Heartland Express (NASDAQ:HTLD – Get 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 the consensus estimate of $263.92 million. Heartland Express had a negative return on equity of 1.49% and a negative net margin of 1.13%. The business’s revenue for the quarter was down 18.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.
Heartland Express Price Performance
Shares of HTLD opened at $10.33 on Thursday. Heartland Express has a 52-week low of $10.00 and a 52-week high of $17.08. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.37 and a quick ratio of 1.37. The business’s 50 day moving average price is $11.70 and its two-hundred day moving average price is $12.86.
Heartland Express Announces Dividend
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 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend was Monday, March 25th. Heartland Express’s dividend payout ratio (DPR) is presently -47.06%.
Insider Buying and Selling at Heartland Express
Wall Street Analysts Forecast Growth
HTLD has been the topic of several analyst reports. Morgan Stanley reduced their target price on Heartland Express from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Monday, February 12th. StockNews.com cut Heartland Express from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their target price on Heartland Express from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Barclays reduced their target price on Heartland Express from $12.00 to $11.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.
Check Out Our Latest Stock Report on Heartland Express
Heartland Express Company Profile
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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