Heartland Express, Inc. (NASDAQ:HTLD - Get Free Report) declared a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Tuesday, September 23rd will be given a dividend of 0.02 per share by the transportation company on Friday, October 3rd. This represents a c) annualized dividend and a dividend yield of 0.9%.
Heartland Express has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Heartland Express to earn $0.77 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 10.4%.
Heartland Express Stock Up 2.7%
Shares of NASDAQ HTLD opened at $8.70 on Friday. The company has a current ratio of 0.95, a quick ratio of 0.95 and a debt-to-equity ratio of 0.23. The company has a 50-day moving average of $8.44 and a 200 day moving average of $8.73. Heartland Express has a 12-month low of $7.11 and a 12-month high of $12.85. The stock has a market cap of $673.06 million, a PE ratio of -18.85 and a beta of 1.09.
Heartland Express (NASDAQ:HTLD - Get Free Report) last posted its earnings results on Thursday, July 24th. The transportation company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.06). Heartland Express had a negative net margin of 3.85% and a negative return on equity of 4.42%. The company had revenue of $210.39 million during the quarter, compared to analyst estimates of $229.12 million. During the same quarter last year, the business posted ($0.04) EPS. The firm's revenue for the quarter was down 23.4% on a year-over-year basis. As a group, sell-side analysts predict that Heartland Express will post 0.17 EPS for the current fiscal year.
About Heartland Express
(
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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