Q2 2018 EPS Estimates for Marten Transport, Ltd. Increased by Analyst (MRTN)
Marten Transport, Ltd. (NASDAQ:MRTN) – Seaport Global Securities boosted their Q2 2018 earnings per share (EPS) estimates for Marten Transport in a report released on Friday. Seaport Global Securities analyst R. Wood now anticipates that the transportation company will earn $0.19 per share for the quarter, up from their previous forecast of $0.18. Seaport Global Securities also issued estimates for Marten Transport’s Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.75 EPS, Q1 2019 earnings at $0.19 EPS, Q2 2019 earnings at $0.22 EPS, Q3 2019 earnings at $0.22 EPS and FY2019 earnings at $0.88 EPS.
A number of other equities analysts also recently issued reports on MRTN. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reissued a “hold” rating and set a $15.00 target price on shares of Marten Transport in a research report on Sunday, October 1st. Finally, BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $19.00.
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Shares of Marten Transport (NASDAQ:MRTN) opened at 19.15 on Monday. Marten Transport has a one year low of $11.70 and a one year high of $21.15. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of 30.79 and a beta of 1.32. The firm has a 50-day moving average of $19.04 and a 200 day moving average of $16.39.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Marten Transport had a return on equity of 7.52% and a net margin of 4.87%. The company had revenue of $170.70 million for the quarter, compared to analysts’ expectations of $169.67 million. During the same period last year, the firm earned $0.26 earnings per share. Marten Transport’s quarterly revenue was up .1% on a year-over-year basis.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were issued a $0.025 dividend. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. This is a boost from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio (DPR) is currently 16.39%.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Oppenheimer Asset Management Inc. purchased a new position in shares of Marten Transport in the first quarter worth $1,107,000. Royce & Associates LP raised its holdings in shares of Marten Transport by 20.5% in the second quarter. Royce & Associates LP now owns 153,125 shares of the transportation company’s stock worth $4,196,000 after buying an additional 26,100 shares during the last quarter. Pier Capital LLC purchased a new position in shares of Marten Transport in the second quarter worth $6,565,000. Bank of New York Mellon Corp raised its holdings in shares of Marten Transport by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 1,232,898 shares of the transportation company’s stock worth $33,782,000 after buying an additional 84,766 shares during the last quarter. Finally, Prudential Financial Inc. raised its holdings in shares of Marten Transport by 6.6% in the first quarter. Prudential Financial Inc. now owns 44,094 shares of the transportation company’s stock worth $1,034,000 after buying an additional 2,730 shares during the last quarter. 42.36% of the stock is owned by institutional investors and hedge funds.
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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