Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Wednesday, March 13th, Wall Street Journal reports. Investors of record on Friday, March 22nd will be paid a dividend of 0.02 per share by the transportation company on Monday, April 1st. This represents a $0.08 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, March 21st.
Heartland Express has a dividend payout ratio of 9.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Heartland Express to earn $0.99 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 8.1%.
Shares of NASDAQ:HTLD opened at $20.52 on Thursday. The stock has a market capitalization of $1.66 billion, a P/E ratio of 23.32, a PEG ratio of 1.42 and a beta of 0.76. Heartland Express has a 52 week low of $17.00 and a 52 week high of $21.66.
Heartland Express (NASDAQ:HTLD) last announced its quarterly earnings data on Tuesday, January 22nd. The transportation company reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. The firm had revenue of $147.00 million during the quarter, compared to the consensus estimate of $152.69 million. Heartland Express had a net margin of 11.90% and a return on equity of 12.23%. The firm’s revenue was down 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.07 earnings per share. Equities analysts forecast that Heartland Express will post 0.95 EPS for the current year.
HTLD has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. BidaskClub downgraded shares of Heartland Express from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Finally, Stephens restated a “hold” rating and issued a $21.00 price objective on shares of Heartland Express in a research report on Sunday, January 27th. One research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. Heartland Express has a consensus rating of “Hold” and an average price target of $19.33.
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Heartland Express Company Profile
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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