Wall Street brokerages predict that Marten Transport, Ltd. (NASDAQ:MRTN) will post earnings of $0.27 per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Marten Transport’s earnings, with estimates ranging from $0.26 to $0.27. Marten Transport reported earnings of $0.24 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 12.5%. The business is scheduled to report its next earnings results after the market closes on Tuesday, January 25th.
According to Zacks, analysts expect that Marten Transport will report full year earnings of $1.00 per share for the current financial year, with EPS estimates ranging from $0.99 to $1.00. For the next financial year, analysts anticipate that the company will post earnings of $1.13 per share, with EPS estimates ranging from $1.10 to $1.15. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Monday, October 18th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Marten Transport had a return on equity of 12.65% and a net margin of 8.60%. The company had revenue of $251.30 million during the quarter, compared to analysts’ expectations of $237.50 million. During the same period last year, the business earned $0.22 earnings per share. The business’s revenue was up 16.3% on a year-over-year basis.
Shares of NASDAQ:MRTN opened at $16.53 on Friday. The stock has a market capitalization of $1.37 billion, a P/E ratio of 16.87 and a beta of 0.91. Marten Transport has a 1-year low of $14.72 and a 1-year high of $18.10. The business has a 50-day moving average price of $16.85 and a two-hundred day moving average price of $16.18.
The firm also recently declared a quarterly dividend, which was paid on Monday, December 27th. Investors of record on Monday, December 13th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date was Friday, December 10th. Marten Transport’s dividend payout ratio (DPR) is presently 16.33%.
In other news, Director Robert L. Demorest sold 5,313 shares of the business’s stock in a transaction dated Friday, December 3rd. The shares were sold at an average price of $16.65, for a total transaction of $88,461.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert L. Demorest sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 1st. The stock was sold at an average price of $16.08, for a total transaction of $80,400.00. The disclosure for this sale can be found here. 22.50% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can grew its holdings in shares of Marten Transport by 557.3% during the second quarter. Bank of Montreal Can now owns 116,846 shares of the transportation company’s stock worth $1,942,000 after purchasing an additional 99,068 shares in the last quarter. Citigroup Inc. lifted its position in Marten Transport by 371.1% in the second quarter. Citigroup Inc. now owns 35,872 shares of the transportation company’s stock valued at $592,000 after purchasing an additional 28,257 shares during the last quarter. Kennedy Capital Management Inc. raised its holdings in Marten Transport by 8.7% in the second quarter. Kennedy Capital Management Inc. now owns 478,510 shares of the transportation company’s stock worth $7,891,000 after purchasing an additional 38,254 shares in the last quarter. New York State Teachers Retirement System raised its holdings in Marten Transport by 6.3% in the third quarter. New York State Teachers Retirement System now owns 30,404 shares of the transportation company’s stock worth $477,000 after purchasing an additional 1,811 shares in the last quarter. Finally, Confluence Investment Management LLC bought a new position in Marten Transport in the third quarter worth $6,777,000. 68.99% of the stock is owned by institutional investors.
About Marten Transport
Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.
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