Equities analysts expect that Marten Transport, Ltd. (NASDAQ:MRTN – Get Rating) will post earnings per share of $0.32 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Marten Transport’s earnings, with estimates ranging from $0.31 to $0.33. Marten Transport reported earnings of $0.26 per share during the same quarter last year, which indicates a positive year over year growth rate of 23.1%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Marten Transport will report full year earnings of $1.25 per share for the current financial year, with EPS estimates ranging from $1.16 to $1.30. For the next year, analysts anticipate that the business will post earnings of $1.27 per share, with EPS estimates ranging from $1.20 to $1.32. Zacks’ EPS calculations are an average based on a survey of research firms that cover Marten Transport.
Marten Transport (NASDAQ:MRTN – Get Rating) last announced its quarterly earnings data on Tuesday, April 19th. The transportation company reported $0.33 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.07. Marten Transport had a return on equity of 14.70% and a net margin of 9.15%. The firm had revenue of $287.28 million for the quarter, compared to the consensus estimate of $262.17 million. During the same quarter last year, the business posted $0.22 earnings per share. The firm’s revenue was up 28.8% compared to the same quarter last year.
In other news, Director Robert L. Demorest sold 10,313 shares of Marten Transport stock in a transaction on Wednesday, February 23rd. The stock was sold at an average price of $16.96, for a total value of $174,908.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas J. Winkel sold 3,000 shares of Marten Transport stock in a transaction on Thursday, March 17th. The shares were sold at an average price of $19.93, for a total value of $59,790.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,324 shares of company stock valued at $526,179. 22.50% of the stock is owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Marten Transport in the fourth quarter valued at $43,000. Harel Insurance Investments & Financial Services Ltd. grew its stake 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 in the last quarter. Pinebridge Investments L.P. acquired a new position in Marten Transport during the 4th quarter worth $84,000. Koshinski Asset Management Inc. acquired a new position in Marten Transport during the 1st quarter worth $109,000. Finally, CWM LLC acquired a new position in Marten Transport during the 4th quarter worth $121,000. 68.64% of the stock is owned by institutional investors and hedge funds.
Shares of Marten Transport stock opened at $17.38 on Wednesday. Marten Transport has a one year low of $14.72 and a one year high of $19.94. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 15.11 and a beta of 0.86. The business’s 50 day moving average price is $17.71 and its 200 day moving average price is $17.02.
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Thursday, March 17th were paid a dividend of $0.06 per share. This is a boost from Marten Transport’s previous quarterly dividend of $0.04. The ex-dividend date was Wednesday, March 16th. This represents a $0.24 annualized dividend and a yield of 1.38%. Marten Transport’s dividend payout ratio (DPR) is 20.87%.
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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