Marten Transport (MRTN) to Release Quarterly Earnings on Wednesday
Marten Transport (NASDAQ:MRTN) will issue its quarterly earnings data on Wednesday, January 24th. Analysts expect the company to announce earnings of $0.15 per share for the quarter.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $170.70 million during the quarter, compared to analyst estimates of $169.67 million. During the same period in the previous year, the business earned $0.26 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Marten Transport (MRTN) opened at $21.75 on Wednesday. Marten Transport has a 1 year low of $12.81 and a 1 year high of $22.35. The stock has a market cap of $1,202.20, a price-to-earnings ratio of 35.66 and a beta of 1.34.
MRTN has been the subject of several research reports. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reiterated a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a research report on Sunday, October 1st. BidaskClub lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Saturday, January 6th. Finally, Stephens reiterated a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Marten Transport has a consensus rating of “Buy” and a consensus price target of $21.00.
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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