Wall Street brokerages forecast that Heartland Financial USA Inc (NASDAQ:HTLF) will announce $135.69 million in sales for the current quarter, according to Zacks. Three analysts have provided estimates for Heartland Financial USA’s earnings, with the lowest sales estimate coming in at $133.20 million and the highest estimate coming in at $138.00 million. Heartland Financial USA posted sales of $129.04 million during the same quarter last year, which suggests a positive year-over-year growth rate of 5.2%. The business is scheduled to announce its next earnings report after the market closes on Monday, July 29th.
According to Zacks, analysts expect that Heartland Financial USA will report full year sales of $544.47 million for the current fiscal year, with estimates ranging from $531.14 million to $556.40 million. For the next financial year, analysts anticipate that the company will post sales of $570.93 million, with estimates ranging from $551.98 million to $582.10 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Heartland Financial USA.
Heartland Financial USA (NASDAQ:HTLF) last announced its quarterly earnings results on Monday, April 29th. The bank reported $0.91 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.06). Heartland Financial USA had a return on equity of 9.57% and a net margin of 20.99%. The business had revenue of $129.70 million for the quarter, compared to analysts’ expectations of $131.55 million. During the same period last year, the firm earned $0.76 earnings per share. The firm’s quarterly revenue was up 3.0% on a year-over-year basis.
HTLF traded up $0.10 on Tuesday, hitting $44.10. 2,065 shares of the company traded hands, compared to its average volume of 131,581. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.82 and a quick ratio of 0.81. The stock’s 50 day moving average is $43.71. Heartland Financial USA has a 12-month low of $40.80 and a 12-month high of $61.95. The firm has a market cap of $1.51 billion, a PE ratio of 12.52, a PEG ratio of 1.16 and a beta of 0.95.
A number of hedge funds and other institutional investors have recently made changes to their positions in HTLF. Gradient Investments LLC acquired a new stake in Heartland Financial USA in the 2nd quarter valued at $29,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Heartland Financial USA during the first quarter valued at about $33,000. Pearl River Capital LLC grew its stake in shares of Heartland Financial USA by 187.8% during the first quarter. Pearl River Capital LLC now owns 964 shares of the bank’s stock valued at $42,000 after acquiring an additional 629 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Heartland Financial USA by 28.0% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,171 shares of the bank’s stock valued at $93,000 after acquiring an additional 475 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in shares of Heartland Financial USA during the first quarter valued at about $124,000. Hedge funds and other institutional investors own 53.55% of the company’s stock.
About Heartland Financial USA
Heartland Financial USA, Inc, a multi-bank holding company, provides commercial, small business, and consumer banking services to individuals and businesses in the United States. It accepts various deposit products, including checking and other demand deposit accounts, NOW accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, health savings accounts, and other time deposits.
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