Marten Transport, Ltd Forecasted to Earn FY2018 Earnings of $0.99 Per Share (MRTN)

Marten Transport, Ltd (NASDAQ:MRTN) – Investment analysts at Seaport Global Securities boosted their FY2018 EPS estimates for Marten Transport in a report issued on Wednesday, October 17th. Seaport Global Securities analyst K. Sterling now anticipates that the transportation company will earn $0.99 per share for the year, up from their previous estimate of $0.96.

Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Tuesday, October 16th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the Zacks’ 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 analysts’ expectations of $203.10 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 16.9% compared to the same quarter last year.

A number of other research analysts have also recently issued reports on the company. Stifel Nicolaus raised Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, Stephens set a $22.00 target price on shares of Marten Transport and gave the stock a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $23.75.

Shares of NASDAQ:MRTN opened at $19.28 on Thursday. Marten Transport has a 12-month low of $17.50 and a 12-month high of $29.60. The stock has a market cap of $1.06 billion, a PE ratio of 30.90 and a beta of 1.39.

Institutional investors and hedge funds have recently modified their holdings of the business. Citadel Advisors LLC lifted its holdings in 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 buying an additional 70,892 shares during the period. TD Asset Management Inc. purchased a new stake in Marten Transport in the second quarter worth about $929,000. Public Employees Retirement System of Ohio lifted its holdings in 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 buying an additional 45,223 shares during the period. Atria Investments LLC purchased a new stake in Marten Transport in the second quarter worth about $220,000. Finally, Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 9,792 shares during the period. Institutional investors and hedge funds own 71.06% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a dividend of $0.025 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.52%. Marten Transport’s dividend payout ratio is currently 16.13%.

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

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