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

Heartland Express, Inc. (NASDAQ:HTLDGet Free Report) declared a quarterly dividend on Friday, June 14th, Zacks reports. Shareholders of record on Tuesday, June 25th will be paid a dividend of 0.02 per share by the transportation company on Friday, July 5th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Tuesday, June 25th.

Heartland Express has a payout ratio of 16.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Heartland Express to earn $0.56 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 14.3%.

Heartland Express Trading Up 0.8 %

Shares of HTLD opened at $11.86 on Monday. The company’s fifty day moving average is $11.15 and its two-hundred day moving average is $12.20. Heartland Express has a fifty-two week low of $9.63 and a fifty-two week high of $17.08. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.30.

Heartland Express (NASDAQ:HTLDGet Free Report) last issued its earnings results on Tuesday, April 23rd. The transportation company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.07). Heartland Express had a negative net margin of 1.13% and a negative return on equity of 1.50%. The business had revenue of $270.30 million during the quarter, compared to analysts’ expectations of $263.92 million. During the same period in the prior year, the business posted $0.16 EPS. The business’s revenue was down 18.3% on a year-over-year basis. Equities analysts predict that Heartland Express will post -0.13 EPS for the current fiscal year.

Insider Activity at Heartland Express

In related news, CEO Michael J. Gerdin acquired 31,200 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were purchased at an average cost of $9.97 per share, with a total value of $311,064.00. Following the completion of the transaction, the chief executive officer now owns 88,909 shares of the company’s stock, valued at approximately $886,422.73. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Heartland Express news, Director James G. Pratt bought 9,000 shares of the firm’s stock in a transaction on Wednesday, June 12th. The stock was bought at an average cost of $11.96 per share, with a total value of $107,640.00. Following the completion of the transaction, the director now directly owns 23,429 shares of the company’s stock, valued at approximately $280,210.84. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Michael J. Gerdin bought 31,200 shares of the firm’s stock in a transaction on Monday, April 29th. The stock was acquired at an average cost of $9.97 per share, with a total value of $311,064.00. Following the completion of the transaction, the chief executive officer now directly owns 88,909 shares of the company’s stock, valued at $886,422.73. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 405,490 shares of company stock valued at $4,237,451. Corporate insiders own 39.60% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Barclays dropped their price target on shares of Heartland Express from $11.00 to $10.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 30th. StockNews.com downgraded shares of Heartland Express from a “hold” rating to a “sell” rating in a report on Wednesday, April 24th. Finally, JPMorgan Chase & Co. cut their price target on shares of Heartland Express from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday, April 24th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $13.25.

Get Our Latest Report on Heartland Express

Heartland Express Company Profile

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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.

See Also

Dividend History for Heartland Express (NASDAQ:HTLD)

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