Equities research analysts forecast that Marten Transport, Ltd. (NASDAQ:MRTN) will post $0.16 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Marten Transport posted earnings per share of $0.15 in the same quarter last year, which suggests a positive year over year growth rate of 6.7%. The company is expected to issue its next earnings results after the market closes on Thursday, January 25th.

According to Zacks, 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 $0.62. For the next year, analysts expect that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.01. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. The business had revenue of $170.70 million for the quarter, compared to analyst estimates of $169.67 million. During the same period in the prior year, the business posted $0.26 earnings per share. Marten Transport’s revenue was up .1% compared to the same quarter last year.

MRTN has been the topic of several analyst reports. Stephens reiterated a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a report on Wednesday. BidaskClub lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a report on Sunday, October 1st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $21.00.

Marten Transport (NASDAQ:MRTN) opened at $21.65 on Thursday. Marten Transport has a twelve month low of $12.81 and a twelve month high of $21.75. The firm has a market cap of $1,123.15, a P/E ratio of 35.49 and a beta of 1.34.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were issued a $0.025 dividend. The ex-dividend date was Thursday, December 21st. This represents a $0.10 annualized dividend and a yield of 0.46%. Marten Transport’s dividend payout ratio (DPR) is presently 16.39%.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Dalton Greiner Hartman Maher & Co. raised its holdings in Marten Transport by 26.7% in the fourth quarter. Dalton Greiner Hartman Maher & Co. now owns 202,858 shares of the transportation company’s stock worth $4,118,000 after purchasing an additional 42,748 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in Marten Transport by 66.7% in the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 70,571 shares of the transportation company’s stock worth $1,450,000 after purchasing an additional 28,228 shares during the period. GSA Capital Partners LLP raised its holdings in Marten Transport by 132.1% in the third quarter. GSA Capital Partners LLP now owns 35,258 shares of the transportation company’s stock worth $725,000 after purchasing an additional 20,065 shares during the period. Green Square Capital LLC raised its holdings in Marten Transport by 39.2% in the third quarter. Green Square Capital LLC now owns 21,185 shares of the transportation company’s stock worth $435,000 after purchasing an additional 5,969 shares during the period. Finally, California Public Employees Retirement System raised its holdings in Marten Transport by 61.2% in the third quarter. California Public Employees Retirement System now owns 107,666 shares of the transportation company’s stock worth $2,213,000 after purchasing an additional 40,866 shares during the period. Institutional investors own 68.40% of the company’s stock.

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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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Earnings History and Estimates for Marten Transport (NASDAQ:MRTN)

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