Marten Transport (MRTN) to Release Earnings on Tuesday
Marten Transport (NASDAQ:MRTN) is set to announce its Q313 earnings results on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $168.47 million for the quarter.
Marten Transport (NASDAQ:MRTN) last released its earnings data on Tuesday, July 16th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by $0.01. The company had revenue of $161.40 million for the quarter, compared to the consensus estimate of $167.31 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, analysts expect Marten Transport to post $0.92 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
Marten Transport (NASDAQ:MRTN) opened at 16.27 on Monday. Marten Transport has a one year low of $11.3667 and a one year high of $18.62. The stock has a 50-day moving average of $17.22 and a 200-day moving average of $15.98. The company has a market cap of $540.5 million and a price-to-earnings ratio of 18.69.
A number of analysts have recently weighed in on MRTN shares. Analysts at Sidoti initiated coverage on shares of Marten Transport in a research note to investors on Friday, September 20th. They set a “neutral” rating on the stock. On a related note, analysts at Wunderlich raised their price target on shares of Marten Transport from $15.50 to $19.00 in a research note to investors on Thursday, July 18th. Finally, analysts at Avondale Partners upgraded shares of Marten Transport from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, July 18th. They now have a $20.00 price target on the stock, up previously from $19.50. Three equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Marten Transport currently has an average rating of “Buy” and an average target price of $21.38.
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company specializes in transporting and distributing food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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