Heartland Express (NASDAQ:HTLD) Issues Quarterly Earnings Results

Heartland Express (NASDAQ:HTLDGet Free Report) released its quarterly earnings results on Tuesday. The transportation company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.07), Briefing.com reports. The firm had revenue of $270.30 million for the quarter, compared to analysts’ expectations of $263.92 million. Heartland Express had a net margin of 1.22% and a return on equity of 1.71%. The business’s quarterly revenue was down 18.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.16 EPS.

Heartland Express Stock Performance

Shares of NASDAQ:HTLD traded down $0.13 during trading on Wednesday, hitting $10.30. The stock had a trading volume of 27,119 shares, compared to its average volume of 306,951. Heartland Express has a 12-month low of $10.00 and a 12-month high of $17.08. The stock has a market capitalization of $814.01 million, a price-to-earnings ratio of 56.94 and a beta of 0.62. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.34. The stock has a 50-day simple moving average of $11.75 and a two-hundred day simple moving average of $12.89.

Heartland Express Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Tuesday, March 26th were paid a $0.02 dividend. This represents a $0.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Monday, March 25th. Heartland Express’s dividend payout ratio (DPR) is presently 44.44%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HTLD shares. StockNews.com upgraded Heartland Express from a “sell” rating to a “hold” rating in a report on Monday, March 11th. Barclays dropped their target price on Heartland Express from $12.00 to $11.00 and set an “underweight” rating for the company in a report on Monday, April 1st. Morgan Stanley dropped their target price on Heartland Express from $15.00 to $14.00 and set an “equal weight” rating for the company in a report on Monday, February 12th. Finally, JPMorgan Chase & Co. dropped their target price on Heartland Express from $14.00 to $13.00 and set a “neutral” rating for the company in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $13.75.

View Our Latest Research Report on Heartland Express

Insider Transactions at Heartland Express

In related news, major shareholder Ann S. Gerdin Revocable Trust bought 14,933 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were purchased at an average cost of $12.39 per share, with a total value of $185,019.87. Following the completion of the acquisition, the insider now directly owns 159,865 shares in the company, valued at $1,980,727.35. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 39.80% of the company’s stock.

Heartland Express Company Profile

(Get Free Report)

Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium, and long-haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers; cross-border freight and other transportation services; and temperature-controlled truckload services.

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Earnings History for Heartland Express (NASDAQ:HTLD)

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