore, it implies a Short% of Shares Outstanding of 1492943 and a Short% of Float of 3.7800000000000002.
Dividends & Splits
In the trailing 12 months, HTLD’s forward annual dividend rate was 0.08, compared to 0.08 this year. Against a Trailing Annual Dividend Yield of 0.0077220076The stock’s 5-year Average Dividend Yield is 0.48. The current Payout Ratio is 42.83% for HTLD, which recently paid a dividend on 2024-03-25 with an ex-dividend date of 1711324800. Stock splits for the company last occurred on 2006-05-16 when the company split stock in a 4:3 ratio.
Earnings Estimates
The current market rating for Heartland Express, Inc. (HTLD) reflects the collective analysis of 5.0 analysts closely monitoring its performance.On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.04 and a low estimate of -$0.11, while EPS last year was $0.1. The consensus estimate for the next quarter is $0.0, with high estimates of $0.06 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.03 and -$0.41 for the fiscal current year, implying an average EPS of -$0.19. EPS for the following year is $0.54, with 5.0 analysts recommending between $0.67 and $0.3.
Revenue Estimates
2 analysts predict $275.45M in revenue for the current quarter. It ranges from a high estimate of $276M to a low estimate of $274.9M. As of the current estimate, Heartland Express, Inc.’s year-ago sales were $322.65MFor the next quarter, 2 analysts are estimating revenue of $284M. There is a high estimate of $284M for the next quarter, whereas the lowest estimate is $284M.
A total of 5 analysts have provided revenue estimates for HTLD’s current fiscal year. The highest revenue estimate was $1.18B, while the lowest revenue estimate was $1.08B, resulting in an average revenue estimate of $1.12B. In the same quarter a year ago, actual revenue was $1.21BBased on 5 analysts’ estimates, the company’s revenue will be $1.19B in the next fiscal year. The high estimate is $1.3B and the low estimate is $1.09B.
