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
|Historical stock prices|
|Current Share Price||US$14.92|
|52 Week High||US$17.88|
|52 Week Low||US$12.78|
|1 Month Change||1.22%|
|3 Month Change||7.80%|
|1 Year Change||-8.19%|
|3 Year Change||-29.69%|
|5 Year Change||-37.05%|
|Change since IPO||1,840.97%|
Recent News & Updates
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...
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.
|HTLD||US Transportation||US Market|
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.
|HTLD Average Weekly Movement||4.0%|
|Transportation Industry Average Movement||6.9%|
|Market Average Movement||6.9%|
|10% most volatile stocks in US Market||15.5%|
|10% least volatile stocks in US Market||2.8%|
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
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
|HTLD fundamental statistics|
Is HTLD overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|HTLD income statement (TTM)|
|Cost of Revenue||US$400.70m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||1.75|
|Net Profit Margin||21.64%|
How did HTLD perform over the long term?See historical performance and comparison
0.5%Current Dividend Yield
Is HTLD undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
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.
|What is HTLD's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does HTLD's PE Ratio compare to its peers?
|HTLD PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
ULH Universal Logistics Holdings
MRTN Marten Transport
WERN Werner Enterprises
HTLD Heartland Express
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.
|Current PE Ratio||8.5x|
|Fair PE Ratio||6.7x|
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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How is Heartland Express forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Future Growth Score2/6
Future Growth Score 2/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
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%).
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How has Heartland Express performed over the past 5 years?
Past Performance Score4/6
Past Performance Score 4/6
Growing Profit Margin
Earnings vs Industry
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.
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How is Heartland Express's financial position?
Financial Health Score5/6
Financial Health Score 5/6
Short Term Liabilities
Long Term Liabilities
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.
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What is Heartland Express's current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Heartland Express Dividend Yield vs Market|
|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.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Gerdin (52 yo)
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|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$798k||US$780k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$821k||US$795k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$758k||US$758k|
|Sep 30 2019||n/a||n/a|
|Jun 30 2019||n/a||n/a|
|Mar 31 2019||n/a||n/a|
|Dec 31 2018||US$706k||US$706k|
|Sep 30 2018||n/a||n/a|
|Jun 30 2018||n/a||n/a|
|Mar 31 2018||n/a||n/a|
|Dec 31 2017||US$662k||US$662k|
|Sep 30 2017||n/a||n/a|
|Jun 30 2017||n/a||n/a|
|Mar 31 2017||n/a||n/a|
|Dec 31 2016||US$610k||US$610k|
|Sep 30 2016||n/a||n/a|
|Jun 30 2016||n/a||n/a|
|Mar 31 2016||n/a||n/a|
|Dec 31 2015||US$557k||US$557k|
Compensation vs Market: Mike's total compensation ($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.
Experienced Management: HTLD's management team is seasoned and experienced (7.9 years average tenure).
Experienced Board: HTLD's board of directors are considered experienced (8.9 years average tenure).
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
|07 Sep 22||BuyUS$28,560||Michael Sullivan||Individual||2,000||US$14.28|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Heartland Express, Inc.'s employee growth, exchange listings and data sources
- 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
- Heartland Express, Inc.
- 901 Heartland Way
- North Liberty
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HTLD||NasdaqGS (Nasdaq Global Select)||Yes||Common Stock||US||USD||Nov 1986|
|HLX||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Nov 1986|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/04 00:00|
|End of Day Share Price||2022/10/04 00:00|
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.