Heartland Express, Inc. (NASDAQ:HTLD) posted its quarterly earnings data on Friday. The transportation company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08), MarketWatch Earnings reports. The firm had revenue of $182.10 million for the quarter, compared to analysts’ expectations of $205.81 million. Heartland Express had a net margin of 9.89% and a return on equity of 10.60%. The company’s revenue for the quarter was up 22.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.15 EPS.
Heartland Express (NASDAQ HTLD) traded down 6.05% during mid-day trading on Friday, hitting $22.50. 1,301,669 shares of the stock were exchanged. The company has a market cap of $1.87 billion, a P/E ratio of 34.62 and a beta of 0.55. Heartland Express has a one year low of $17.94 and a one year high of $25.22. The company has a 50-day moving average price of $23.37 and a 200-day moving average price of $21.30.
The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Stockholders of record on Friday, September 22nd were given a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.36%. The ex-dividend date was Thursday, September 21st. Heartland Express’s payout ratio is currently 13.33%.
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A number of analysts have recently issued reports on HTLD shares. Robert W. Baird reiterated a “hold” rating and set a $24.00 price objective on shares of Heartland Express in a research note on Sunday, September 17th. BidaskClub lowered shares of Heartland Express from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 19th. J P Morgan Chase & Co lifted their price objective on shares of Heartland Express from $19.00 to $21.00 and gave the company an “underweight” rating in a research note on Thursday, October 12th. Morgan Stanley reiterated an “underweight” rating on shares of Heartland Express in a research note on Tuesday, July 11th. Finally, Zacks Investment Research lowered shares of Heartland Express from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $23.67.
In other news, EVP John P. Cosaert sold 7,146 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $22.54, for a total value of $161,070.84. Following the transaction, the executive vice president now directly owns 57,668 shares of the company’s stock, valued at approximately $1,299,836.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.10% of the stock is owned by insiders.
About Heartland Express
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.
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