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

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Wall Street brokerages forecast that Marten Transport, Ltd (NASDAQ:MRTN) will report $0.28 earnings per share (EPS) for the current quarter, according to Zacks. Three analysts have made estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.28 and the highest is $0.29. Marten Transport reported earnings of $0.29 per share in the same quarter last year, which indicates a negative year over year growth rate of 3.4%. The firm is expected to report 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 $1.10. For the next financial year, analysts expect that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.14 to $1.22. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, October 17th. The transportation company reported $0.30 earnings per share for the quarter, topping the Zacks’ 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 business had revenue of $214.97 million during the quarter, compared to analyst estimates of $208.10 million. During the same quarter in the previous year, the firm earned $0.28 EPS. Marten Transport’s revenue was up 7.7% on a year-over-year basis.

A number of brokerages have weighed in on MRTN. Stephens began coverage on Marten Transport in a research report on Monday, July 1st. They issued a “hold” rating for the company. KeyCorp raised Marten Transport from a “sector weight” rating to an “overweight” rating and set a $25.00 target price for the company in a research report on Monday, September 9th. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus set a $18.00 target price on Marten Transport and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Thursday, October 17th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.67.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virginia Retirement Systems ET AL boosted its position in shares of Marten Transport by 1.7% during the 3rd quarter. Virginia Retirement Systems ET AL now owns 47,566 shares of the transportation company’s stock valued at $988,000 after acquiring an additional 800 shares during the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Marten Transport by 1.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 144,240 shares of the transportation company’s stock valued at $2,997,000 after acquiring an additional 1,413 shares during the last quarter. Nisa Investment Advisors LLC boosted its position in shares of Marten Transport by 1,073.0% during the 3rd 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. Campbell & CO Investment Adviser LLC boosted its position in shares of Marten Transport by 17.2% during the 3rd quarter. Campbell & CO Investment Adviser LLC now owns 25,040 shares of the transportation company’s stock valued at $520,000 after acquiring an additional 3,682 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in shares of Marten Transport by 125.8% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,799 shares of the transportation company’s stock valued at $619,000 after acquiring an additional 16,601 shares during the last quarter. 69.28% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MRTN traded up $0.48 during mid-day trading on Tuesday, reaching $22.12. The company’s stock had a trading volume of 243,998 shares, compared to its average volume of 204,045. Marten Transport has a 12-month low of $15.39 and a 12-month high of $22.62. The firm’s fifty day moving average price is $20.88 and its two-hundred day moving average price is $19.41. The stock has a market cap of $1.18 billion, a P/E ratio of 22.12 and a beta of 1.49.

The firm also recently declared a None dividend, which was paid on Monday, September 30th. Stockholders of record on Monday, August 26th were given a dividend of $0.68 per share. The ex-dividend date was Friday, August 23rd. Marten Transport’s payout ratio is currently 12.00%.

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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