Wall Street analysts expect Marten Transport, Ltd. (NASDAQ:MRTN) to report $0.15 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings, with the lowest EPS estimate coming in at $0.13 and the highest estimate coming in at $0.17. Marten Transport reported earnings of $0.16 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 6.3%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, October 19th.
On average, analysts expect that Marten Transport will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.61 to $0.65. For the next financial year, analysts anticipate that the company will post earnings of $0.74 per share, with EPS estimates ranging from $0.72 to $0.75. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. The business had revenue of $171.51 million for the quarter, compared to analysts’ expectations of $176.08 million. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.26 EPS.
Several analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Tuesday, October 3rd. BidaskClub upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus set a $15.00 price target on shares of Marten Transport and gave the company a “hold” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $19.00.
Shares of Marten Transport (NASDAQ:MRTN) traded down 0.25% on Wednesday, hitting $19.85. The stock had a trading volume of 15,480 shares. The company’s 50 day moving average is $18.39 and its 200 day moving average is $16.13. The stock has a market cap of $1.08 billion, a PE ratio of 31.91 and a beta of 1.32. Marten Transport has a one year low of $11.22 and a one year high of $21.15.
The company also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were given a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.10 dividend on an annualized basis and a yield of 0.50%. This is a positive change from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio (DPR) is 15.97%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in Marten Transport during the second quarter worth approximately $116,000. State of Alaska Department of Revenue boosted its position in Marten Transport by 78.9% during the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock worth $125,000 after acquiring an additional 2,020 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Marten Transport by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock worth $111,000 after acquiring an additional 108 shares during the last quarter. Mason Street Advisors LLC boosted its position in Marten Transport by 7.2% during the first quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock worth $127,000 after acquiring an additional 365 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Marten Transport by 60.4% during the second quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock worth $220,000 after acquiring an additional 3,017 shares during the last quarter. Hedge funds and other institutional investors own 42.36% of the company’s stock.
Marten Transport Company Profile
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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