Brokerages Expect Marten Transport, Ltd. (MRTN) to Post $0.15 EPS
Equities analysts forecast that Marten Transport, Ltd. (NASDAQ:MRTN) will report earnings per share of $0.15 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Marten Transport’s earnings, with estimates ranging from $0.15 to $0.16. Marten Transport also reported earnings per share of $0.15 during the same quarter last year. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.
On average, analysts expect that Marten Transport will report full year earnings of $0.62 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.63. For the next year, analysts expect that the company will post earnings of $0.73 per share, with EPS estimates ranging from $0.70 to $0.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, October 19th. The transportation company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The company had revenue of $170.70 million during the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. Marten Transport’s revenue was up .1% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share.
A number of equities research analysts have weighed in on MRTN shares. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, September 7th. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price on shares of Marten Transport in a research note on Sunday, October 1st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Marten Transport has a consensus rating of “Hold” and a consensus price target of $19.00.
A number of institutional investors and hedge funds have recently made changes to their positions in MRTN. Goldman Sachs Group Inc. raised its stake in Marten Transport by 814.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 670,711 shares of the transportation company’s stock valued at $15,729,000 after buying an additional 597,393 shares during the last quarter. Granite Investment Partners LLC increased its stake in shares of Marten Transport by 71.2% in the 2nd quarter. Granite Investment Partners LLC now owns 795,922 shares of the transportation company’s stock worth $13,085,000 after purchasing an additional 331,098 shares in the last quarter. FMR LLC increased its stake in shares of Marten Transport by 228.5% in the 2nd quarter. FMR LLC now owns 443,408 shares of the transportation company’s stock worth $12,149,000 after purchasing an additional 308,408 shares in the last quarter. Nationwide Fund Advisors increased its stake in shares of Marten Transport by 72.7% in the 3rd quarter. Nationwide Fund Advisors now owns 583,228 shares of the transportation company’s stock worth $11,985,000 after purchasing an additional 245,604 shares in the last quarter. Finally, Pier Capital LLC purchased a new stake in shares of Marten Transport in the 2nd quarter worth $6,565,000. Institutional investors and hedge funds own 43.53% of the company’s stock.
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Shares of Marten Transport (NASDAQ MRTN) traded down 2.25% during mid-day trading on Monday, hitting $19.55. The company had a trading volume of 23,920 shares. Marten Transport has a 52 week low of $11.85 and a 52 week high of $21.15. The firm has a 50-day moving average price of $19.24 and a 200-day moving average price of $16.59. The firm has a market capitalization of $1.07 billion, a PE ratio of 31.43 and a beta of 1.32.
About Marten Transport
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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