Marten Transport, Ltd (NASDAQ:MRTN) Expected to Post Earnings of $0.28 Per Share

Analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to announce earnings per share (EPS) of $0.28 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Marten Transport’s earnings, with estimates ranging from $0.28 to $0.29. Marten Transport posted earnings per share of $0.29 during the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The firm is expected to report its next quarterly earnings report on Thursday, January 23rd.

On average, analysts expect that Marten Transport will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.11. For the next fiscal year, analysts forecast that the firm will report earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.22. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, October 17th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Marten Transport had a return on equity of 10.40% and a net margin of 7.36%. The firm had revenue of $214.97 million for the quarter, compared to the consensus estimate of $208.10 million. During the same quarter in the previous year, the company earned $0.28 EPS. The business’s revenue for the quarter was up 7.7% compared to the same quarter last year.

A number of research firms have recently issued reports on MRTN. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. KeyCorp raised shares of Marten Transport from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research note on Monday, September 9th. Finally, BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Thursday, November 21st. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $21.67.

Shares of MRTN traded up $0.11 during midday trading on Friday, hitting $20.91. The stock had a trading volume of 124,822 shares, compared to its average volume of 195,399. The business has a 50-day simple moving average of $21.70 and a two-hundred day simple moving average of $19.90. The firm has a market cap of $1.14 billion, a P/E ratio of 20.91 and a beta of 1.44. Marten Transport has a fifty-two week low of $15.39 and a fifty-two week high of $22.80.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Thursday, December 12th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.57%. Marten Transport’s dividend payout ratio is 12.00%.

A number of large investors have recently bought and sold shares of MRTN. Sawtooth Solutions LLC boosted its position in Marten Transport by 53.2% during the 2nd quarter. Sawtooth Solutions LLC now owns 22,352 shares of the transportation company’s stock worth $406,000 after acquiring an additional 7,766 shares during the period. First Trust Advisors LP increased its holdings in shares of Marten Transport by 98.4% in the 2nd quarter. First Trust Advisors LP now owns 136,213 shares of the transportation company’s stock valued at $2,472,000 after purchasing an additional 67,541 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Marten Transport by 5.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,433,302 shares of the transportation company’s stock valued at $26,012,000 after purchasing an additional 67,814 shares during the period. Jefferies Group LLC acquired a new position in shares of Marten Transport in the 2nd quarter valued at about $282,000. Finally, Russell Investments Group Ltd. lifted its position in shares of Marten Transport by 515.8% in the third quarter. Russell Investments Group Ltd. now owns 129,710 shares of the transportation company’s stock worth $2,696,000 after purchasing an additional 108,645 shares in the last quarter. 70.25% of the stock is currently owned by hedge funds and other institutional investors.

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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