Marten Transport (MRTN) Projected to Post Earnings on Thursday

Marten Transport (NASDAQ:MRTN) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 17th. Analysts expect the company to announce earnings of $0.06 per share and revenue of $228.79 million for the quarter.

Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Marten Transport had a return on equity of 3.52% and a net margin of 2.79%. On average, analysts expect Marten Transport to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marten Transport Stock Up 6.1 %

Shares of NASDAQ MRTN opened at $13.46 on Thursday. The firm’s 50-day simple moving average is $14.24 and its 200 day simple moving average is $15.70. The stock has a market cap of $1.10 billion, a P/E ratio of 39.59 and a beta of 1.01. Marten Transport has a fifty-two week low of $12.52 and a fifty-two week high of $19.26.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.06 per share. The ex-dividend date was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.78%. Marten Transport’s dividend payout ratio (DPR) is 70.59%.

Analysts Set New Price Targets

Separately, Stephens boosted their target price on Marten Transport from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Tuesday, January 28th.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.