Heartland Express, Inc. (HTLD) To Go Ex-Dividend on March 22nd
Heartland Express, Inc. (NASDAQ:HTLD) announced a quarterly dividend on Tuesday, March 14th. Investors of record on Friday, March 24th will be paid a dividend of 0.02 per share on Monday, April 3rd. This represents a $0.08 annualized dividend and a yield of 0.40%. The ex-dividend date is Wednesday, March 22nd.
Shares of Heartland Express (NASDAQ:HTLD) opened at 20.13 on Tuesday. The stock has a market capitalization of $1.68 billion, a P/E ratio of 29.73 and a beta of 0.41. The company’s 50-day moving average is $20.45 and its 200 day moving average is $20.03. Heartland Express has a 52 week low of $16.55 and a 52 week high of $22.69.
Heartland Express (NASDAQ:HTLD) last released its quarterly earnings results on Thursday, January 26th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Heartland Express had a net margin of 9.20% and a return on equity of 11.56%. The company had revenue of $140 million for the quarter, compared to analysts’ expectations of $152.24 million. During the same period last year, the company earned $0.20 EPS. The firm’s revenue for the quarter was down 19.8% compared to the same quarter last year. On average, equities analysts forecast that Heartland Express will post $0.68 EPS for the current fiscal year.
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In related news, Director Larry J. Gordon sold 95,386 shares of the firm’s stock in a transaction that occurred on Wednesday, February 8th. The shares were sold at an average price of $20.01, for a total value of $1,908,673.86. Following the sale, the director now directly owns 381,547 shares of the company’s stock, valued at $7,634,755.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 45.30% of the stock is currently owned by company insiders.
Several research firms have issued reports on HTLD. Seaport Global Securities began coverage on shares of Heartland Express in a research note on Friday, December 16th. They set a “neutral” rating on the stock. Stifel Nicolaus cut shares of Heartland Express from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. They noted that the move was a valuation call. Finally, Zacks Investment Research raised shares of Heartland Express from a “sell” rating to a “hold” rating in a research note on Monday, December 19th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.62.
Heartland Express Company Profile
Heartland Express, Inc (Heartland) is a holding company. The Company owns all of the stock of Heartland Express Inc of Iowa, Gordon Trucking, Inc, Heartland Express Services, Inc, Heartland Express Maintenance Services, Inc and A & M Express, Inc It provides transportation services to shippers spanning from Washington to Florida and New England to California, as well as parts of Canada.
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