Marten Transport (NASDAQ:MRTN) Announces Quarterly Earnings Results

Marten Transport (NASDAQ:MRTNGet Free Report) posted its quarterly earnings data on Thursday. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.03), Briefing.com reports. Marten Transport had a net margin of 7.04% and a return on equity of 11.46%. The company had revenue of $268.20 million during the quarter, compared to the consensus estimate of $271.62 million. During the same period in the prior year, the firm posted $0.31 earnings per share. The company’s revenue was down 16.9% compared to the same quarter last year.

Marten Transport Stock Performance

Shares of NASDAQ MRTN traded down $0.96 during trading hours on Friday, reaching $19.43. 159,117 shares of the stock were exchanged, compared to its average volume of 235,373. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 19.09 and a beta of 0.84. The stock’s fifty day simple moving average is $19.79 and its 200 day simple moving average is $20.10. Marten Transport has a 52 week low of $17.34 and a 52 week high of $23.38.

Marten Transport Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, December 14th. Marten Transport’s dividend payout ratio is presently 23.30%.

Analysts Set New Price Targets

A number of brokerages recently weighed in on MRTN. StockNews.com initiated coverage on shares of Marten Transport in a report on Thursday, October 5th. They set a “hold” rating on the stock. TheStreet cut Marten Transport from a “b” rating to a “c+” rating in a research report on Wednesday, October 18th. Finally, Vertical Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price target on the stock in a research note on Wednesday, January 10th.

Get Our Latest Analysis on Marten Transport

Institutional Trading of Marten Transport

Several hedge funds have recently added to or reduced their stakes in MRTN. AQR Capital Management LLC increased its stake in Marten Transport by 1.1% during the 1st quarter. AQR Capital Management LLC now owns 48,788 shares of the transportation company’s stock worth $1,022,000 after acquiring an additional 553 shares during the period. Legal & General Group Plc increased its stake in Marten Transport by 0.4% during the 2nd quarter. Legal & General Group Plc now owns 146,896 shares of the transportation company’s stock worth $2,470,000 after acquiring an additional 589 shares during the period. Wells Fargo & Company MN increased its stake in Marten Transport by 1.3% during the 2nd quarter. Wells Fargo & Company MN now owns 61,852 shares of the transportation company’s stock worth $1,330,000 after acquiring an additional 774 shares during the period. Mariner LLC increased its stake in Marten Transport by 7.6% during the 4th quarter. Mariner LLC now owns 11,982 shares of the transportation company’s stock worth $237,000 after acquiring an additional 846 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in Marten Transport by 4.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 19,867 shares of the transportation company’s stock worth $417,000 after acquiring an additional 855 shares during the period. 67.46% of the stock is owned by institutional investors and hedge funds.

About Marten Transport

(Get Free Report)

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company operates through four segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment, as well as dry freight.

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Earnings History for Marten Transport (NASDAQ:MRTN)

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