HTLD - Heartland Express, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
21.12
+0.53 (+2.57%)
At close: 4:00PM EDT

21.12 0.00 (0.00%)
After hours: 4:23PM EDT

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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close20.59
Open20.89
Bid21.15 x 800
Ask24.00 x 1400
Day's Range20.89 - 21.28
52 Week Range15.65 - 22.71
Volume315,438
Avg. Volume400,735
Market Cap1.718B
Beta (5Y Monthly)0.54
PE Ratio (TTM)25.14
EPS (TTM)0.84
Earnings DateJul 16, 2020 - Jul 20, 2020
Forward Dividend & Yield0.08 (0.39%)
Ex-Dividend DateMar 19, 2020
1y Target Est18.88
  • GlobeNewswire

    Heartland Express, Inc. Announces Participation in Upcoming Conferences

    NORTH LIBERTY, Iowa, May 25, 2020 -- Heartland Express, Inc. (Nasdaq: HTLD) announced that members of management will participate in the virtual 2020 KeyBanc Industrials &.

  • GlobeNewswire

    Heartland Express, Inc. Announces Teleconference for 2020 Annual Meeting of Stockholders

    After reviewing the public health impacts of the COVID-19 pandemic across our state and local communities and considering the safety and well-being of our stockholders and employees, we have determined that the annual meeting will be held via teleconference. Beginning at 7:45 a.m., up until the start time 8:00 a.m. Central Daylight Time, call 1-877-271-1828 and enter the Participant Passcode 77719219. You will be prompted to state your name and personal identification number (personal identification number is your Control Number as provided in the voting materials - Voting Items).

  • Heartland Express, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
    Simply Wall St.

    Heartland Express, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

    Heartland Express, Inc. (NASDAQ:HTLD) last week reported its latest first-quarter results, which makes it a good time...

  • A Trio of High-Quality Stocks for the Value Investor
    GuruFocus.com

    A Trio of High-Quality Stocks for the Value Investor

    Their balance sheets and businesses generate ample cash to match short term needs Continue reading...

  • Heartland Express (HTLD) Q1 Earnings and Revenues Beat Estimates
    Zacks

    Heartland Express (HTLD) Q1 Earnings and Revenues Beat Estimates

    Heartland Express (HTLD) delivered earnings and revenue surprises of 23.08% and 0.40%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

  • Lower Gains On Sale Weigh On Results At Heartland Express
    Benzinga

    Lower Gains On Sale Weigh On Results At Heartland Express

    Iowa-based truckload (TL) carrier Heartland Express, Inc. (NASDAQ: HTLD) generated better than expected results during the first quarter of 2020. The carrier's $0.16 earnings per share was $0.03 ahead of the consensus estimate.  "Our operating results for the three months ended March 31, 2020 showed strength in terms of profit and overall operating efficiency during these challenging times we face currently as a company and a country," said Heartland Express CEO Mike Gerdin in the press release.Of note, the company's financial results had a headwind in the form of a loss on equipment sales. In the first quarter, Heartland Express incurred a $229,000 loss replacing tractors and trailers. Typically, this line item provides Heartland Express and other carriers with gains on sale, booked as an offset to operating expenses, from the disposal of equipment. In the past, these gains have lowered expenses by a few million dollars.However, prices for used trucks have fallen significantly after record purchasing of new tractors through and after the freight peak of 2018. As post-peak volumes fell off significantly and excess capacity pushed TL rates lower, the demand for new equipment has fallen, negatively impacting the trade-in values for older equipment. There are other cost headwinds impacting demand for equipment like increased difficulty accessing credit and higher insurance claims and expenses. 3 Year Old Used Truck Price Index (USA) – SONAR: UT3.USAThe carrier expects to record gains on the sale of equipment in the $10 to $12 million range during the back half of the year.The company's average tractor age was two years at the close of the quarter compared to 1.4 years at the end of the first quarter of 2019. The increase in fleet age is due to Heartland Express' acquisition of Millis Transfer in 2019. At the time, Millis was operating a tractor fleet that was approximately two years in age.Heartland Express reported a 19.2% year-over-year increase in revenue to $166.3 million, but operating income declined 16.9% in the period to $17.3 million. Operating income was only $3.5 million lower than the 2019 comparable period even though the disposal of equipment presented a $4.1 million year-over-year cost headwind. The operating income decline was partially offset by the contribution from the Millis Transfer acquisition. Heartland Express reported an adjusted operating ratio (OR) of 88.2%, 520 basis points worse than the year ago period.Heartland Express does not provide any operating metrics around utilization and pricing. Heartland Express Key Performance IndicatorsNet cash flow from operations totaled $40.1 million in the quarter. The company spent $39.7 million in capital expenditures in the first quarter on revenue equipment and terminal projects, but capital spending is likely to slow as the carrier anticipates $85 to $95 million in net capital expenditures for the rest of the year.Heartland Express closed the first quarter with $64.2 million in cash and no debt. The company has additional liquidity in the form of $89.7 million in capacity on its line of credit (excluding letters of credit) with the ability to increase its borrowing base by $100 million.Heartland Express paid off all of the debt associated with the $150 million acquisition of Millis Transfer during the fourth quarter of 2019.The company repurchased 710,376 shares of its stock during the first quarter.Pointing to the company's strong balance sheet and ability to generate cash flow from operations, Gerdin concluded, "We believe Heartland Express is well-positioned to navigate a volatile freight market, changing customer needs and relationships, and an uncertain economic landscape in the months ahead."Shares of HTLD are flat in mid-day trading.See more from Benzinga * Volumes Increase In A Few Key Markets – FreightWaves NOW * Headcount Levels Fall Nearly 12% In March At U.S. Class I Operations * Severe Storm, Tornado Threats Continue Across The South (With Forecast Video)(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • GlobeNewswire

    Heartland Express, Inc. Reports Revenues and Earnings for the First Quarter of 2020

    NORTH LIBERTY, Iowa, April 21, 2020 -- Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the three months ended March 31, 2020. Three months ended.

  • Were Hedge Funds Right About Heartland Express (HTLD)?
    Insider Monkey

    Were Hedge Funds Right About Heartland Express (HTLD)?

    Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]

  • Why Heartland Express, Inc.'s (NASDAQ:HTLD) CEO Pay Matters To You
    Simply Wall St.

    Why Heartland Express, Inc.'s (NASDAQ:HTLD) CEO Pay Matters To You

    In 2011 Mike Gerdin was appointed CEO of Heartland Express, Inc. (NASDAQ:HTLD). First, this article will compare CEO...

  • Coronavirus has hit the trucking industry ‘like a brick wall’
    Yahoo Finance

    Coronavirus has hit the trucking industry ‘like a brick wall’

    The $800 billion trucking industry scrambles to keep supply chains moving as coronavirus triggers skyrocketing demand for necessities.

  • Earnings Preview: Heartland Express (HTLD) Q1 Earnings Expected to Decline
    Zacks

    Earnings Preview: Heartland Express (HTLD) Q1 Earnings Expected to Decline

    Heartland Express (HTLD) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

  • GlobeNewswire

    Heartland Express, Inc. Declares Regular Quarterly Dividend

    The $0.02 per share dividend will be paid on April 1, 2020 to shareholders of record at the close of business on March 20, 2020. This is the Company's sixty-seventh consecutive quarterly cash dividend.

  • GlobeNewswire

    Heartland Express, Inc. Announces a Change to an Upcoming Conference

    NORTH LIBERTY, Iowa, March 09, 2020 -- Heartland Express, Inc. (Nasdaq: HTLD) announced that due to a change in the conference format, Chris Strain, Chief Financial Officer and.

  • Solving The Trucking Profitability Paradox
    Benzinga

    Solving The Trucking Profitability Paradox

    "It was the best of times; it was the worst of times," – Charles Dickens, A Tale of Two CitiesHad Charles Dickens been a trucker in 2019, it would have been highly likely that he would have truncated this famous sentence to "It was the worst of times." The freight recession that started in early 2019 has unfortunately continued, and for many has gotten worse. Profits have been almost non-existent for carriers of all sizes, and for a large portion of the carrier population, the entire year of business ended with absolutely nothing to show for it, not to mention cash injections from owners.A dollar invested in any business should be worth more at the end of the year than at the beginning. That's the whole point: to make money. The average North American motor carrier generated a negative return on its assets in 2019. That dollar invested at the beginning of the year was worth less, not more at the end of 12 months. For the average reader, without an education on the economics of trucking, the response to this statement would simply be that this is the risk of being in business: you take the good years, you take the bad years, and on balance, if you do the right things, you earn a profit. However, the problem with trucking is that there are two things to consider: the average long-term operating margins as a carrier (razor thin), as well as the massive risks faced by today's carriers. Most industry articles typically focus on one or the other, but when you combine the two – rewards and risk – it presents a paradox. Why accept this level of risk for such paltry returns?The reality is that trucking, like many other businesses (e.g. real estate), is leverage-friendly. It is very easy (over the long-term, not necessarily lately) to obtain credit to grow your business. Banks and lenders like physical assets; trucks are physical assets. This fact doesn't guarantee success. Unlike some leverage-friendly businesses, trucking does not have a finite capacity. As a result, when times are good, capacity (trucks) enters the market. Incumbent carriers are just as guilty (if not more guilty) for the capacity problem.This added capacity causes diminishing returns, even if it temporarily provides an increase in absolute profits for a carrier. The charts below illustrate, using empirical data, what the roller coaster of trucking profitability looks like.The underlying data is gleaned from participants in the TCA Profitability Program (TPP), which is comprised of 238 trucking company profiles, of all sizes and modes, throughout North America. Although we do not have empirical data to confirm our hypothesis, we believe that the profit margins for the wider trucking community were significantly worse than described below. If that is correct, this is the best case. For those in the shipper community that are reading this, this is what transportation looks like on this side, this is the main street of trucking. For every Heartland Express, there are tens of thousands of ACME carriers that have done worse than the averages described below.Operating Ratio – Dry vans Source: FreightWaves SONAROperating Ratio – Reefer Source: FreightWaves SONAROperating Ratio – Flatbeds Source: FreightWaves SONARNow, let's consider the risk side of the equation. For many, the first thing that comes to mind is the rising tide of litigation, and the number of nuclear verdicts being imposed on the industry. This is a trend of great concern. Carriers of all sizes and safety profiles are finding themselves on the wrong side of jury decisions at a growing rate. A decade of earnings can evaporate for both carriers and insurance companies with these kinds of judgements. When you combine these potential judgements with the difficult freight environment, most companies simply do not have the resources to assume liabilities from nuclear verdicts – or any jury verdict at all.Nuclear verdicts, rising insurance rates, depressed used truck pricing, difficult macro and micro economics and countless other curve balls make it very difficult for a pragmatic business person to justify being a trucker. However, this is where the doom and gloom ends, and opportunities start.Financial And Operational Literacy After being part of the TCA Profitability Program for five years, I've been provided with the unique opportunity to observe, first-hand, the inner workings of a growing number of trucking companies, and gain insight from the leaders in each of those businesses. From this experience, I believe (you be the judge) I've been able to distill some of the traits of those companies that have achieved significantly better returns (profits) than the average carrier. Many of these top-performing companies had their best years in 2019! These traits are part of a common theme; these companies have treated the diseases that cause low returns, not just the symptoms.The most viral disease in trucking is a lack of financial and operational literacy in this industry. All of today's top trucking companies started with one truck. Trucking entrepreneurs are problem-solvers, and many have succeeded simply because they have the ability to put out fires rapidly, and sheer willpower to make some money along the way. However, once you start building a team, it can prove difficult to provide an education on the financial and operational realities of trucking – they are typically too busy putting out fires to take a step back, to identify a better way. A common trait among top-performing carriers is that they are very transparent in their operational and financial results, and are able to communicate these results in a way that anyone can comprehend. This, tied with line-item accountability and merit-based compensation, is a formula for success.How does one start the journey towards both transparency and education? The first step is to eliminate metrics that many have difficulty understanding. At the top of the list is operating ratio (OR). I've had countless conversations with CFOs, new to the industry, who didn't quite fully understand the components of an OR. The reason is that it's not part of the normal language of businesses. Only three industries that I can think of use OR to communicate financial performance, as a default measure – trucking, railroads and insurance. Almost all other industries focus their attention on the inverse, operating income, as a percentage of revenue, and return on assets. If a CFO is asking what an OR is, it is highly likely that the vast majority of people in the company don't know either. Operating ratio is also a subtle cloak for a stark fact – returns suck. To the average reader, what is more alarming, a 98.5% OR, or 1.5% operating income (or a 101.5% OR compared to -1.5%). I think the answer is clear.Taking this one step further is translating the economics of trucking into a format that reinforces the challenges (and opportunities) in trucking in the language of business. One great method, which I feel very strongly about, is providing employees with a simplified profit and loss (P&L) statement. An example of this, which is available for all TPP members, is a P&L format using $1 of revenue as a starting point.Using the above example, for every dollar of revenue generated, the carrier has kept just 1.6 cents. If you were to survey your employees using the standard question "For every $1 of revenue, how much (after all expenses) do we keep, in the form of profits?", it would be a safe bet that the average response is going to be much greater than 1.6 cents (or 1.6% operating income). If your employees don't know the stark realities of trucking, there is very little opportunity to influence front-line behavior, and daily decisions. If the employee believes that the company is keeping 30 cents on every dollar, it's another safe bet to assume that he or she is rationalizing decisions that may have cost the business substantial sums.This ties into the second trait of top-performing companies, which is really a timeless mantra.A Penny Saved Is A Penny EarnedAchieving larger relative rates per mile compared to the competition is extremely difficult. This is due to the fact that the trucking market is extremely efficient because of its pro-competitive aspects. As a result, shippers shouldn't have any fears whether they are receiving the best possible price, within any given market. Instead of chasing top-line dollars, the best performers continually reinforce to their teams that every penny saved flows directly to the bottom line in the form of profit. This is a much better strategy than simply deciding to go after profit by adding more revenue (a strategy which is the underlying disease in trucking). Heartland Express (NASDAQ: HTLD), as a notable example, is widely known as a company that employs this strategy with great success (net margins of 25+%). This strategy can be distilled into a mantra that more carriers should repeat – Margin Before Truck Count. However, just talking about saving money is not the answer. People, the foundation of all businesses, need to take responsibility and be held accountable for the things they control.Accountability And WIFMClosing out the ‘top traits' is accountability and merit-based compensation (WIFM – what's in it for me). These are the final pieces of the puzzle that can eliminate the disease of market-level profitability in a trucking company (or any company). Once a team member can fully grasp the language of business (the financials) and the economics of trucking, only then will they be able to fully grasp both the implications of their role and tasks. It's only natural, once armed with the data and education, for people to want to improve. A common method to expedite the improvement is to connect accountability for expenses and strategies with compensation, whether direct (bonuses) or indirect (trips, gift cards, company events, etc.).In summary, top performers not only arm their employees (from the driver seat to the C-suite) with information on the health of the company, they also provide that information in a format that can be understood by anyone. These companies reinforce the importance of cost containment and discipline with respect to capital and time-consuming investment. Finally, they decide who (individual or group) is going to be held responsible for maintaining that discipline. In the end, if the formula works for your company, it will result in a more profitable enterprise, and eliminate the behaviors and people that have the opposite effect. You have treated the disease, instead of the symptom. Margin before truck count.Image Sourced from PixabaySee more from Benzinga * Make It Stop: Confronting The Nuclear Verdict Threat To Trucking Companies * How Trucking Companies Can Lower Diesel Fuel Expenses * Former Uber Exec Files For Bankruptcy After Losing 9M Dispute With Google(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • Imagine Owning Heartland Express (NASDAQ:HTLD) And Wondering If The 27% Share Price Slide Is Justified
    Simply Wall St.

    Imagine Owning Heartland Express (NASDAQ:HTLD) And Wondering If The 27% Share Price Slide Is Justified

    The main aim of stock picking is to find the market-beating stocks. But every investor is virtually certain to have...

  • GlobeNewswire

    Heartland Express, Inc. Announces Participation in Upcoming Conference

    NORTH LIBERTY, Iowa, March 02, 2020 -- Heartland Express, Inc. (Nasdaq: HTLD) announced that on Thursday, March 12, 2020, Chris Strain, Chief Financial Officer and Josh.

  • Heartland Express, Inc. Just Missed EPS By 7.7%: Here's What Analysts Think Will Happen Next
    Simply Wall St.

    Heartland Express, Inc. Just Missed EPS By 7.7%: Here's What Analysts Think Will Happen Next

    Heartland Express, Inc. (NASDAQ:HTLD) shares fell 8.9% to US$19.15 in the week since its latest full-year results. It...

  • Benzinga

    Heartland Express Earnings Miss Partly Related To Recent Acquisition

    The weaker operating environment provided Heartland Express Inc. (NASDAQ: HTLD) an opportunity to acquire a $150 million peer. The Iowa-based truckload (TL) carrier reported fourth-quarter 2019 earnings of $0.16 per share, well below the consensus estimate of $0.23 and the prior year's $0.27. "During the fourth quarter, operating revenues were improved, while net income, basic earnings per share and operating ratio results were negatively impacted by the inclusion of the financial results of Millis Transfer following the acquisition and market dynamics," a press release said.

  • Heartland Express (HTLD) Q4 Earnings and Revenues Lag Estimates
    Zacks

    Heartland Express (HTLD) Q4 Earnings and Revenues Lag Estimates

    Heartland Express (HTLD) delivered earnings and revenue surprises of -33.33% and -3.36%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

  • GlobeNewswire

    Heartland Express, Inc. Reports All-Time Records for Total Assets and Stockholders' Equity in 2019 and Provides Historical Financial Review

    NORTH LIBERTY, Iowa, Jan. 23, 2020 -- Heartland Express, Inc. (Nasdaq: HTLD) announced today financial results for the quarter and year ended December 31, 2019.  Heartland.

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    New Strong Sell Stocks for January 10th

    Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today

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    New Strong Sell Stocks for January 8th

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  • A Note On Heartland Express, Inc.'s (NASDAQ:HTLD) ROE and Debt To Equity
    Simply Wall St.

    A Note On Heartland Express, Inc.'s (NASDAQ:HTLD) ROE and Debt To Equity

    One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will...

  • Hedge Funds Have Never Been This Bullish On Heartland Express, Inc. (NASDAQ:HTLD)
    Insider Monkey

    Hedge Funds Have Never Been This Bullish On Heartland Express, Inc. (NASDAQ:HTLD)

    Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industries and media insiders on top of […]

  • An Intrinsic Calculation For Heartland Express, Inc. (NASDAQ:HTLD) Suggests It's 26% Undervalued
    Simply Wall St.

    An Intrinsic Calculation For Heartland Express, Inc. (NASDAQ:HTLD) Suggests It's 26% Undervalued

    Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Heartland Express...