Marten Transport, Ltd (NASDAQ:MRTN) Expected to Post Earnings of $0.25 Per Share

Wall Street brokerages expect that Marten Transport, Ltd (NASDAQ:MRTN) will post $0.25 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Marten Transport’s earnings. Marten Transport also posted earnings of $0.25 per share in the same quarter last year. The business is scheduled to issue its next quarterly earnings report after the market closes on Thursday, April 16th.

According to Zacks, analysts expect that Marten Transport will report full year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.16. For the next financial year, analysts forecast that the business will report earnings of $1.26 per share, with EPS estimates ranging from $1.24 to $1.30. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 23rd. The transportation company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.28 by $0.01. The company had revenue of $217.20 million for the quarter, compared to the consensus estimate of $215.90 million. Marten Transport had a net margin of 7.24% and a return on equity of 10.31%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.29 EPS.

MRTN has been the subject of several research reports. BidaskClub cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, March 4th. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Thursday. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Marten Transport presently has a consensus rating of “Hold” and a consensus target price of $22.00.

In other Marten Transport news, Director Thomas J. Winkel sold 6,250 shares of the business’s stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $17.80, for a total value of $111,250.00. Following the completion of the sale, the director now directly owns 29,741 shares of the company’s stock, valued at approximately $529,389.80. The transaction was disclosed in a filing with the SEC, which is available through this link. 22.80% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Point72 Hong Kong Ltd purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $33,000. Pacitti Group Inc. purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $47,000. Meeder Asset Management Inc. lifted its position in shares of Marten Transport by 395.4% in the 4th quarter. Meeder Asset Management Inc. now owns 3,983 shares of the transportation company’s stock worth $86,000 after purchasing an additional 3,179 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Marten Transport in the 4th quarter worth approximately $107,000. Finally, M&T Bank Corp lifted its position in shares of Marten Transport by 33.0% in the 4th quarter. M&T Bank Corp now owns 16,465 shares of the transportation company’s stock worth $352,000 after purchasing an additional 4,089 shares during the period. 69.84% of the stock is owned by hedge funds and other institutional investors.

Marten Transport stock traded down $0.08 during trading hours on Monday, hitting $20.51. The company had a trading volume of 231,904 shares, compared to its average volume of 214,715. The firm has a market cap of $1.13 billion, a P/E ratio of 18.31 and a beta of 1.32. Marten Transport has a 1 year low of $16.01 and a 1 year high of $23.39. The company has a 50-day moving average price of $20.48 and a two-hundred day moving average price of $21.08.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 17th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.78%. This is a boost from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date is Monday, March 16th. Marten Transport’s payout ratio is 14.41%.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.

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