Heartland Express (NASDAQ:HTLD) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Heartland Express (NASDAQ:HTLD) posted its quarterly earnings data on Thursday. The transportation company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03, Briefing.com reports. Heartland Express had a return on equity of 13.22% and a net margin of 14.00%. The company had revenue of $142.14 million for the quarter, compared to analysts’ expectations of $144.93 million. During the same period in the previous year, the firm posted $0.22 EPS. Heartland Express’s revenue was down 8.8% compared to the same quarter last year.
Shares of Heartland Express stock opened at $19.93 on Friday. The firm has a market cap of $1.61 billion, a PE ratio of 20.10 and a beta of 0.76. The business’s 50 day moving average is $18.34. Heartland Express has a 1-year low of $17.00 and a 1-year high of $21.66.
The business also recently announced a quarterly dividend, which was paid on Monday, July 1st. Stockholders of record on Friday, June 21st were issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a dividend yield of 0.40%. The ex-dividend date of this dividend was Thursday, June 20th. Heartland Express’s dividend payout ratio is currently 9.09%.
About Heartland Express
Heartland Express, Inc, together with its subsidiaries, operates as a short-to-medium haul truckload carrier in the United States and Canada. The company 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.
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