Analysts expect Marten Transport, Ltd. (NASDAQ:MRTN) to post $175.60 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Marten Transport’s earnings. The lowest sales estimate is $172.80 million and the highest is $177.80 million. Marten Transport posted sales of $172.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.7%. The business is expected to announce its next earnings report on Thursday, January 25th.
On average, analysts expect that Marten Transport will report full year sales of $175.60 million for the current year, with estimates ranging from $688.10 million to $693.20 million. For the next fiscal year, analysts forecast that the company will post sales of $757.00 million per share, with estimates ranging from $743.90 million to $779.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. Marten Transport had a net margin of 4.60% and a return on equity of 6.88%. The company had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. During the same quarter last year, the company posted $0.26 EPS. Marten Transport’s quarterly revenue was up .1% compared to the same quarter last year.
A number of equities analysts recently commented on MRTN shares. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Thursday, September 7th. BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $15.00 price target on shares of Marten Transport in a research report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Marten Transport currently has an average rating of “Hold” and an average target price of $19.00.
A number of large investors have recently added to or reduced their stakes in MRTN. Dimensional Fund Advisors LP increased its position in Marten Transport by 64.8% during the third quarter. Dimensional Fund Advisors LP now owns 4,613,274 shares of the transportation company’s stock worth $94,798,000 after acquiring an additional 1,814,763 shares during the period. Bank of New York Mellon Corp increased its position in Marten Transport by 38.7% during the third quarter. Bank of New York Mellon Corp now owns 1,709,997 shares of the transportation company’s stock worth $35,140,000 after acquiring an additional 477,099 shares during the period. Granite Investment Partners LLC increased its holdings in Marten Transport by 71.2% in the 2nd quarter. Granite Investment Partners LLC now owns 795,922 shares of the transportation company’s stock valued at $13,085,000 after buying an additional 331,098 shares during the period. Goldman Sachs Group Inc. increased its holdings in Marten Transport by 46.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 980,124 shares of the transportation company’s stock valued at $26,856,000 after buying an additional 309,413 shares during the period. Finally, FMR LLC increased its holdings in Marten Transport by 228.5% in the 2nd quarter. FMR LLC now owns 443,408 shares of the transportation company’s stock valued at $12,149,000 after buying an additional 308,408 shares during the period. 55.85% of the stock is currently owned by institutional investors and hedge funds.
Marten Transport (NASDAQ:MRTN) opened at $18.95 on Tuesday. Marten Transport has a 1 year low of $12.81 and a 1 year high of $21.15. The company has a market cap of $1,030.46, a PE ratio of 30.98 and a beta of 1.35.
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About Marten Transport
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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