Marten Transport (MRTN) Scheduled to Post Quarterly Earnings on Tuesday

Marten Transport (NASDAQ:MRTNGet Rating) will be issuing its quarterly earnings data after the market closes on Tuesday, April 19th. Analysts expect the company to announce earnings of $0.26 per share for the quarter.

Marten Transport (NASDAQ:MRTNGet Rating) last issued its quarterly earnings data on Tuesday, January 25th. The transportation company reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.03. The business had revenue of $266.88 million during the quarter, compared to analysts’ expectations of $263.20 million. Marten Transport had a net margin of 8.77% and a return on equity of 13.29%. Marten Transport’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.24 earnings per share. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:MRTN opened at $15.87 on Friday. The stock has a market cap of $1.32 billion, a P/E ratio of 15.26 and a beta of 0.86. Marten Transport has a one year low of $14.72 and a one year high of $19.94. The company has a fifty day moving average price of $17.64 and a 200 day moving average price of $16.94.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were issued a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Wednesday, March 16th. This is a positive change from Marten Transport’s previous quarterly dividend of $0.04. Marten Transport’s payout ratio is 23.08%.

In related news, Director Robert L. Demorest sold 10,313 shares of the stock in a transaction that occurred on Wednesday, February 23rd. The shares were sold at an average price of $16.96, for a total value of $174,908.48. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO James J. Hinnendael sold 6,350 shares of the stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $18.38, for a total value of $116,713.00. The disclosure for this sale can be found here. Insiders sold a total of 29,324 shares of company stock worth $526,179 over the last quarter. 22.50% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. California State Teachers Retirement System grew its stake in shares of Marten Transport by 1.9% during the 4th quarter. California State Teachers Retirement System now owns 84,695 shares of the transportation company’s stock worth $1,453,000 after acquiring an additional 1,605 shares in the last quarter. Credit Suisse AG lifted its holdings in shares of Marten Transport by 7.0% during the fourth quarter. Credit Suisse AG now owns 50,320 shares of the transportation company’s stock worth $864,000 after buying an additional 3,283 shares in the last quarter. LPL Financial LLC lifted its holdings in shares of Marten Transport by 17.5% during the third quarter. LPL Financial LLC now owns 27,560 shares of the transportation company’s stock worth $432,000 after buying an additional 4,104 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Marten Transport by 3.5% during the fourth quarter. Legal & General Group Plc now owns 149,483 shares of the transportation company’s stock worth $2,565,000 after buying an additional 5,062 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its holdings in shares of Marten Transport by 28.5% during the fourth quarter. Allianz Asset Management GmbH now owns 61,102 shares of the transportation company’s stock worth $1,048,000 after buying an additional 13,541 shares in the last quarter. 68.64% of the stock is owned by institutional investors and hedge funds.

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

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.

Further Reading

Earnings History for Marten Transport (NASDAQ:MRTN)

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