NORTH LIBERTY, Iowa _ Heartland Express Inc. on Tuesday reported second-quarter net income of $23.3 million. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share. Heartland Express shares have decreased 26 percent since the beginning of the year.
Some of Tuesday's midday movers:
While many special dividends have already been paid, Street.com has compiled a small collection of deals.
Oct 12- Heartland Express Inc:. *Jefferies cuts Heartland Express price target to $13 from $14;. Reuters Station users, click. 1568.
Transport stocks have been down in the last two days, but the Dow Jones Transport Index is up almost 19 percent over the last year. How much more room is there for these stocks to grow? Lee Klaskow, senior transportation and logistics analyst at Longbow Research, says it is time to start buying on the dips.
Just a few short months ago, fuel prices were soaring through the roof, and trucking companies were worried about their survival. Now that fuel prices have plunged, trucking companies are thriving, right? Wrong, according to Lee Klaskow of Longbow Research.
Airline stocks are not the only ones thriving as oil prices continue to fall. Analyst Lee Klaskow of Longbow Research suggests it may be time for investors to climb back into the cabs of trucks.