Zacks: Analysts Anticipate Marten Transport, Ltd (MRTN) Will Post Earnings of $0.27 Per Share

Analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will announce earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Marten Transport’s earnings, with the highest EPS estimate coming in at $0.28 and the lowest estimate coming in at $0.27. Marten Transport posted earnings of $0.16 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 68.8%. The business is scheduled to issue its next earnings results on Thursday, January 24th.

On average, analysts expect that Marten Transport will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.98 to $0.99. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.17 per share, with EPS estimates ranging from $1.11 to $1.25. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.02. The company had revenue of $199.60 million for the quarter, compared to analyst estimates of $203.10 million. Marten Transport had a net margin of 13.62% and a return on equity of 8.81%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 EPS.

Several research firms recently weighed in on MRTN. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Friday, October 19th. ValuEngine cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research report on Saturday, September 22nd. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, September 14th. Stifel Nicolaus raised shares of Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 target price for the company in a research report on Wednesday, August 29th. They noted that the move was a valuation call. Finally, Stephens set a $22.00 target price on shares of Marten Transport and gave the company a “hold” rating in a research report on Wednesday, October 17th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Marten Transport currently has an average rating of “Hold” and a consensus price target of $23.75.

Shares of NASDAQ MRTN traded down $0.42 during mid-day trading on Wednesday, hitting $19.06. The company’s stock had a trading volume of 11,960 shares, compared to its average volume of 137,668. The firm has a market capitalization of $1.06 billion, a PE ratio of 30.77 and a beta of 1.37. Marten Transport has a one year low of $18.07 and a one year high of $29.60.

Several institutional investors have recently made changes to their positions in MRTN. Victory Capital Management Inc. increased its holdings in Marten Transport by 4,804.6% in the 2nd quarter. Victory Capital Management Inc. now owns 1,034,321 shares of the transportation company’s stock worth $24,255,000 after acquiring an additional 1,013,232 shares during the last quarter. Clearbridge Investments LLC boosted its holdings in Marten Transport by 938,690.4% in the third quarter. Clearbridge Investments LLC now owns 685,317 shares of the transportation company’s stock worth $14,426,000 after acquiring an additional 685,244 shares in the last quarter. Morgan Stanley boosted its holdings in Marten Transport by 375.6% in the third quarter. Morgan Stanley now owns 694,419 shares of the transportation company’s stock worth $14,617,000 after acquiring an additional 548,425 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Marten Transport by 5.5% during the second quarter. BlackRock Inc. now owns 5,709,153 shares of the transportation company’s stock valued at $133,879,000 after purchasing an additional 297,592 shares in the last quarter. Finally, Intrinsic Edge Capital Management LLC lifted its holdings in shares of Marten Transport by 73.0% during the second quarter. Intrinsic Edge Capital Management LLC now owns 529,524 shares of the transportation company’s stock valued at $12,417,000 after purchasing an additional 223,487 shares in the last quarter. 69.97% of the stock is owned by institutional investors.

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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