Brokerages Anticipate Marten Transport, Ltd (MRTN) Will Announce Quarterly Sales of $208.87 Million

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Analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to report $208.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Marten Transport’s earnings. The lowest sales estimate is $205.10 million and the highest is $210.80 million. Marten Transport posted sales of $182.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The business is expected to report its next earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Marten Transport will report full year sales of $792.47 million for the current year, with estimates ranging from $788.70 million to $794.40 million. For the next financial year, analysts anticipate that the firm will report sales of $861.20 million, with estimates ranging from $844.10 million to $872.70 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.02. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The firm had revenue of $199.60 million for the quarter, compared to analyst estimates of $203.10 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 16.9% on a year-over-year basis.

Several equities analysts have weighed in on the company. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, July 20th. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Stifel Nicolaus raised Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research note on Wednesday, August 29th. They noted that the move was a valuation call. ValuEngine lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Finally, Stephens set a $22.00 target price on Marten Transport and gave the company a “hold” rating in a research note on Wednesday, October 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Marten Transport currently has a consensus rating of “Hold” and a consensus price target of $23.75.

Institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its holdings in shares of Marten Transport by 1,765.1% in the second quarter. Public Employees Retirement System of Ohio now owns 47,785 shares of the transportation company’s stock worth $1,121,000 after acquiring an additional 45,223 shares in the last quarter. FMR LLC increased its holdings in shares of Marten Transport by 5.3% in the second quarter. FMR LLC now owns 604,005 shares of the transportation company’s stock worth $14,164,000 after acquiring an additional 30,666 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Marten Transport by 147.7% in the second quarter. Citadel Advisors LLC now owns 118,889 shares of the transportation company’s stock worth $2,788,000 after acquiring an additional 70,892 shares in the last quarter. TD Asset Management Inc. bought a new stake in shares of Marten Transport in the second quarter worth about $929,000. Finally, Russell Investments Group Ltd. increased its holdings in shares of Marten Transport by 5.6% in the second quarter. Russell Investments Group Ltd. now owns 185,687 shares of the transportation company’s stock worth $4,353,000 after acquiring an additional 9,792 shares in the last quarter. Institutional investors own 71.25% of the company’s stock.

NASDAQ:MRTN opened at $19.79 on Wednesday. Marten Transport has a 1-year low of $18.07 and a 1-year high of $29.60. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 31.92 and a beta of 1.40.

About Marten Transport

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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