Heartland Expr Stock Price, News & Analysis

Heartland Express, Inc. (Nasdaq: HTLD) will participate in the virtual Baird 2021 Global Industrial Conference on November 9, 2021, at 9:40 AM ET. The company, based in North Liberty, Iowa, specializes in irregular route truckload carrier services across the United States, emphasizing medium to short haul regional freight. Heartland Express aims to provide industry-leading on-time service to help clients meet their shipping needs effectively. More information can be found on their website.

Heartland Express reported strong financial results for Q3 2021, with net income of $24.5 million and basic earnings per share (EPS) of $0.31. Total operating revenue reached $152.6 million, despite a slight decline from the previous year. The company maintained a cash balance of $180.4 million and a debt-free balance sheet. The operating ratio improved to 78.2%, marking the best result since 2013. A special dividend of $0.50 per share was paid on October 1, 2021, showcasing the company's commitment to shareholders.

Heartland Express (HTLD) announced a regular quarterly cash dividend of $0.02 per share and a special dividend of $0.50 per share, both payable on October 1, 2021. This marks the company's seventy-third consecutive quarterly dividend, totaling approximately $41.1 million for both dividends. Additionally, the Board authorized a share repurchase program for up to 3,000,000 shares, augmenting the remaining 3,745,000 shares from a prior authorization. Since 2003, HTLD has paid $534.9 million in cash dividends, which enhances shareholder value and demonstrates robust financial health.

Heartland Express reported strong financial results for Q2 2021, with a net income of $20.7 million and basic earnings per share of $0.26. Operating revenue reached $154.1 million, despite a decrease from $160.9 million in Q2 2020. The company maintained a debt-free status and increased cash reserves to $167.2 million. Key operational metrics improved, achieving an operating ratio of 82.3%, a significant drop from 84.5% in Q2 2020. Total assets were reported at $957.0 million, highlighting strong financial health.

The Board of Directors of Heartland Express (HTLD) declared a quarterly cash dividend of $0.02 per share, to be paid on July 1, 2021. Shareholders of record by June 21, 2021 will receive this payment, totaling approximately $1.6 million based on the company's 80 million shares outstanding. This marks the 72nd consecutive quarterly dividend, bringing total cash dividends paid to $493.6 million since the program began in 2003.

Heartland Express (HTLD) will participate in the 2021 KeyBanc Industrials & Basic Materials Conference on June 4, 2021, and the 2021 UBS Global Industrials and Transportation Conference on June 8, 2021, at 11:00 AM ET. The company specializes in medium to short haul regional freight across the U.S., known for its on-time service. Forward-looking statements discussed in the press release reflect management's beliefs and strategies but are subject to risks that may cause actual results to differ. More details can be found on Heartland's website.

Heartland Express reported Q1 2021 financial results with net income of $13.7 million and EPS of $0.17. Operating revenue was $152.4 million, a decrease from $166.3 million in Q1 2020, influenced by severe weather disruptions. Operating income increased by 5.5% to $18.3 million. The operating ratio improved to 88.0% compared to 89.6% in the prior year. Cash balances reached $148.2 million. The company declared a $0.02 dividend and repurchased 768,801 shares for $14.5 million. Total assets were $949.4 million.