Marten Transport (NASDAQ:MRTN) Issues Earnings Results, Misses Expectations By $0.02 EPS

Marten Transport (NASDAQ:MRTN) released its quarterly earnings results on Thursday. The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02), FiscalAI reports. The company had revenue of $203.53 million during the quarter, compared to the consensus estimate of $207.20 million. Marten Transport had a net margin of 1.97% and a return on equity of 2.27%.

Marten Transport Price Performance

MRTN stock traded up $0.08 during trading on Thursday, hitting $14.83. 976,695 shares of the stock traded hands, compared to its average volume of 835,869. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 67.41 and a beta of 0.82. Marten Transport has a 1 year low of $9.35 and a 1 year high of $15.42. The firm’s 50 day moving average is $13.27 and its two-hundred day moving average is $11.99.

Marten Transport Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Marten Transport’s dividend payout ratio is 109.09%.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Zacks Research raised shares of Marten Transport from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. Wall Street Zen upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Stephens lowered Marten Transport from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Robert W. Baird upgraded Marten Transport to a “strong-buy” rating in a research note on Wednesday, April 1st. Finally, Weiss Ratings upgraded Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Marten Transport presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Marten Transport

Institutional investors and hedge funds have recently made changes to their positions in the company. Global Retirement Partners LLC lifted its position in Marten Transport by 2,083.8% in the 4th quarter. Global Retirement Partners LLC now owns 2,555 shares of the transportation company’s stock valued at $29,000 after acquiring an additional 2,438 shares in the last quarter. CIBC Private Wealth Group LLC purchased a new position in shares of Marten Transport in the third quarter worth $40,000. Tower Research Capital LLC TRC raised its stake in shares of Marten Transport by 378.7% in the second quarter. Tower Research Capital LLC TRC now owns 5,610 shares of the transportation company’s stock worth $73,000 after purchasing an additional 4,438 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Marten Transport during the second quarter valued at $96,000. Finally, Quadrant Capital Group LLC boosted its position in shares of Marten Transport by 562.8% during the fourth quarter. Quadrant Capital Group LLC now owns 9,067 shares of the transportation company’s stock valued at $103,000 after buying an additional 7,699 shares during the last quarter. Institutional investors own 69.12% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.