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

Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Monday, November 19th, RTT News reports. Shareholders of record on Tuesday, December 4th will be paid a dividend of 0.02 per share by the transportation company on Friday, December 14th. This represents a $0.08 dividend on an annualized basis and a yield of 0.40%.

Heartland Express has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Heartland Express to earn $0.94 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 8.5%.

NASDAQ HTLD traded up $0.12 on Monday, reaching $20.11. 26,680 shares of the stock traded hands, compared to its average volume of 381,546. The firm has a market cap of $1.64 billion, a P/E ratio of 39.58, a PEG ratio of 1.60 and a beta of 0.60. Heartland Express has a 12 month low of $17.38 and a 12 month high of $23.89.

Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Wednesday, October 17th. The transportation company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.02. The firm had revenue of $151.30 million during the quarter, compared to analyst estimates of $162.80 million. Heartland Express had a return on equity of 9.60% and a net margin of 14.11%. The firm’s quarterly revenue was down 16.9% on a year-over-year basis. During the same period last year, the company posted $0.10 EPS. On average, analysts predict that Heartland Express will post 0.83 EPS for the current year.

In other news, Director Larry J. Gordon sold 29,054 shares of the firm’s stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $21.00, for a total transaction of $610,134.00. Following the completion of the sale, the director now directly owns 352,493 shares of the company’s stock, valued at approximately $7,402,353. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry J. Gordon sold 4,390 shares of the firm’s stock in a transaction on Friday, September 14th. The stock was sold at an average price of $21.03, for a total value of $92,321.70. Following the sale, the director now directly owns 348,103 shares of the company’s stock, valued at $7,320,606.09. The disclosure for this sale can be found here. Company insiders own 42.10% of the company’s stock.

A number of equities analysts have issued reports on HTLD shares. Morgan Stanley increased their price target on Heartland Express from $14.00 to $15.00 and gave the company an “underweight” rating in a research note on Monday, July 23rd. BidaskClub lowered Heartland Express from a “sell” rating to a “strong sell” rating in a research note on Thursday, October 4th. Deutsche Bank decreased their price target on Heartland Express from $19.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, September 27th. Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Wednesday, August 22nd. Finally, ValuEngine lowered Heartland Express from a “hold” rating to a “sell” rating in a research note on Saturday, September 22nd. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.43.

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About Heartland Express

Heartland Express, Inc, through its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled transportation services.

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Dividend History for Heartland Express (NASDAQ:HTLD)

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