Analysts Anticipate Marten Transport, Ltd (MRTN) Will Announce Earnings of $0.25 Per Share

Equities research analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to announce earnings per share of $0.25 for the current quarter, according to Zacks. Three analysts have made estimates for Marten Transport’s earnings, with the highest EPS estimate coming in at $0.26 and the lowest estimate coming in at $0.25. Marten Transport reported earnings per share of $0.19 during the same quarter last year, which would suggest a positive year over year growth rate of 31.6%. The firm is expected to announce its next quarterly earnings report on Thursday, April 18th.

On average, analysts expect that Marten Transport will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.05 to $1.25. For the next year, analysts expect that the firm will post earnings of $1.19 per share, with EPS estimates ranging from $1.05 to $1.30. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.29 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $203.96 million for the quarter, compared to analyst estimates of $208.13 million. Marten Transport had a net margin of 6.99% and a return on equity of 9.89%. Marten Transport’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period last year, the company posted $0.16 EPS.

MRTN has been the topic of a number of research reports. ValuEngine lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, January 30th. BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Saturday, December 8th. Zacks Investment Research lowered shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Stephens set a $22.00 target price on shares of Marten Transport and gave the stock a “hold” rating in a research note on Wednesday, October 17th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $20.67.

In other Marten Transport news, CEO Randolph L. Marten sold 44,959 shares of the firm’s stock in a transaction that occurred on Tuesday, February 5th. The shares were sold at an average price of $19.20, for a total value of $863,212.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold a total of 184,816 shares of company stock worth $3,510,424 over the last three months. Corporate insiders own 22.90% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. RMB Capital Management LLC purchased a new position in Marten Transport in the 4th quarter worth approximately $578,000. Geode Capital Management LLC lifted its stake in Marten Transport by 16.2% in the 4th quarter. Geode Capital Management LLC now owns 486,751 shares of the transportation company’s stock worth $7,880,000 after purchasing an additional 67,959 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Marten Transport by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock worth $73,891,000 after purchasing an additional 42,170 shares in the last quarter. United Services Automobile Association lifted its stake in Marten Transport by 20.5% in the 4th quarter. United Services Automobile Association now owns 19,116 shares of the transportation company’s stock worth $309,000 after purchasing an additional 3,257 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Marten Transport by 0.6% in the 4th quarter. Northern Trust Corp now owns 991,167 shares of the transportation company’s stock worth $16,048,000 after purchasing an additional 5,893 shares in the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.

Marten Transport stock traded up $0.13 during midday trading on Wednesday, reaching $18.73. The company had a trading volume of 165,000 shares, compared to its average volume of 263,287. The firm has a market capitalization of $1.02 billion, a PE ratio of 18.73 and a beta of 1.53. Marten Transport has a 12-month low of $15.39 and a 12-month high of $24.75.

About Marten Transport

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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