Zacks: Brokerages Expect Marten Transport, Ltd (MRTN) Will Post Quarterly Sales of $208.87 Million

Wall Street analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will announce sales of $208.87 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Marten Transport’s earnings. The lowest sales estimate is $205.10 million and the highest is $210.80 million. Marten Transport reported sales of $182.77 million during the same quarter last year, which would suggest a positive year over year growth rate of 14.3%. The business is expected to announce its next earnings results on Thursday, January 24th.

On average, analysts expect that Marten Transport will report full-year sales of $792.47 million for the current fiscal year, with estimates ranging from $788.70 million to $794.40 million. For the next fiscal year, analysts forecast that the company will post sales of $861.20 million, with estimates ranging from $844.10 million to $872.70 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Marten Transport.

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

MRTN has been the topic of several recent research reports. Stifel Nicolaus raised shares of Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 price objective on the stock in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, September 19th. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. ValuEngine cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Finally, Stephens set a $22.00 price objective on shares of Marten Transport and gave the company a “hold” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Marten Transport has an average rating of “Hold” and a consensus price target of $23.75.

A number of institutional investors and hedge funds have recently made changes to their positions in MRTN. Piedmont Investment Advisors LLC acquired a new position in shares of Marten Transport during the 2nd quarter worth $212,000. Atria Investments LLC acquired a new position in shares of Marten Transport during the 2nd quarter worth $220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Marten Transport during the 2nd quarter worth $228,000. Sawgrass Asset Management LLC grew its stake in shares of Marten Transport by 31.8% during the 2nd quarter. Sawgrass Asset Management LLC now owns 12,920 shares of the transportation company’s stock worth $303,000 after purchasing an additional 3,120 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Marten Transport during the 2nd quarter worth $304,000. 71.06% of the stock is currently owned by institutional investors.

MRTN traded down $0.01 during trading on Friday, hitting $19.28. The stock had a trading volume of 205,500 shares, compared to its average volume of 319,824. The stock has a market capitalization of $1.06 billion, a P/E ratio of 30.90 and a beta of 1.39. Marten Transport has a twelve month low of $17.50 and a twelve month high of $29.60.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, September 14th were paid a $0.025 dividend. The ex-dividend date was Thursday, September 13th. This represents a $0.10 annualized dividend and a yield of 0.52%. Marten Transport’s dividend payout ratio is currently 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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