Marten Transport, Ltd. (MRTN) Expected to Post Quarterly Sales of $174.50 Million

Equities analysts forecast that Marten Transport, Ltd. (NASDAQ:MRTN) will post $174.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for Marten Transport’s earnings, with the highest sales estimate coming in at $176.20 million and the lowest estimate coming in at $172.80 million. Marten Transport reported sales of $172.66 million during the same quarter last year, which would suggest a positive year over year growth rate of 1.1%. The business is expected to issue its next quarterly earnings results on Thursday, January 25th.

On average, analysts expect that Marten Transport will report full year sales of $174.50 million for the current fiscal year, with estimates ranging from $688.10 million to $691.60 million. For the next year, analysts anticipate that the business will report sales of $745.75 million per share, with estimates ranging from $743.90 million to $747.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Marten Transport.

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

A number of equities research analysts have weighed in on MRTN shares. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a report on Sunday, October 1st. Finally, BidaskClub downgraded Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, August 25th. 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 stock. Marten Transport currently has an average rating of “Hold” and a consensus target price of $19.00.

Institutional investors and hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Marten Transport in the 2nd quarter valued at $116,000. State of Alaska Department of Revenue lifted its stake in shares of Marten Transport by 78.9% in the 2nd quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after acquiring an additional 2,020 shares during the last quarter. Sei Investments Co. lifted its stake in shares of Marten Transport by 109.8% in the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 3,244 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of Marten Transport by 60.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock valued at $220,000 after acquiring an additional 3,017 shares during the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its stake in shares of Marten Transport by 66.4% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock valued at $239,000 after acquiring an additional 3,480 shares during the last quarter. Institutional investors own 68.45% of the company’s stock.

Shares of Marten Transport (NASDAQ:MRTN) traded down $0.05 during mid-day trading on Friday, hitting $20.05. The company’s stock had a trading volume of 176,739 shares, compared to its average volume of 190,795. The firm has a market cap of $1,100.00, a P/E ratio of 32.87 and a beta of 1.34. Marten Transport has a 52-week low of $12.81 and a 52-week high of $21.15.

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

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