Marten Transport (NASDAQ:MRTN) Posts Quarterly Earnings Results, Meets Expectations

Marten Transport (NASDAQ:MRTN) released its quarterly earnings data on Wednesday. The transportation company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05, Zacks reports. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. The business had revenue of $223.15 million for the quarter, compared to analyst estimates of $228.79 million.

Marten Transport Trading Down 3.4 %

NASDAQ MRTN opened at $12.83 on Thursday. The stock has a market cap of $1.05 billion, a P/E ratio of 37.74 and a beta of 1.01. The company’s fifty day simple moving average is $14.04 and its 200-day simple moving average is $15.57. Marten Transport has a 52 week low of $12.52 and a 52 week high of $19.26.

Marten Transport Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.87%. The ex-dividend date was Friday, March 14th. Marten Transport’s dividend payout ratio (DPR) is 70.59%.

Analyst Ratings Changes

Separately, Stephens increased their price objective on shares of Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 28th.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.