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

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Heartland Express, Inc. (NASDAQ:HTLD) declared a quarterly dividend on Tuesday, September 10th, NASDAQ reports. Shareholders of record on Friday, September 20th will be given a dividend of 0.02 per share by the transportation company on Tuesday, October 1st. This represents a $0.08 annualized dividend and a yield of 0.36%. The ex-dividend date is Thursday, September 19th.

Heartland Express has a dividend payout ratio of 9.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Heartland Express to earn $0.91 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 8.8%.

Heartland Express stock traded down $0.14 during trading hours on Thursday, hitting $22.04. The stock had a trading volume of 3,496 shares, compared to its average volume of 387,481. The company has a 50-day moving average of $20.12 and a two-hundred day moving average of $19.44. The company has a market cap of $1.80 billion, a PE ratio of 25.04 and a beta of 0.77. Heartland Express has a fifty-two week low of $17.00 and a fifty-two week high of $22.29.

Heartland Express (NASDAQ:HTLD) last issued its earnings results on Thursday, July 18th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.24 by $0.03. Heartland Express had a return on equity of 13.01% and a net margin of 14.00%. The business had revenue of $142.14 million during the quarter, compared to analysts’ expectations of $144.93 million. During the same period in the prior year, the firm posted $0.22 EPS. Heartland Express’s quarterly revenue was down 8.8% compared to the same quarter last year. On average, equities analysts anticipate that Heartland Express will post 1 earnings per share for the current fiscal year.

HTLD has been the subject of a number of recent research reports. Seaport Global Securities raised Heartland Express from a “neutral” rating to a “buy” rating and set a $25.00 target price for the company in a report on Thursday, September 5th. Stephens initiated coverage on Heartland Express in a report on Monday, July 1st. They issued a “hold” rating for the company. Zacks Investment Research raised Heartland Express from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 23rd. BidaskClub raised Heartland Express from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Robert W. Baird set a $21.00 price target on Heartland Express and gave the company a “hold” rating in a report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.40.

Heartland Express Company Profile

Heartland Express, Inc, together with 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 truckload services.

See Also: Equity Income

Dividend History for Heartland Express (NASDAQ:HTLD)

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