Wall Street brokerages predict that Marten Transport, Ltd (NASDAQ:MRTN) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Marten Transport’s earnings, with estimates ranging from $0.17 to $0.19. Marten Transport posted earnings per share of $0.15 during the same quarter last year, which would suggest a positive year-over-year growth rate of 20%. The company is scheduled to issue its next earnings results on Thursday, April 19th.
According to Zacks, analysts expect that Marten Transport will report full year earnings of $0.91 per share for the current year, with EPS estimates ranging from $0.85 to $1.00. For the next year, analysts expect that the company will post earnings of $1.03 per share, with EPS estimates ranging from $1.01 to $1.05. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The business had revenue of $182.70 million during the quarter, compared to analysts’ expectations of $177.55 million. During the same quarter in the prior year, the business posted $0.25 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Stephens restated a “buy” rating and issued a $25.00 target price on shares of Marten Transport in a report on Wednesday, January 10th. BidaskClub cut shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, January 31st. Finally, Seaport Global Securities upgraded shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, January 26th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Marten Transport currently has a consensus rating of “Buy” and an average target price of $23.50.
Shares of Marten Transport (MRTN) traded up $0.10 during trading on Friday, hitting $21.85. 277,465 shares of the stock traded hands, compared to its average volume of 327,973. Marten Transport has a fifty-two week low of $12.99 and a fifty-two week high of $29.60. The firm has a market cap of $1,186.10, a PE ratio of 13.26 and a beta of 1.40.
In related news, Director Thomas J. Winkel sold 6,250 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Larry B. Hagness sold 12,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total transaction of $280,680.00. The disclosure for this sale can be found here. 23.00% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in Marten Transport by 10.5% in the 4th quarter. BlackRock Inc. now owns 5,262,557 shares of the transportation company’s stock valued at $106,829,000 after purchasing an additional 499,269 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Marten Transport by 64.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,613,274 shares of the transportation company’s stock valued at $94,798,000 after purchasing an additional 1,814,763 shares during the last quarter. Bank of New York Mellon Corp raised its position in Marten Transport by 38.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,709,997 shares of the transportation company’s stock valued at $35,140,000 after purchasing an additional 477,099 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Marten Transport by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,706,715 shares of the transportation company’s stock valued at $34,646,000 after purchasing an additional 33,146 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Marten Transport by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 1,261,440 shares of the transportation company’s stock valued at $34,563,000 after purchasing an additional 28,574 shares during the last quarter. Hedge funds and other institutional investors own 67.62% of the company’s stock.
Marten Transport Company Profile
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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