Marten Transport (NASDAQ:MRTN) posted its earnings results on Thursday. The transportation company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02, Briefing.com reports. Marten Transport had a return on equity of 10.61% and a net margin of 7.44%. The business had revenue of $216.01 million for the quarter, compared to analysts’ expectations of $223.03 million. During the same quarter in the previous year, the firm earned $0.30 earnings per share. The business’s revenue was up .5% compared to the same quarter last year.
Shares of Marten Transport stock opened at $18.02 on Friday. Marten Transport has a 1 year low of $10.67 and a 1 year high of $20.13. The company has a market capitalization of $1.49 billion, a P/E ratio of 23.10 and a beta of 0.97. The business has a 50 day moving average price of $17.26 and a 200 day moving average price of $16.65.
In related news, President Timothy M. Kohl sold 25,000 shares of Marten Transport stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $18.55, for a total transaction of $463,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.80% of the company’s stock.
MRTN has been the topic of a number of research analyst reports. KeyCorp cut their target price on Marten Transport from $31.00 to $21.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 2nd. BidaskClub cut Marten Transport from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Finally, Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a research report on Wednesday, October 7th. One equities research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $18.17.
Marten Transport Company Profile
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment.
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