Somewhat Positive News Coverage Somewhat Unlikely to Impact Heartland Express (HTLD) Stock Price
News headlines about Heartland Express (NASDAQ:HTLD) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Heartland Express earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned news headlines about the transportation company an impact score of 46.5667892526515 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
A number of research analysts have recently commented on the company. TheStreet lowered Heartland Express from a “b” rating to a “c” rating in a report on Friday, October 27th. UBS raised their price target on Heartland Express from $22.00 to $23.00 and gave the company a “neutral” rating in a report on Monday, October 30th. Robert W. Baird reissued a “hold” rating and set a $26.00 price target on shares of Heartland Express in a report on Friday, October 6th. Stifel Nicolaus raised Heartland Express from a “hold” rating to a “buy” rating and raised their price target for the company from $22.00 to $28.00 in a report on Friday, September 29th. Finally, Zacks Investment Research raised Heartland Express from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Monday, October 9th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $24.17.
Heartland Express (NASDAQ:HTLD) opened at $22.72 on Friday. The firm has a market capitalization of $1,888.47, a PE ratio of 37.78, a P/E/G ratio of 2.78 and a beta of 0.55. Heartland Express has a 12 month low of $18.71 and a 12 month high of $25.22.
Heartland Express (NASDAQ:HTLD) last issued its quarterly earnings results on Friday, October 27th. The transportation company reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.08). The company had revenue of $182.10 million during the quarter, compared to analysts’ expectations of $205.81 million. Heartland Express had a return on equity of 9.50% and a net margin of 8.54%. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 EPS. sell-side analysts anticipate that Heartland Express will post 0.54 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, December 12th will be given a dividend of $0.02 per share. The ex-dividend date is Monday, December 11th. This represents a $0.08 dividend on an annualized basis and a yield of 0.35%. Heartland Express’s payout ratio is presently 13.33%.
About Heartland Express
Heartland Express, Inc is a holding company. The Company is a short-to-medium haul truckload carrier. The Company focuses primarily on short- to medium-haul, asset-based dry van truckload services in regional markets near its terminals. The Company’s truckload services are primarily asset-based transportation services in the dry van truckload market, and it also offers truckload temperature-controlled transportation services and non-asset based brokerage services.
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