Jefferies Reiterates a 'Hold' on Heartland Express (HTLD); Operationally In-Line

Jefferies reiterates a 'Hold' on Heartland Express (NASDAQ: HTLD) price target raised $1 to $14.

Analyst, Peter Nesvold, said, "HTLD posted 1Q EPS of $0.19 vs. consensus of $0.17, although a lower-than-expected tax rate and higher-than-expected used equipment sales each contributed $0.01 to the bottom line result. We've raised our 2012 and 2013 top-line forecasts as HTLD has started to grow its fleet. Nevertheless, we see an air pocket for EPS in 2012, amid fewer equipment gains and higher tire prices." (Jefferies lowers FY13 from $0.88 to $0.87)

For an analyst ratings summary and ratings history on Heartland Express click here. For more ratings news on Heartland Express click here.

Shares of Heartland Express closed at $14.21 yesterday.

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