Heartland Express, Inc. Plans Quarterly Dividend of $0.02 (HTLD)

Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Tuesday, March 13th, RTT News reports. Stockholders 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 dividend yield of 0.41%.

Heartland Express (HTLD) opened at $19.41 on Wednesday. Heartland Express has a 52 week low of $18.71 and a 52 week high of $25.22. The stock has a market capitalization of $1,641.25, a price-to-earnings ratio of 38.63, a PEG ratio of 1.80 and a beta of 0.60.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Monday, February 12th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.04). Heartland Express had a net margin of 12.38% and a return on equity of 7.84%. The business had revenue of $165.00 million during the quarter, compared to the consensus estimate of $190.22 million. During the same quarter in the previous year, the business posted $0.16 EPS. The company’s revenue for the quarter was up 17.9% on a year-over-year basis. equities analysts expect that Heartland Express will post 0.73 earnings per share for the current year.

Several brokerages have recently issued reports on HTLD. ValuEngine lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Wednesday, March 7th. Morgan Stanley lifted their price target on Heartland Express from $15.00 to $16.00 and gave the company an “underweight” rating in a research note on Tuesday, February 20th. Zacks Investment Research lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. BidaskClub lowered Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Saturday, February 17th. Finally, Seaport Global Securities reiterated a “neutral” rating on shares of Heartland Express in a research note on Tuesday, February 13th. Six research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $23.14.

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Heartland Express Company Profile

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.

Dividend History for Heartland Express (NASDAQ:HTLD)

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