Zacks: Brokerages Anticipate Marten Transport, Ltd. (MRTN) to Announce $0.16 EPS

Equities research analysts forecast that Marten Transport, Ltd. (NASDAQ:MRTN) will announce earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.16. Marten Transport posted earnings of $0.15 per share in the same quarter last year, which would suggest a positive year over year growth rate of 6.7%. The firm is expected to report its next earnings report after the market closes on Thursday, January 25th.

According to Zacks, analysts expect that Marten Transport will report full-year earnings of $0.62 per share for the current year, with EPS estimates ranging from $0.61 to $0.62. For the next financial year, analysts forecast that the firm will report earnings of $0.74 per share, with EPS estimates ranging from $0.70 to $0.80. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The business had revenue of $170.70 million for the quarter, compared to the consensus estimate of $169.67 million. Marten Transport had a net margin of 4.87% and a return on equity of 7.45%. Marten Transport’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm posted $0.26 earnings per share.

A number of equities research analysts recently weighed in on the stock. Stephens reaffirmed a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a research note on Wednesday. BidaskClub downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, January 6th. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 target price on shares of Marten Transport in a research note on Sunday, October 1st. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $21.00.

Shares of Marten Transport (NASDAQ MRTN) opened at $21.65 on Thursday. The firm has a market cap of $1,123.15, a P/E ratio of 35.49 and a beta of 1.34. Marten Transport has a one year low of $12.81 and a one year high of $21.75.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 22nd were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.46%. The ex-dividend date was Thursday, December 21st. Marten Transport’s dividend payout ratio (DPR) is presently 16.39%.

Hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Marten Transport during the second quarter worth approximately $116,000. Sei Investments Co. raised its stake in shares of Marten Transport by 109.8% during the third quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after acquiring an additional 3,244 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Marten Transport by 60.4% during the second quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock worth $220,000 after acquiring an additional 3,017 shares in the last quarter. First Republic Investment Management Inc. purchased a new position in shares of Marten Transport during the third quarter worth approximately $229,000. Finally, Stevens Capital Management LP purchased a new position in shares of Marten Transport during the third quarter worth approximately $231,000. 68.40% of the stock is currently owned by hedge funds and other institutional investors.

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About Marten Transport

Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.

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