Brokerages expect Marten Transport, Ltd. (NASDAQ: MRTN) posts earnings of $ 0.26 per share
Analysts expect Marten Transport, Ltd. (NASDAQ: MRTN) posted earnings per share (EPS) of $ 0.26 for the current quarter, according to Zacks Investment Research. Two analysts provided revenue estimates for Marten Transport, with estimates ranging from $ 0.25 to $ 0.26. Marten Transport reported earnings per share of $ 0.24 in the same quarter last year, which would indicate a positive year-over-year growth rate of 8.3%. The company is expected to release its next quarterly earnings report on Tuesday, January 25.
According to Zacks, analysts expect Marten Transport to report annual earnings of $ 0.99 per share for the current fiscal year, with EPS estimates ranging from $ 0.97 to $ 1.00. For the next fiscal year, analysts expect the company to post earnings of $ 1.10 per share, with EPS estimates ranging from $ 1.05 to $ 1.15. Zacks Investment Research earnings per share averages are an average based on a survey of sales analysts who cover Marten Transport.
Marten Transport (NASDAQ: MRTN) last released its quarterly results on Monday, October 18. The transportation company reported earnings per share of $ 0.26 for the quarter, beating consensus analysts’ estimates of $ 0.25 by $ 0.01. Marten Transport had a net margin of 8.60% and a return on equity of 12.65%. The company posted revenue of $ 251.30 million in the quarter, compared to a consensus estimate of $ 237.50 million. During the same period of the previous year, the company achieved EPS of $ 0.22. The company’s revenue grew 16.3% year-on-year.
MRTN has been the subject of a number of recent analyst reports. Raymond James launched coverage on Marten Transport shares in a research report on Friday, September 10. They establish a “market performance” rating for the company. Zacks Investment Research downgraded Marten Transport shares from a “hold” rating to a “sell” rating in a research report released on Saturday, November 6.
In addition, director Jerry M. Bauer acquired 15,000 shares in a transaction on Monday, September 20. The stock was purchased at an average price of $ 15.07 per share, for a total transaction of $ 226,050.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 22.50% of the company’s shares.
Several hedge funds and other institutional investors recently changed their holdings to MRTN. FMR LLC increased its stake in Marten Transport by 149.8% in the 1st quarter. FMR LLC now owns 917,248 shares of the transportation company valued at $ 16,354,000 after acquiring an additional 550,088 shares during the last quarter. First Trust Advisors LP increased its stake in Marten Transport by 164.4% during the 1st quarter. First Trust Advisors LP now owns 68,672 shares of the transportation company valued at $ 1,224,000 after acquiring an additional 42,699 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Marten Transport by 2.7% in the first quarter. UBS Asset Management Americas Inc. now owns 43,101 shares of the transport company valued at $ 731,000 after purchasing an additional 1,118 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Marten Transport by 37.8% in the first quarter. Nuveen Asset Management LLC now owns 913,841 shares of the transportation company valued at $ 15,508,000 after purchasing an additional 250,787 shares in the last quarter. Finally, HRT Financial LP purchased a new position in Marten Transport during the first quarter, valued at approximately $ 1,290,000. 70.06% of the shares are currently held by institutional investors.
Shares of MRTN opened at $ 17.61 on Monday. Marten Transport has a 52 week low of $ 14.72 and a 52 week high of $ 19.08. The company has a market cap of $ 1.46 billion, a PE ratio of 17.97 and a beta of 0.92. The company has a fifty-day simple moving average of $ 15.95.
The company also recently disclosed a zero dividend, which was paid on Monday, October 4. Shareholders of record on Monday, September 20 received a dividend of $ 0.54. This represents a yield of 1%. The ex-dividend date was Friday September 17th. Marten Transport’s payout ratio is currently 16.33%.
About Marten Transport
Marten Transport Ltd. provides temperature sensitive heavy load transport services. It operates in the following segments: full load, dedicated, intermodal and brokerage. The Truckload segment comprises the transport of food and packaged consumer goods that require a temperature controlled or isolated environment.
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