KeyCorp Comments on Marten Transport, Ltd.’s FY2018 Earnings (MRTN)
Marten Transport, Ltd. (NASDAQ:MRTN) – Investment analysts at KeyCorp decreased their FY2018 earnings per share estimates for shares of Marten Transport in a research note issued to investors on Thursday. KeyCorp analyst T. Fowler now anticipates that the transportation company will earn $0.70 per share for the year, down from their previous estimate of $0.75.
A number of other research analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, September 7th. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 price target on shares of Marten Transport in a research report on Sunday, October 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $19.00.
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Shares of Marten Transport (MRTN) opened at 19.15 on Monday. The firm has a market capitalization of $1.04 billion, a P/E ratio of 30.79 and a beta of 1.32. Marten Transport has a 52-week low of $11.70 and a 52-week high of $21.15. The company’s 50-day moving average is $19.04 and its 200 day moving average is $16.39.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. Marten Transport had a net margin of 4.87% and a return on equity of 7.52%. The company had revenue of $170.70 million for the quarter, compared to the consensus estimate of $169.67 million. During the same period last year, the company posted $0.26 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio is 16.39%.
Several large investors have recently added to or reduced their stakes in MRTN. Wells Fargo & Company MN boosted its stake in shares of Marten Transport by 24.8% during the first quarter. Wells Fargo & Company MN now owns 23,707 shares of the transportation company’s stock valued at $556,000 after purchasing an additional 4,710 shares during the period. Comerica Bank boosted its stake in shares of Marten Transport by 4.5% during the first quarter. Comerica Bank now owns 25,565 shares of the transportation company’s stock valued at $639,000 after purchasing an additional 1,095 shares during the period. Karp Capital Management Corp purchased a new stake in shares of Marten Transport during the first quarter valued at approximately $493,000. Ameriprise Financial Inc. boosted its stake in shares of Marten Transport by 22.9% during the first quarter. Ameriprise Financial Inc. now owns 146,835 shares of the transportation company’s stock valued at $3,443,000 after purchasing an additional 27,375 shares during the period. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of Marten Transport by 14.1% during the first quarter. Parametric Portfolio Associates LLC now owns 67,686 shares of the transportation company’s stock valued at $1,587,000 after purchasing an additional 8,348 shares during the period. 42.36% of the stock is owned by hedge funds and other institutional investors.
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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