Equities analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to report $0.28 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Marten Transport’s earnings, with the highest EPS estimate coming in at $0.29 and the lowest estimate coming in at $0.28. 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 business is expected to announce its next earnings results on Thursday, January 23rd.
According to Zacks, 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 financial year, analysts forecast that the business will post earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.22. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that cover Marten Transport.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, October 17th. The transportation company reported $0.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.02. The firm had revenue of $214.97 million for the quarter, compared to the consensus estimate of $208.10 million. Marten Transport had a return on equity of 10.40% and a net margin of 7.36%. The firm’s revenue was up 7.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.28 earnings per share.
Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. KeyCorp upgraded Marten Transport from a “sector weight” rating to an “overweight” rating and set a $25.00 price objective for the company in a research report on Monday, September 9th. Finally, BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Thursday, November 21st. One 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’s stock. The stock has a consensus rating of “Hold” and an average target price of $21.67.
NASDAQ:MRTN traded up $0.09 on Friday, hitting $20.80. The stock had a trading volume of 142,804 shares, compared to its average volume of 195,051. The company has a fifty day moving average price of $21.70 and a two-hundred day moving average price of $19.88. Marten Transport has a 1-year low of $15.39 and a 1-year high of $22.80. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 20.80 and a beta of 1.44.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a $0.03 dividend. The ex-dividend date is Thursday, December 12th. This represents a $0.12 dividend on an annualized basis and a yield of 0.58%. Marten Transport’s payout ratio is currently 12.00%.
Hedge funds have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its position in shares of Marten Transport by 1,073.0% during the third quarter. Nisa Investment Advisors LLC now owns 5,466 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 5,000 shares during the last quarter. M&T Bank Corp purchased a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $193,000. Van Hulzen Asset Management LLC purchased a new stake in shares of Marten Transport in the 3rd quarter valued at approximately $227,000. WINTON GROUP Ltd purchased a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $211,000. Finally, Capital Fund Management S.A. lifted its holdings in shares of Marten Transport by 19.3% in the 2nd quarter. Capital Fund Management S.A. now owns 14,200 shares of the transportation company’s stock worth $258,000 after acquiring an additional 2,300 shares during the last quarter. 70.25% of the stock is owned by 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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