Marten Transport (NASDAQ:MRTN) Issues Quarterly Earnings Results

Marten Transport (NASDAQ:MRTN) posted its quarterly earnings results on Tuesday. The transportation company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.02, FiscalAI reports. Marten Transport had a net margin of 1.97% and a return on equity of 2.27%. The business had revenue of $210.11 million during the quarter, compared to analyst estimates of $207.22 million. During the same period in the prior year, the business posted $0.07 earnings per share. The company’s revenue was down 8.8% on a year-over-year basis.

Marten Transport Price Performance

Shares of MRTN opened at $12.46 on Thursday. The business has a fifty day moving average of $11.62 and a 200 day moving average of $11.40. The company has a market cap of $1.02 billion, a PE ratio of 51.92 and a beta of 0.87. Marten Transport has a 52-week low of $9.35 and a 52-week high of $15.72.

Marten Transport Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 29th. Investors of record on Monday, December 15th were given a $0.06 dividend. The ex-dividend date was Monday, December 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.9%. Marten Transport’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analyst Weigh In

MRTN has been the topic of several recent research reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Marten Transport in a report on Monday, December 29th. Zacks Research downgraded shares of Marten Transport from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Two equities research analysts have rated the stock with a Sell rating, According to MarketBeat, Marten Transport currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Marten Transport

Several institutional investors have recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in Marten Transport by 128.4% during the 3rd quarter. Ameriprise Financial Inc. now owns 921,818 shares of the transportation company’s stock valued at $9,827,000 after purchasing an additional 518,280 shares during the last quarter. Qube Research & Technologies Ltd grew its stake in shares of Marten Transport by 2,296.2% during the third quarter. Qube Research & Technologies Ltd now owns 444,309 shares of the transportation company’s stock valued at $4,736,000 after buying an additional 425,767 shares during the last quarter. Two Sigma Investments LP raised its holdings in shares of Marten Transport by 93.3% in the third quarter. Two Sigma Investments LP now owns 589,469 shares of the transportation company’s stock worth $6,284,000 after buying an additional 284,452 shares during the period. Jump Financial LLC lifted its stake in shares of Marten Transport by 1,527.5% during the 3rd quarter. Jump Financial LLC now owns 237,125 shares of the transportation company’s stock worth $2,528,000 after acquiring an additional 222,555 shares during the last quarter. Finally, Numerai GP LLC purchased a new position in Marten Transport during the 3rd quarter valued at $1,412,000. 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.