Marten Transport, Ltd. (NASDAQ:MRTN) announced its earnings results on Thursday. The transportation company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02, Briefing.com reports. Marten Transport had a return on equity of 7.74% and a net margin of 4.91%. The business had revenue of $171.51 million for the quarter, compared to analyst estimates of $176.08 million. During the same quarter last year, the firm earned $0.26 EPS. Marten Transport’s revenue for the quarter was up 3.3% compared to the same quarter last year.

Marten Transport (NASDAQ:MRTN) remained flat at $16.20 on Friday. The company had a trading volume of 61,798 shares. Marten Transport has a 1-year low of $11.22 and a 1-year high of $17.90. The stock has a market capitalization of $882.56 million, a PE ratio of 26.47 and a beta of 1.28. The firm’s 50 day moving average is $16.23 and its 200 day moving average is $14.74.

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Friday, June 16th were given a dividend of $0.015 per share. This represents a $0.06 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Wednesday, June 14th. Marten Transport’s dividend payout ratio (DPR) is 9.80%.

A number of equities research analysts recently issued reports on MRTN shares. Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th. Stifel Nicolaus boosted their price target on Marten Transport from $13.20 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Finally, ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $14.00.

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In other news, Chairman Randolph L. Marten sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider John H. Turner sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. The disclosure for this sale can be found here. 23.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of MRTN. Bank of Montreal Can increased its stake in shares of Marten Transport by 376.0% in the first quarter. Bank of Montreal Can now owns 4,355 shares of the transportation company’s stock worth $101,000 after buying an additional 3,440 shares during the last quarter. State of Alaska Department of Revenue increased its stake in shares of Marten Transport by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock worth $125,000 after buying an additional 2,020 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Marten Transport by 2.4% in the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock worth $111,000 after buying an additional 108 shares during the last quarter. Mason Street Advisors LLC increased its stake in shares of Marten Transport by 7.2% in the first quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock worth $127,000 after buying an additional 365 shares during the last quarter. Finally, Victory Capital Management Inc. increased its stake in shares of Marten Transport by 17.3% in the first quarter. Victory Capital Management Inc. now owns 9,104 shares of the transportation company’s stock worth $213,000 after buying an additional 1,342 shares during the last quarter. Institutional investors own 68.59% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

Earnings History for Marten Transport (NASDAQ:MRTN)

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