Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Tuesday, March 13th, RTT News reports. Shareholders of record on Friday, March 23rd will be paid a dividend of 0.02 per share by the transportation company on Monday, April 2nd. This represents a $0.08 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Thursday, March 22nd.
HTLD stock opened at $19.73 on Wednesday. Heartland Express has a fifty-two week low of $18.71 and a fifty-two week high of $25.22. The company has a market capitalization of $1,645.42, a price-to-earnings ratio of 21.78, a PEG ratio of 1.79 and a beta of 0.60.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The company had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The company’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 EPS. equities research analysts anticipate that Heartland Express will post 0.74 earnings per share for the current year.
Several brokerages have recently commented on HTLD. Zacks Investment Research raised Heartland Express from a “sell” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a research report on Wednesday, December 27th. TheStreet raised Heartland Express from a “c” rating to a “b-” rating in a report on Monday, February 12th. JPMorgan Chase & Co. reduced their price objective on Heartland Express from $24.00 to $22.00 and set an “underweight” rating for the company in a report on Wednesday, February 14th. Finally, Morgan Stanley raised their price target on Heartland Express from $15.00 to $16.00 and gave the stock an “underweight” rating in a report on Tuesday, February 20th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Heartland Express currently has a consensus rating of “Hold” and a consensus price target of $23.14.
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About Heartland Express
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.
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