Marten Transport, Ltd (MRTN) Expected to Announce Quarterly Sales of $190.20 Million

Wall Street brokerages expect that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $190.20 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Marten Transport’s earnings. The highest sales estimate is $195.40 million and the lowest is $185.00 million. Marten Transport posted sales of $173.16 million during the same quarter last year, which would indicate a positive year over year growth rate of 9.8%. The business is expected to issue its next quarterly earnings report on Thursday, April 19th.

On average, analysts expect that Marten Transport will report full year sales of $190.20 million for the current fiscal year, with estimates ranging from $788.20 million to $819.70 million. For the next financial year, analysts expect that the firm will report sales of $869.55 million per share, with estimates ranging from $839.80 million to $899.30 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Marten Transport.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. The company had revenue of $182.70 million during the quarter, compared to analyst estimates of $177.55 million. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. Marten Transport’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share.

A number of brokerages have recently issued reports on MRTN. Stephens reissued a “buy” rating and set a $25.00 target price on shares of Marten Transport in a research note on Wednesday, January 10th. Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, January 26th. BidaskClub lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Finally, Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, January 31st. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $23.50.

In other news, Director Larry B. Hagness sold 12,000 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total transaction of $280,680.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 23.00% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the stock. Sei Investments Co. lifted its stake in Marten Transport by 109.8% in the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after acquiring an additional 3,244 shares during the period. Bogle Investment Management L P DE purchased a new stake in Marten Transport in the fourth quarter worth about $220,000. First Republic Investment Management Inc. purchased a new stake in Marten Transport in the third quarter worth about $229,000. Stevens Capital Management LP purchased a new stake in Marten Transport in the third quarter worth about $231,000. Finally, First Allied Advisory Services Inc. purchased a new stake in Marten Transport in the third quarter worth about $237,000. 68.60% of the stock is owned by institutional investors.

Shares of Marten Transport (MRTN) opened at $22.30 on Thursday. The stock has a market cap of $1,164.29, a price-to-earnings ratio of 13.26 and a beta of 1.38. Marten Transport has a one year low of $12.99 and a one year high of $29.60.

WARNING: “Marten Transport, Ltd (MRTN) Expected to Announce Quarterly Sales of $190.20 Million” was first reported by American Banking News and is the sole property of of American Banking News. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/15/marten-transport-ltd-mrtn-expected-to-announce-quarterly-sales-of-190-20-million.html.

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.

Get a free copy of the Zacks research report on Marten Transport (MRTN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply