$0.27 Earnings Per Share Expected for Marten Transport, Ltd (MRTN) This Quarter

Equities analysts expect that Marten Transport, Ltd (NASDAQ:MRTN) will announce earnings of $0.27 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.28. Marten Transport posted earnings of $0.16 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 68.8%. The firm is scheduled to announce 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 forecast that the business will report 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 analysts that that provide coverage for Marten Transport.

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

MRTN has been the subject of a number of recent analyst reports. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a report on Tuesday, October 30th. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Stephens set a $22.00 target price on Marten Transport and gave the company a “hold” rating in a report on Wednesday, October 17th. Finally, ValuEngine cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $23.00.

A number of hedge funds have recently modified their holdings of MRTN. SG Americas Securities LLC acquired a new position in Marten Transport in the 2nd quarter valued at $304,000. Russell Investments Group Ltd. grew its stake in Marten Transport by 5.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 185,687 shares of the transportation company’s stock valued at $4,353,000 after buying an additional 9,792 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Marten Transport by 3.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 329,330 shares of the transportation company’s stock valued at $7,723,000 after buying an additional 11,710 shares during the last quarter. BlackRock Inc. grew its stake in Marten Transport by 5.5% in the 2nd quarter. BlackRock Inc. now owns 5,709,153 shares of the transportation company’s stock valued at $133,879,000 after buying an additional 297,592 shares during the last quarter. Finally, Legal & General Group Plc grew its stake in Marten Transport by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 76,625 shares of the transportation company’s stock valued at $1,787,000 after buying an additional 4,252 shares during the last quarter. 69.95% of the stock is currently owned by institutional investors.

Shares of Marten Transport stock opened at $17.71 on Monday. The company has a market cap of $951.47 million, a P/E ratio of 28.56 and a beta of 1.44. Marten Transport has a 52 week low of $15.39 and a 52 week high of $29.60.

The company also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Tuesday, December 18th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, December 17th. This represents a $0.10 annualized dividend and a yield of 0.56%. Marten Transport’s payout ratio is 16.13%.

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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