Equities research analysts forecast that Marten Transport, Ltd. (NASDAQ:MRTN) will report $192.60 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $185.50 million and the highest estimate coming in at $197.60 million. Marten Transport reported sales of $171.51 million in the same quarter last year, which would suggest a positive year over year growth rate of 12.3%. The company is scheduled to report its next quarterly earnings report on Thursday, July 19th.
According to Zacks, analysts expect that Marten Transport will report full year sales of $794.67 million for the current financial year, with estimates ranging from $777.60 million to $805.10 million. For the next year, analysts forecast that the company will post sales of $857.03 million per share, with estimates ranging from $828.90 million to $893.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The business had revenue of $187.00 million during the quarter, compared to analyst estimates of $188.70 million. Marten Transport had a net margin of 12.98% and a return on equity of 7.27%. The company’s revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share.
MRTN has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Marten Transport from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, March 28th. ValuEngine raised shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, March 22nd. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Saturday, January 20th. Seaport Global Securities raised shares of Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, January 26th. Finally, Stephens downgraded shares of Marten Transport from an “overweight” rating to an “equal weight” rating in a report on Friday, April 20th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Marten Transport currently has an average rating of “Buy” and an average target price of $25.25.
Marten Transport opened at $20.85 on Friday, according to MarketBeat Ratings. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 33.69 and a beta of 1.40. Marten Transport has a 1-year low of $20.70 and a 1-year high of $21.05.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 15th will be issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Thursday, June 14th. Marten Transport’s dividend payout ratio (DPR) is presently 16.13%.
In other Marten Transport news, VP James J. Hinnendael purchased 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 25th. The shares were bought at an average price of $19.98 per share, with a total value of $149,850.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $140,937.50. The disclosure for this sale can be found here. 22.90% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in Marten Transport by 2.8% during the first quarter. BlackRock Inc. now owns 5,411,561 shares of the transportation company’s stock valued at $123,384,000 after purchasing an additional 149,004 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Marten Transport by 2.0% during the fourth 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 in the last quarter. Northern Trust Corp raised its stake in Marten Transport by 1.5% during the first quarter. Northern Trust Corp now owns 916,376 shares of the transportation company’s stock valued at $20,892,000 after purchasing an additional 13,778 shares in the last quarter. Clearbridge LLC raised its stake in Marten Transport by 10.4% during the fourth quarter. Clearbridge LLC now owns 845,774 shares of the transportation company’s stock valued at $17,169,000 after purchasing an additional 79,360 shares in the last quarter. Finally, SG Capital Management LLC purchased a new stake in Marten Transport during the fourth quarter valued at $12,808,000. 67.25% of the stock is currently owned by institutional investors.
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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