Marten Transport, Ltd. to Post FY2017 Earnings of $0.65 Per Share, KeyCorp Forecasts (MRTN)
Marten Transport, Ltd. (NASDAQ:MRTN) – Analysts at KeyCorp boosted their FY2017 EPS estimates for Marten Transport in a note issued to investors on Thursday. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $0.65 for the year, up from their previous forecast of $0.60. KeyCorp also issued estimates for Marten Transport’s FY2018 earnings at $0.75 EPS.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, July 20th. The transportation company reported $0.17 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. The business had revenue of $171.51 million during the quarter, compared to analysts’ expectations of $176.08 million. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was first reported by American Banking News and is owned by of American Banking News. If you are reading this piece of content on another website, it was illegally copied and republished in violation of US and international copyright & trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/24/marten-transport-ltd-to-post-fy2017-earnings-of-0-65-per-share-keycorp-forecasts-mrtn.html.
Other analysts also recently issued reports about the stock. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Stifel Nicolaus boosted their price target on shares of Marten Transport from $13.20 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Finally, Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Thursday, April 13th.
Marten Transport (MRTN) opened at 16.55 on Monday. Marten Transport has a 12-month low of $11.22 and a 12-month high of $17.90. The company’s 50-day moving average is $16.23 and its 200 day moving average is $14.74. The stock has a market capitalization of $902.21 million, a PE ratio of 26.61 and a beta of 1.27.
Hedge funds have recently added to or reduced their stakes in the company. Bank of Montreal Can increased its stake in 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 period. PNC Financial Services Group Inc. increased its stake in 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 period. State of Alaska Department of Revenue increased its stake in 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 period. Mason Street Advisors LLC increased its stake in 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 period. Finally, Victory Capital Management Inc. increased its stake in 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 period. Institutional investors own 41.06% of the company’s stock.
In other Marten Transport news, Chairman Randolph L. Marten sold 50,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider John H. Turner sold 4,000 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $25.59, for a total transaction of $102,360.00. The disclosure for this sale can be found here. 23.00% of the stock is currently owned by insiders.
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. The ex-dividend date was Wednesday, June 14th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.36%. Marten Transport’s dividend payout ratio (DPR) is 9.58%.
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.
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