Intrinsic value of Heartland Express - HTLD

Previous Close

$22.78

  Intrinsic Value

$25.99

stock screener

  Rating & Target

hold

+14%

Previous close

$22.78

 
Intrinsic value

$25.99

 
Up/down potential

+14%

 
Rating

hold

*Intrinsic value change (in %) minus stock price change (in %) in the past 12 months.

We calculate the intrinsic value of HTLD stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Shares outstanding, mln

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
2016(a)
   2017
   2018
   2019
   2020
   2021
   2022
   2023
   2024
   2025
   2026
   2027
   2028
   2029
   2030
   2031
   2032
   2033
   2034
   2035
   2036
   2037
   2038
   2039
   2040
   2041
   2042
   2043
   2044
   2045
   2046

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  -16.71
  22.10
  20.39
  18.85
  17.47
  16.22
  15.10
  14.09
  13.18
  12.36
  11.62
  10.96
  10.37
  9.83
  9.35
  8.91
  8.52
  8.17
  7.85
  7.57
  7.31
  7.08
  6.87
  6.68
  6.52
  6.36
  6.23
  6.10
  5.99
  5.89
  5.81
Revenue, $m
  613
  748
  901
  1,071
  1,258
  1,462
  1,683
  1,920
  2,173
  2,441
  2,725
  3,024
  3,337
  3,666
  4,008
  4,365
  4,737
  5,124
  5,527
  5,945
  6,379
  6,831
  7,300
  7,788
  8,296
  8,824
  9,373
  9,945
  10,542
  11,163
  11,811
Variable operating expenses, $m
 
  563
  676
  801
  939
  1,090
  1,253
  1,428
  1,615
  1,813
  2,023
  2,234
  2,465
  2,708
  2,961
  3,225
  3,499
  3,785
  4,082
  4,391
  4,712
  5,046
  5,393
  5,753
  6,128
  6,518
  6,924
  7,346
  7,787
  8,246
  8,725
Fixed operating expenses, $m
 
  68
  69
  71
  73
  75
  77
  78
  80
  82
  84
  87
  89
  91
  93
  96
  98
  100
  103
  106
  108
  111
  114
  116
  119
  122
  125
  129
  132
  135
  138
Total operating expenses, $m
  527
  631
  745
  872
  1,012
  1,165
  1,330
  1,506
  1,695
  1,895
  2,107
  2,321
  2,554
  2,799
  3,054
  3,321
  3,597
  3,885
  4,185
  4,497
  4,820
  5,157
  5,507
  5,869
  6,247
  6,640
  7,049
  7,475
  7,919
  8,381
  8,863
Operating income, $m
  86
  118
  156
  199
  246
  297
  353
  413
  477
  546
  618
  704
  783
  867
  954
  1,045
  1,140
  1,239
  1,341
  1,448
  1,559
  1,674
  1,794
  1,919
  2,048
  2,183
  2,324
  2,470
  2,623
  2,782
  2,948
EBITDA, $m
  192
  234
  294
  361
  434
  515
  602
  695
  795
  902
  1,014
  1,132
  1,256
  1,386
  1,522
  1,664
  1,811
  1,965
  2,125
  2,290
  2,463
  2,642
  2,829
  3,023
  3,224
  3,434
  3,652
  3,880
  4,117
  4,364
  4,622
Interest expense (income), $m
  0
  0
  2
  4
  6
  9
  11
  14
  17
  21
  24
  28
  32
  36
  40
  45
  50
  55
  60
  65
  71
  76
  82
  89
  95
  102
  109
  116
  124
  131
  140
Earnings before tax, $m
  86
  118
  154
  195
  240
  289
  342
  399
  460
  525
  593
  676
  751
  831
  914
  1,000
  1,090
  1,184
  1,282
  1,383
  1,488
  1,598
  1,712
  1,830
  1,953
  2,082
  2,215
  2,354
  2,499
  2,650
  2,808
Tax expense, $m
  30
  32
  42
  53
  65
  78
  92
  108
  124
  142
  160
  182
  203
  224
  247
  270
  294
  320
  346
  373
  402
  431
  462
  494
  527
  562
  598
  636
  675
  716
  758
Net income, $m
  56
  86
  113
  142
  175
  211
  250
  291
  336
  383
  433
  493
  549
  606
  667
  730
  796
  864
  935
  1,009
  1,086
  1,166
  1,250
  1,336
  1,426
  1,520
  1,617
  1,719
  1,824
  1,935
  2,050

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  129
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  738
  743
  895
  1,064
  1,249
  1,452
  1,671
  1,906
  2,158
  2,424
  2,706
  3,003
  3,314
  3,640
  3,980
  4,335
  4,704
  5,089
  5,488
  5,903
  6,335
  6,783
  7,250
  7,734
  8,238
  8,762
  9,308
  9,876
  10,468
  11,085
  11,729
Adjusted assets (=assets-cash), $m
  609
  743
  895
  1,064
  1,249
  1,452
  1,671
  1,906
  2,158
  2,424
  2,706
  3,003
  3,314
  3,640
  3,980
  4,335
  4,704
  5,089
  5,488
  5,903
  6,335
  6,783
  7,250
  7,734
  8,238
  8,762
  9,308
  9,876
  10,468
  11,085
  11,729
Revenue / Adjusted assets
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
  1.007
Average production assets, $m
  452
  552
  664
  789
  927
  1,078
  1,240
  1,415
  1,601
  1,799
  2,009
  2,229
  2,460
  2,701
  2,954
  3,217
  3,491
  3,777
  4,073
  4,381
  4,702
  5,034
  5,380
  5,740
  6,114
  6,503
  6,908
  7,330
  7,769
  8,227
  8,705
Working capital, $m
  136
  8
  10
  12
  14
  16
  19
  21
  24
  27
  30
  33
  37
  40
  44
  48
  52
  56
  61
  65
  70
  75
  80
  86
  91
  97
  103
  109
  116
  123
  130
Total debt, $m
  0
  51
  109
  173
  244
  321
  405
  494
  590
  692
  799
  912
  1,031
  1,155
  1,284
  1,420
  1,560
  1,707
  1,859
  2,017
  2,182
  2,352
  2,530
  2,715
  2,907
  3,106
  3,314
  3,531
  3,756
  3,992
  4,237
Total liabilities, $m
  232
  283
  341
  405
  476
  553
  637
  726
  822
  924
  1,031
  1,144
  1,263
  1,387
  1,516
  1,652
  1,792
  1,939
  2,091
  2,249
  2,414
  2,584
  2,762
  2,947
  3,139
  3,338
  3,546
  3,763
  3,988
  4,224
  4,469
Total equity, $m
  506
  460
  554
  658
  773
  899
  1,034
  1,180
  1,336
  1,501
  1,675
  1,859
  2,052
  2,253
  2,464
  2,683
  2,912
  3,150
  3,397
  3,654
  3,921
  4,199
  4,487
  4,787
  5,099
  5,424
  5,762
  6,113
  6,480
  6,862
  7,260
Total liabilities and equity, $m
  738
  743
  895
  1,063
  1,249
  1,452
  1,671
  1,906
  2,158
  2,425
  2,706
  3,003
  3,315
  3,640
  3,980
  4,335
  4,704
  5,089
  5,488
  5,903
  6,335
  6,783
  7,249
  7,734
  8,238
  8,762
  9,308
  9,876
  10,468
  11,086
  11,729
Debt-to-equity ratio
  0.000
  0.110
  0.200
  0.260
  0.320
  0.360
  0.390
  0.420
  0.440
  0.460
  0.480
  0.490
  0.500
  0.510
  0.520
  0.530
  0.540
  0.540
  0.550
  0.550
  0.560
  0.560
  0.560
  0.570
  0.570
  0.570
  0.580
  0.580
  0.580
  0.580
  0.580
Adjusted equity ratio
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619
  0.619

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  56
  86
  113
  142
  175
  211
  250
  291
  336
  383
  433
  493
  549
  606
  667
  730
  796
  864
  935
  1,009
  1,086
  1,166
  1,250
  1,336
  1,426
  1,520
  1,617
  1,719
  1,824
  1,935
  2,050
Depreciation, amort., depletion, $m
  106
  116
  138
  162
  188
  217
  249
  282
  318
  356
  396
  429
  473
  520
  568
  619
  671
  726
  783
  843
  904
  968
  1,035
  1,104
  1,176
  1,251
  1,328
  1,410
  1,494
  1,582
  1,674
Funds from operations, $m
  163
  202
  250
  304
  363
  428
  498
  573
  654
  739
  829
  922
  1,022
  1,126
  1,235
  1,349
  1,467
  1,591
  1,719
  1,852
  1,991
  2,135
  2,284
  2,440
  2,602
  2,770
  2,946
  3,128
  3,319
  3,517
  3,724
Change in working capital, $m
  7
  1
  2
  2
  2
  2
  2
  3
  3
  3
  3
  3
  3
  4
  4
  4
  4
  4
  4
  5
  5
  5
  5
  5
  6
  6
  6
  6
  7
  7
  7
Cash from operations, $m
  156
  201
  249
  302
  361
  426
  496
  571
  651
  736
  826
  919
  1,018
  1,122
  1,231
  1,345
  1,463
  1,586
  1,714
  1,847
  1,986
  2,130
  2,279
  2,434
  2,596
  2,764
  2,939
  3,122
  3,312
  3,510
  3,717
Maintenance CAPEX, $m
  0
  -87
  -106
  -128
  -152
  -178
  -207
  -239
  -272
  -308
  -346
  -386
  -429
  -473
  -520
  -568
  -619
  -671
  -726
  -783
  -843
  -904
  -968
  -1,035
  -1,104
  -1,176
  -1,251
  -1,328
  -1,410
  -1,494
  -1,582
New CAPEX, $m
  -86
  -100
  -112
  -125
  -138
  -150
  -163
  -175
  -186
  -198
  -209
  -220
  -231
  -242
  -252
  -263
  -274
  -285
  -297
  -308
  -320
  -333
  -346
  -360
  -374
  -389
  -405
  -422
  -439
  -458
  -478
Cash from investing activities, $m
  -39
  -187
  -218
  -253
  -290
  -328
  -370
  -414
  -458
  -506
  -555
  -606
  -660
  -715
  -772
  -831
  -893
  -956
  -1,023
  -1,091
  -1,163
  -1,237
  -1,314
  -1,395
  -1,478
  -1,565
  -1,656
  -1,750
  -1,849
  -1,952
  -2,060
Free cash flow, $m
  117
  14
  30
  49
  72
  97
  126
  158
  192
  230
  271
  312
  359
  408
  459
  514
  570
  630
  692
  756
  823
  893
  965
  1,040
  1,118
  1,200
  1,284
  1,372
  1,463
  1,558
  1,657
Issuance/(repayment) of debt, $m
  0
  51
  58
  64
  71
  77
  84
  90
  96
  102
  107
  113
  119
  124
  130
  135
  141
  146
  152
  158
  164
  171
  178
  185
  192
  200
  208
  216
  226
  235
  245
Issuance/(repurchase) of shares, $m
  -15
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash from financing (excl. dividends), $m  
  -14
  51
  58
  64
  71
  77
  84
  90
  96
  102
  107
  113
  119
  124
  130
  135
  141
  146
  152
  158
  164
  171
  178
  185
  192
  200
  208
  216
  226
  235
  245
Total cash flow (excl. dividends), $m
  102
  65
  88
  114
  142
  174
  209
  247
  288
  332
  379
  425
  477
  532
  589
  649
  711
  776
  844
  914
  987
  1,063
  1,143
  1,225
  1,310
  1,399
  1,492
  1,588
  1,689
  1,793
  1,902
Retained Cash Flow (-), $m
  -36
  -83
  -94
  -104
  -115
  -125
  -136
  -146
  -156
  -165
  -174
  -184
  -193
  -202
  -211
  -220
  -229
  -238
  -247
  -257
  -267
  -278
  -289
  -300
  -312
  -325
  -338
  -352
  -366
  -382
  -398
Prev. year cash balance distribution, $m
 
  129
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
 
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
 
  111
  -6
  9
  27
  49
  74
  102
  133
  167
  204
  241
  284
  330
  378
  429
  482
  538
  596
  657
  720
  786
  854
  925
  998
  1,075
  1,154
  1,236
  1,322
  1,411
  1,504
Discount rate, %
 
  4.30
  4.52
  4.74
  4.98
  5.23
  5.49
  5.76
  6.05
  6.35
  6.67
  7.00
  7.35
  7.72
  8.11
  8.51
  8.94
  9.39
  9.86
  10.35
  10.87
  11.41
  11.98
  12.58
  13.21
  13.87
  14.56
  15.29
  16.05
  16.86
  17.70
PV of cash for distribution, $m
 
  107
  -5
  8
  23
  38
  53
  69
  83
  96
  107
  115
  121
  125
  127
  126
  123
  117
  110
  101
  92
  81
  71
  61
  51
  42
  34
  27
  20
  15
  11
Current shareholders' claim on cash, %
  100
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0
  100.0

Heartland Express, Inc. is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company's truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services. All tractors are equipped with mobile communication systems. Its primary customers include retailers and manufacturers. It provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California. The Company provides truckload services across the United States and parts of Canada. As of December 31, 2016, it had operated 20 terminal facilities throughout the contiguous United States in addition to its terminal and corporate headquarters in North Liberty, Iowa.

FINANCIAL RATIOS  of  Heartland Express (HTLD)

Valuation Ratios
P/E Ratio 33.9
Price to Sales 3.1
Price to Book 3.7
Price to Tangible Book
Price to Cash Flow 12.2
Price to Free Cash Flow 27.1
Growth Rates
Sales Growth Rate -16.7%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -60.4%
Cap. Spend. - 3 Yr. Gr. Rate -8.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0.2
LT Debt to Equity 0%
Total Debt to Equity 0%
Interest Coverage 0
Management Effectiveness
Return On Assets 7.6%
Ret/ On Assets - 3 Yr. Avg. 9.6%
Return On Total Capital 11.5%
Ret/ On T. Cap. - 3 Yr. Avg. 14.6%
Return On Equity 11.5%
Return On Equity - 3 Yr. Avg. 15.4%
Asset Turnover 0.8
Profitability Ratios
Gross Margin 85%
Gross Margin - 3 Yr. Avg. 81%
EBITDA Margin 31.3%
EBITDA Margin - 3 Yr. Avg. 30.1%
Operating Margin 14%
Oper. Margin - 3 Yr. Avg. 15%
Pre-Tax Margin 14%
Pre-Tax Margin - 3 Yr. Avg. 15%
Net Profit Margin 9.1%
Net Profit Margin - 3 Yr. Avg. 9.6%
Effective Tax Rate 34.9%
Eff/ Tax Rate - 3 Yr. Avg. 36%
Payout Ratio 12.5%

HTLD stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the HTLD stock intrinsic value calculation we used $613 million for the last fiscal year's total revenue generated by Heartland Express. The default revenue input number comes from 2016 income statement of Heartland Express. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our HTLD stock valuation model: a) initial revenue growth rate of 22.1% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 4.3%, whose default value for HTLD is calculated based on our internal credit rating of Heartland Express, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Heartland Express.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of HTLD stock the variable cost ratio is equal to 75.5%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $66 million in the base year in the intrinsic value calculation for HTLD stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 3.5% for Heartland Express.

Corporate tax rate of 27% is the nominal tax rate for Heartland Express. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the HTLD stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for HTLD are equal to 73.7%.

Life of production assets of 5.2 years is the average useful life of capital assets used in Heartland Express operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for HTLD is equal to 1.1%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $506 million for Heartland Express - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 83.548 million for Heartland Express is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Heartland Express at the current share price and the inputted number of shares is $1.9 billion.

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COMPANY NEWS

▶ Inside US Truckload Carriers Valuations after 3Q17 Earnings   [Nov-30-17 07:31AM  Market Realist]
▶ Analyst Views of US Truckload Carriers after 3Q17 Earnings   [Nov-29-17 10:31AM  Market Realist]
▶ Heartland Express, Inc. Declares Regular Quarterly Dividend   [Nov-27-17 07:10PM  GlobeNewswire]
▶ Behind US Truckload Carriers 3Q17 Earnings   [10:31AM  Market Realist]
▶ US Truckload Carriers at the Top in 3Q17 Operating Margins   [Nov-24-17 05:15PM  Market Realist]
▶ Heartland Express misses Street 3Q forecasts   [Oct-27-17 10:04AM  Associated Press]
▶ Is Heartland Express Inc (HTLD) A Sell At Its Current Price?   [Oct-18-17 10:11AM  Simply Wall St.]
▶ Heartland Express Earns Technical Rating Upgrade   [Sep-18-17 03:00AM  Investor's Business Daily]
▶ Heartland Express, Inc. Declares Regular Quarterly Dividend   [Sep-12-17 06:07PM  GlobeNewswire]
▶ A Look at Truckload Carriers Capex in 2Q17   [Aug-29-17 10:37AM  Market Realist]
▶ Heartland Express misses 2Q profit forecasts   [Aug-02-17 09:41PM  Associated Press]
▶ Heartland Express Acquires Interstate Distributor Co.   [Jul-06-17 08:45AM  GlobeNewswire]
▶ Heartland Express, Inc. Declares Regular Quarterly Dividend   [Jun-12-17 06:08PM  GlobeNewswire]
▶ Heartland Express tops 1Q profit forecasts   [Apr-21-17 09:26AM  Associated Press]
▶ Heartland Express, Inc. Declares Regular Quarterly Dividend   [Mar-14-17 10:03AM  GlobeNewswire]
▶ Heartland Express beats 4Q profit forecasts   [Jan-26-17 04:46PM  Associated Press]
▶ Sell the Trump bump in these truck stocks now, analyst says   [Dec-16-16 03:47PM  at MarketWatch]
▶ Heartland Express, Inc. Declares Regular Quarterly Dividend   [Nov-21-16 05:44PM  GlobeNewswire]
▶ Heartland Express Inc. Earns Quest for Quality Award   [Aug-22-16 05:58PM  GlobeNewswire]
Financial statements of HTLD
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