Heartland Express (HTLD) Releases Earnings Results, Reports EPS of $0.20 EPS

Heartland Express (HTLD) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.20 EPS for the quarter. Analysts had a consensus estimate of $0.20. The company posted revenue of $160.80 million in the period, compared to analysts expectations of $167.94 million. The company’s revenue was down -16.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Heartland Express. Heartland Express was Downgraded by Wells Fargo to ” Underperform” on May 9, 2016.

Heartland Express opened for trading at $18.01 and hit $18.62 on the upside on Thursday, eventually ending the session at $18.47, with a gain of 2.38% or 0.43 points. The heightened volatility saw the trading volume jump to 4,60,104 shares. Company has a market cap of $1,537 M.

In a different news, on Jun 16, 2016, Larry J. Gordon (director) sold 95,934 shares at $17.74 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.

Heartland Express

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