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HTLD

Heartland Express NasdaqGS:HTLD Stock Report

Last Price

US$14.92

Market Cap

US$1.2b

7D

4.9%

1Y

-8.2%

Updated

04 Oct, 2022

Data

Company Financials +
HTLD fundamental analysis
Snowflake Score
Valuation4/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends0/6

HTLD Stock Overview

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada.

Heartland Express Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Heartland Express
Historical stock prices
Current Share PriceUS$14.92
52 Week HighUS$17.88
52 Week LowUS$12.78
Beta0.55
1 Month Change1.22%
3 Month Change7.80%
1 Year Change-8.19%
3 Year Change-29.69%
5 Year Change-37.05%
Change since IPO1,840.97%

Recent News & Updates

Oct 05
Is Heartland Express (NASDAQ:HTLD) Using Too Much Debt?

Is Heartland Express (NASDAQ:HTLD) Using Too Much Debt?

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...

Sep 16

Heartland Express declares $0.02 dividend

Heartland Express (NASDAQ:HTLD) declares $0.02/share quarterly dividend, in line with previous. Forward yield 0.55% Payable Oct. 7; for shareholders of record Sept. 27; ex-div Sept. 26. See HTLD Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

HTLDUS TransportationUS Market
7D4.9%5.0%4.4%
1Y-8.2%-24.9%-18.2%

Return vs Industry: HTLD exceeded the US Transportation industry which returned -26.5% over the past year.

Return vs Market: HTLD exceeded the US Market which returned -20% over the past year.

Price Volatility

Is HTLD's price volatile compared to industry and market?
HTLD volatility
HTLD Average Weekly Movement4.0%
Transportation Industry Average Movement6.9%
Market Average Movement6.9%
10% most volatile stocks in US Market15.5%
10% least volatile stocks in US Market2.8%

Stable Share Price: HTLD is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: HTLD's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19783,180Mike Gerdinhttps://www.heartlandexpress.com

Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names.

Heartland Express Fundamentals Summary

How do Heartland Express's earnings and revenue compare to its market cap?
HTLD fundamental statistics
Market CapUS$1.18b
Earnings (TTM)US$138.48m
Revenue (TTM)US$639.85m

8.5x

P/E Ratio

1.8x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
HTLD income statement (TTM)
RevenueUS$639.85m
Cost of RevenueUS$400.70m
Gross ProfitUS$239.15m
Other ExpensesUS$100.67m
EarningsUS$138.48m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)1.75
Gross Margin37.38%
Net Profit Margin21.64%
Debt/Equity Ratio1.3%

How did HTLD perform over the long term?

See historical performance and comparison

Dividends

0.5%

Current Dividend Yield

5%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is HTLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for HTLD?

Other financial metrics that can be useful for relative valuation.

HTLD key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1.7x
Enterprise Value/EBITDA6.2x
PEG Ratio-0.5x

Price to Earnings Ratio vs Peers

How does HTLD's PE Ratio compare to its peers?

HTLD PE Ratio vs Peers
The above table shows the PE ratio for HTLD vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average9.8x
ULH Universal Logistics Holdings
7.8x4.1%US$878.5m
MRTN Marten Transport
15.6x0.6%US$1.6b
ARCB ArcBest
6.4x-7.6%US$1.9b
WERN Werner Enterprises
9.4x-6.7%US$2.5b
HTLD Heartland Express
8.5x-17.6%US$1.2b

Price-To-Earnings vs Peers: HTLD is good value based on its Price-To-Earnings Ratio (8.5x) compared to the peer average (9.8x).


Price to Earnings Ratio vs Industry

How does HTLD's PE Ratio compare vs other companies in the US Transportation Industry?

Price-To-Earnings vs Industry: HTLD is good value based on its Price-To-Earnings Ratio (8.5x) compared to the US Transportation industry average (9x)


Price to Earnings Ratio vs Fair Ratio

What is HTLD's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

HTLD PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.5x
Fair PE Ratio6.7x

Price-To-Earnings vs Fair Ratio: HTLD is expensive based on its Price-To-Earnings Ratio (8.5x) compared to the estimated Fair Price-To-Earnings Ratio (6.7x).


Share Price vs Fair Value

What is the Fair Price of HTLD when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: HTLD ($14.92) is trading below our estimate of fair value ($172.93)

Significantly Below Fair Value: HTLD is trading below fair value by more than 20%.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Target price is less than 20% higher than the current share price.


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Future Growth

How is Heartland Express forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


-17.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: HTLD's earnings are forecast to decline over the next 3 years (-17.6% per year).

Earnings vs Market: HTLD's earnings are forecast to decline over the next 3 years (-17.6% per year).

High Growth Earnings: HTLD's earnings are forecast to decline over the next 3 years.

Revenue vs Market: HTLD's revenue (24.6% per year) is forecast to grow faster than the US market (7.6% per year).

High Growth Revenue: HTLD's revenue (24.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: HTLD's Return on Equity is forecast to be low in 3 years time (10.7%).


Discover growth companies

Past Performance

How has Heartland Express performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


6.7%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: HTLD has a high level of non-cash earnings.

Growing Profit Margin: HTLD's current net profit margins (21.6%) are higher than last year (11.7%).


Past Earnings Growth Analysis

Earnings Trend: HTLD's earnings have grown by 6.7% per year over the past 5 years.

Accelerating Growth: HTLD's earnings growth over the past year (90.1%) exceeds its 5-year average (6.7% per year).

Earnings vs Industry: HTLD earnings growth over the past year (90.1%) exceeded the Transportation industry 62.5%.


Return on Equity

High ROE: HTLD's Return on Equity (16.9%) is considered low.


Discover strong past performing companies

Financial Health

How is Heartland Express's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: HTLD's short term assets ($296.1M) exceed its short term liabilities ($126.4M).

Long Term Liabilities: HTLD's short term assets ($296.1M) exceed its long term liabilities ($168.9M).


Debt to Equity History and Analysis

Debt Level: HTLD has more cash than its total debt.

Reducing Debt: Insufficient data to determine if HTLD's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: HTLD's debt is well covered by operating cash flow (1090.4%).

Interest Coverage: HTLD earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Heartland Express's current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


0.54%

Current Dividend Yield

Dividend Yield vs Market

Heartland Express Dividend Yield vs Market
How does Heartland Express dividend yield compare to the market?
SegmentDividend Yield
Company (Heartland Express)0.5%
Market Bottom 25% (US)1.6%
Market Top 25% (US)4.5%
Industry Average (Transportation)1.8%
Analyst forecast in 3 Years (Heartland Express)0.6%

Notable Dividend: HTLD's dividend (0.54%) isn’t notable compared to the bottom 25% of dividend payers in the US market (1.64%).

High Dividend: HTLD's dividend (0.54%) is low compared to the top 25% of dividend payers in the US market (4.63%).


Stability and Growth of Payments

Stable Dividend: HTLD is not paying a notable dividend for the US market, therefore no need to check if payments are stable.

Growing Dividend: HTLD is not paying a notable dividend for the US market, therefore no need to check if payments are increasing.


Earnings Payout to Shareholders

Earnings Coverage: HTLD is not paying a notable dividend for the US market.


Cash Payout to Shareholders

Cash Flow Coverage: HTLD is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

7.9yrs

Average management tenure


CEO

Mike Gerdin (52 yo)

26.75yrs

Tenure

US$797,900

Compensation

Mr. Michael J. Gerdin, also known as Mike, has been the Chief Executive Officer and President of Heartland Express, Inc. since September 2011 and since May 2006 respectively. Mr. Gerdin served as the Presi...


CEO Compensation Analysis

Mike Gerdin's Compensation vs Heartland Express Earnings
How has Mike Gerdin's remuneration changed compared to Heartland Express's earnings?
DateTotal Comp.SalaryCompany Earnings
Jun 30 2022n/an/a

US$138m

Mar 31 2022n/an/a

US$82m

Dec 31 2021US$798kUS$780k

US$79m

Sep 30 2021n/an/a

US$77m

Jun 30 2021n/an/a

US$73m

Mar 31 2021n/an/a

US$71m

Dec 31 2020US$821kUS$795k

US$71m

Sep 30 2020n/an/a

US$66m

Jun 30 2020n/an/a

US$66m

Mar 31 2020n/an/a

US$69m

Dec 31 2019US$758kUS$758k

US$73m

Sep 30 2019n/an/a

US$83m

Jun 30 2019n/an/a

US$81m

Mar 31 2019n/an/a

US$77m

Dec 31 2018US$706kUS$706k

US$73m

Sep 30 2018n/an/a

US$89m

Jun 30 2018n/an/a

US$78m

Mar 31 2018n/an/a

US$75m

Dec 31 2017US$662kUS$662k

US$75m

Sep 30 2017n/an/a

US$50m

Jun 30 2017n/an/a

US$54m

Mar 31 2017n/an/a

US$56m

Dec 31 2016US$610kUS$610k

US$56m

Sep 30 2016n/an/a

US$60m

Jun 30 2016n/an/a

US$63m

Mar 31 2016n/an/a

US$70m

Dec 31 2015US$557kUS$557k

US$73m

Compensation vs Market: Mike's total compensation ($USD797.90K) is below average for companies of similar size in the US market ($USD4.09M).

Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: HTLD's management team is seasoned and experienced (7.9 years average tenure).


Board Members

Experienced Board: HTLD's board of directors are considered experienced (8.9 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: HTLD insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

NasdaqGS:HTLD Recent Insider Transactions by Companies or Individuals
DateValueNameEntityRoleSharesMax Price
07 Sep 22BuyUS$28,560Michael SullivanIndividual2,000US$14.28

Ownership Breakdown

What is the ownership structure of HTLD?
Owner TypeNumber of SharesOwnership Percentage
General Public1,359,9301.7%
Individual Insiders8,968,54111.4%
Private Companies23,727,31230.1%
Institutions44,881,19856.9%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Top 25 shareholders own 87.98% of the company
OwnershipNameSharesCurrent ValueChange %Portfolio %
18.34%
Ann S. Gerdin Revocable Trust
14,478,232$216.0m0%no data
11.72%
Gerdin Heartland Trust
9,249,080$138.0m0%no data
10.83%
Michael Gerdin
8,549,733$127.6m0%no data
10.46%
American Century Investment Management Inc
8,259,868$123.2m1.63%0.09%
9.9%
BlackRock, Inc.
7,811,358$116.5m2.12%no data
6.64%
The Vanguard Group, Inc.
5,243,913$78.2m1.51%no data
3.78%
Dimensional Fund Advisors LP
2,982,570$44.5m6.42%0.01%
3.23%
ArrowMark Colorado Holdings, LLC
2,547,288$38.0m-3.03%0.44%
2.71%
State Street Global Advisors, Inc.
2,140,009$31.9m-4.59%no data
1.11%
Geode Capital Management, LLC
879,732$13.1m-0.1%no data
0.99%
GW&K Investment Management, LLC
782,891$11.7m4.23%0.12%
0.83%
Invesco Capital Management LLC
651,290$9.7m-23.73%0.01%
0.8%
Charles Schwab Investment Management, Inc.
633,299$9.4m6.38%no data
0.73%
Norges Bank Investment Management
580,100$8.7m0%no data
0.69%
BNY Mellon Asset Management
545,272$8.1m-2.62%no data
0.68%
Millennium Management LLC
536,385$8.0m31.19%0.01%
0.66%
Northern Trust Global Investments
518,412$7.7m-0.91%no data
0.64%
Hotchkis and Wiley Capital Management, LLC
504,500$7.5m-4.11%0.03%
0.56%
Renaissance Technologies LLC
441,982$6.6m-9.92%0.01%
0.55%
Goldman Sachs Asset Management, L.P.
437,415$6.5m55.03%no data
0.48%
SEI Investments Company
382,367$5.7m4.56%0.01%
0.44%
Dean Investment Associates, LLC
350,813$5.2m10.95%1.05%
0.42%
Eaton Vance Management
329,772$4.9m7.7%no data
0.39%
Heartland Advisors, Inc.
307,691$4.6m-6.08%0.32%
0.38%
Larry Gordon
303,159$4.5m0%no data

Company Information

Heartland Express, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: Heartland Express, Inc.
  • Ticker: HTLD
  • Exchange: NasdaqGS
  • Founded: 1978
  • Industry: Trucking
  • Sector: Transportation
  • Implied Market Cap: US$1.178b
  • Shares outstanding: 78.94m
  • Website: https://www.heartlandexpress.com

Number of Employees


Location

  • Heartland Express, Inc.
  • 901 Heartland Way
  • North Liberty
  • Iowa
  • 52317
  • United States


Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HTLDNasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1986
HLXDB (Deutsche Boerse AG)YesCommon StockDEEURNov 1986

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/10/04 00:00
End of Day Share Price2022/10/04 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.