Revenue Update on Heartland Express(NASDAQ:HTLD)

Heartland Express(NASDAQ:HTLD) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $160.79M. Analysts estimated a revenue of $168.91M. Earnings per share were $0.20. Analysts had estimated an EPS of $0.21.

In a different note, On Jun 22, 2016, BB&T Capital said it Downgrades its rating on Heartland Express. The shares have been rated ‘Hold’ by the firm. On May 9, 2016, Wells Fargo said it Downgrades its rating on Heartland Express. The shares have been rated ‘Underperform’ by the firm.

Heartland Express (HTLD) made into the market gainers list on Thursdays trading session with the shares advancing 1.39% or 0.26 points. Due to strong positive momentum, the stock ended at $18.96, which is also near the day’s high of $18.97. The stock began the session at $18.74 and the volume stood at 6,00,740 shares. The 52-week high of the shares is $22.05 and the 52 week low is $15.36. The company has a current market capitalization of $1,579 M and it has 8,32,79,000 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 16, 2016, Larry J. Gordon (director) sold 95,934 shares at $17.74 per share price.Also, 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.

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