Heartland Express, Inc., together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. It primarily provides nationwide asset-based dry van truckload service for shippers from Washington to Florida and New England to California; and temperature-controlled truckload services. The company offers its services under the Heartland Express and Millis Transfer brand names. It primarily serves retailers and manufacturers in consumer goods, appliances, food products, and automotive industries. The company was founded in 1978 and is headquartered in North Liberty, Iowa.
Heartland Express Stock Performance
Shares of NASDAQ:HTLD opened at $16.19 on Friday. The company has a 50 day simple moving average of $14.53 and a two-hundred day simple moving average of $14.26. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 9.25 and a beta of 0.55. The company has a current ratio of 2.34, a quick ratio of 3.46 and a debt-to-equity ratio of 0.04. Heartland Express has a 12 month low of $12.78 and a 12 month high of $17.88.
Heartland Express (NASDAQ:HTLD - Get Rating) last issued its earnings results on Monday, July 25th. The transportation company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.33 by $0.64. The firm had revenue of $187.20 million during the quarter, compared to analysts' expectations of $164.27 million. Heartland Express had a net margin of 21.64% and a return on equity of 18.49%. The firm's revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.26 earnings per share. As a group, analysts predict that Heartland Express will post 1.46 earnings per share for the current year.
Heartland Express Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, July 7th. Investors of record on Monday, June 27th were given a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend was Friday, June 24th. Heartland Express's dividend payout ratio is currently 4.57%.
Analysts Set New Price Targets
HTLD has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Heartland Express to $16.00 in a report on Tuesday, July 26th. StockNews.com lowered Heartland Express from a "buy" rating to a "hold" rating in a research note on Monday.