Marten Transport, Ltd. (NASDAQ:MRTN) Expected to Post Earnings of $0.26 Per Share

Analysts expect Marten Transport, Ltd. (NASDAQ:MRTNGet Rating) to report $0.26 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have issued estimates for Marten Transport’s earnings. Marten Transport reported earnings per share of $0.22 in the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Marten Transport will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.20. For the next fiscal year, analysts expect that the business will report earnings of $1.22 per share, with EPS estimates ranging from $1.20 to $1.25. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTNGet Rating) last issued its quarterly earnings results on Tuesday, January 25th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.03. Marten Transport had a return on equity of 13.29% and a net margin of 8.77%. The firm had revenue of $266.88 million for the quarter, compared to analyst estimates of $263.20 million. During the same period last year, the company earned $0.24 EPS. The firm’s quarterly revenue was up 17.4% on a year-over-year basis.

MRTN has been the topic of a number of research reports. StockNews.com initiated coverage on Marten Transport in a report on Thursday, March 31st. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th. Finally, Stephens raised their price objective on Marten Transport from $21.00 to $22.00 in a report on Friday, April 1st.

In other Marten Transport news, Director Robert L. Demorest sold 10,313 shares of Marten Transport stock in a transaction that occurred on Wednesday, February 23rd. The stock was sold at an average price of $16.96, for a total transaction of $174,908.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John H. Turner sold 9,661 shares of Marten Transport stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of $18.09, for a total value of $174,767.49. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,324 shares of company stock worth $526,179. Company insiders own 22.50% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. purchased a new stake in Marten Transport during the 4th quarter worth approximately $43,000. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Marten Transport by 24.1% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 3,289 shares of the transportation company’s stock worth $56,000 after purchasing an additional 639 shares during the last quarter. Pinebridge Investments L.P. purchased a new stake in Marten Transport during the 4th quarter worth approximately $84,000. Vaughan Nelson Investment Management L.P. purchased a new stake in Marten Transport during the 3rd quarter worth approximately $86,000. Finally, CWM LLC purchased a new stake in Marten Transport during the 4th quarter worth approximately $121,000. Institutional investors own 68.64% of the company’s stock.

NASDAQ:MRTN traded up $0.27 during mid-day trading on Wednesday, reaching $16.19. The company’s stock had a trading volume of 31,209 shares, compared to its average volume of 434,853. The stock’s fifty day moving average price is $17.74. Marten Transport has a twelve month low of $14.72 and a twelve month high of $19.94. The company has a market cap of $1.35 billion, a PE ratio of 15.31 and a beta of 0.86.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Thursday, March 17th were issued a dividend of $0.06 per share. This is an increase from Marten Transport’s previous quarterly dividend of $0.04. This represents a $0.24 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Wednesday, March 16th. Marten Transport’s dividend payout ratio (DPR) is presently 23.08%.

About Marten Transport (Get Rating)

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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