• ITVI.USA
    13,809.570
    -6.010
    0%
  • OTRI.USA
    21.480
    0.000
    0%
  • OTVI.USA
    13,784.050
    -7.950
    -0.1%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
  • ITVI.USA
    13,809.570
    -6.010
    0%
  • OTRI.USA
    21.480
    0.000
    0%
  • OTVI.USA
    13,784.050
    -7.950
    -0.1%
  • TLT.USA
    2.810
    0.000
    0%
  • TSTOPVRPM.ATLPHL
    2.480
    -0.170
    -6.4%
  • TSTOPVRPM.CHIATL
    3.070
    -0.210
    -6.4%
  • TSTOPVRPM.DALLAX
    1.370
    -0.090
    -6.2%
  • TSTOPVRPM.LAXDAL
    2.280
    -0.210
    -8.4%
  • TSTOPVRPM.PHLCHI
    1.900
    -0.070
    -3.6%
  • TSTOPVRPM.LAXSEA
    2.720
    -0.270
    -9%
  • WAIT.USA
    127.000
    0.000
    0%
American ShipperShipping

Heartland Express revenues fall 16% in Q1

The trucking company increased earnings per share 25% year-over-year, but still fell short of analyst estimates, according to investment advisor Stifel.

   Operating revenues the trucking company Heartland Express decreased 16 percent to $188 million in the first quarter of 2015 compared with the first quarter of 2014, according to a statement from industry investment advisory firm Stifel.  Excluding fuel surcharges, revenues only decreased 10 percent year-over-year to $161 million in Q1 2015. 
   Stifel said it expects volumes were down 13-15 percent for the quarter, with revenue yield likely up 3-5 percent compared with Q1 2014.
   Heartland Express reported earnings per share of $0.20, a 25 percent increase from the same period the previous year, but still $0.01 below Stifel’s EPS estimate and $0.02 below Wall Street consensus.
   “Unfortunately, despite many attempts to better gauge depreciation rates, the company continues to over-depreciate its equipment and understate its operating income before gain on sale,” said Stifel.
   Heartland’s balance sheet remains strong, however, and “the company now finds itself in a strong position to continue its aggressive fleet upgrade program, to opportunistically buy its common shares on the open market, and/or to increase its regular dividend or to pay another special dividend,” Stifel added.