Heartland Express operates as a short-to-medium haul truckload carrier of general commodities in the United States and Canada. The company was founded in 1978 and is based in North Liberty, Iowa.
HTLD Price Forecast Based on DCF Valuation
DCF Fair Value Target:
The table below illustrates the output of a discounted cash flow forecast using a variety of scenarios for Heartland Express Inc. To summarize, we found that Heartland Express Inc ranked in the 17th percentile in terms of potential gain offered. We should note, though, that the most conservative analysis suggests this stock will yield negative results -- and thus may be a potential short opportunity. The most interesting components of our discounted cash flow analysis for Heartland Express Inc ended up being:
Its compound free cash flow growth rate, as measured over the past 5.43 years, is -0.02% -- higher than merely 22.29% of stocks in our DCF forecasting set.
HTLD's estimated cost of debt, based largely on its market capitalization and its interest coverage ratio, is 2%; for context, that number is higher than 59.78% of tickers in our DCF set.
Relative to other stocks in its sector (Industrials), Heartland Express Inc has a reliance on debt greater than just 0% of them.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Industrials that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as HTLD, try TEX, ACM, DESP, FDX, and RTX.
Heartland Express (HTLD) announces an agreement subject to which an underwriter has agreed to purchase 3,260,870 shares of Company's common stock from a selling stockholder, at $20.50/share.Underwriters' over-allotment is an additional 489,130 shares.Heartland will not receive any proceeds from the offering.Previously: Heartland Express founding family to sell sizable stake (July 21)...
NORTH LIBERTY, Iowa, July 21, 2020 (GLOBE NEWSWIRE) -- Heartland Express, Inc. (“Heartland”) (NASDAQ: HTLD) today announced an agreement pursuant to which an underwriter has agreed to purchase 3,260,870 shares of Heartland’s common stock from a selling stockholder, which will be offered to the public at a price per share of $20.50. In addition, the underwriter has a 30-day option to purchase up to an additional 489,130 shares of common stock from the selling stockholder. Heartland will not receive any proceeds from the offering. Morgan Stanley is the underwriter for the offering. The shares are being offered pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission (the “Commission”). The offering is being made only by means of a prospectu...