Marten Transport (NASDAQ:MRTN) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, October 16th. Analysts expect Marten Transport to post earnings of $0.25 per share for the quarter.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Friday, July 20th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The company had revenue of $197.00 million during the quarter, compared to analyst estimates of $193.90 million. Marten Transport had a net margin of 13.15% and a return on equity of 7.82%. Marten Transport’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $0.17 EPS. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of Marten Transport stock opened at $19.26 on Friday. The stock has a market capitalization of $1.15 billion, a P/E ratio of 31.06 and a beta of 1.39. Marten Transport has a 1 year low of $17.50 and a 1 year high of $29.60.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid 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 yield of 0.52%. Marten Transport’s dividend payout ratio is currently 16.13%.
A number of research firms have weighed in on MRTN. Stifel Nicolaus lowered shares of Marten Transport from a “hold” rating to a “sell” rating and set a $20.00 price objective for the company. in a research note on Tuesday, July 10th. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, July 20th. BidaskClub lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Finally, ValuEngine lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $25.50.
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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