Marten Transport, Ltd. (MRTN) Set to Announce Earnings on Wednesday
Marten Transport, Ltd. (NASDAQ:MRTN) will be releasing its earnings data on Wednesday, October 18th. Analysts expect Marten Transport to post earnings of $0.15 per share for the quarter.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $171.51 million during the quarter, compared to the consensus estimate of $176.08 million. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. Marten Transport’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.26 EPS. On average, analysts expect Marten Transport to post $0.63 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Shares of Marten Transport, Ltd. (MRTN) opened at 19.90 on Wednesday. The firm has a market cap of $1.08 billion, a P/E ratio of 31.99 and a beta of 1.32. The firm’s 50-day moving average price is $18.39 and its 200 day moving average price is $16.13. Marten Transport, Ltd. has a 12-month low of $11.22 and a 12-month high of $21.15.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were issued a $0.025 dividend. This is a boost from Marten Transport’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.10 annualized dividend and a yield of 0.50%. Marten Transport’s dividend payout ratio (DPR) is currently 15.97%.
Several research firms recently issued reports on MRTN. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 price target on shares of Marten Transport in a report on Sunday, October 1st. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Tuesday, October 3rd. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $19.00.
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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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