Heartland Express (HTLD) was Downgraded by Wells Fargo to ” Underperform”. Earlier the firm had a rating of “Market Perform ” on the company shares. Wells Fargo advised their investors in a research report released on May 9, 2016.
Many Wall Street Analysts have commented on Heartland Express. Heartland Express was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 7, 2016. Shares were Reiterated by Barclays on Apr 6, 2016 to “Underweight” and Lowered the Price Target to $ 15 from a previous price target of $17 .Heartland Express was Initiated by JP Morgan to “Underweight” on Feb 29, 2016.
On the company’s financial health, Heartland Express reported $0.17 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.16. The company had revenue of $162.80 million for the quarter, compared to analysts expectations of $175.65 million. The company’s revenue was down -13.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
Heartland Express opened for trading at $17.62 and hit $18.04 on the upside on Friday, eventually ending the session at $17.91, with a gain of 1.19% or 0.21 points. The heightened volatility saw the trading volume jump to 5,53,258 shares. Company has a market cap of $1,492 M.
In a different news, on Dec 16, 2015, Larry J. Gordon (director) sold 131,000 shares at $17.17 per share price. According to the SEC, on Jun 16, 2015, Steven M Gordon (COO of Subsidiary) sold 50,000 shares at $20.58 per share price. On Jun 16, 2015, James G Pratt (director) purchased 2,000 shares at $21.29 per share price, according to the Form-4 filing with the securities and exchange commission.
Heartland Express Inc. (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc. of Iowa Gordon Trucking Inc. (GTI) Heartland Express Services Inc. Heartland Express Maintenance Services Inc. and A & M Express Inc. The Company together with its subsidiaries is a short-to-medium haul truckload carrier of general commodities. The Company provides transportation services across the United States and parts of Canada. It offers primarily asset-based transportation services in the dry van truckload market and also offers truckload temperature-controlled transportation services and non-asset based brokerage services. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company operates around 21 terminal facilities throughout the United States.