Marten Transport Ltd. (MRTN) Scheduled to Post Quarterly Earnings on Monday
Marten Transport Ltd. (NASDAQ:MRTN) will be issuing its quarterly earnings data on Monday, October 17th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings results on Tuesday, July 19th. The company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Marten Transport had a net margin of 5.08% and a return on equity of 8.19%. The firm earned $166.10 million during the quarter, compared to the consensus estimate of $168.17 million. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1.1 EPS for the next fiscal year.
Shares of Marten Transport Ltd. (NASDAQ:MRTN) traded down 1.72% on Friday, hitting $19.95. 12,882 shares of the company were exchanged. Marten Transport Ltd. has a 52-week low of $14.62 and a 52-week high of $22.27. The firm’s 50-day moving average is $21.32 and its 200-day moving average is $20.23. The stock has a market capitalization of $647.96 million, a PE ratio of 19.56 and a beta of 1.02.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 27th. Investors of record on Tuesday, September 13th were issued a dividend of $0.025 per share. The ex-dividend date was Friday, September 9th. This represents a $0.10 annualized dividend and a dividend yield of 0.49%. Marten Transport’s dividend payout ratio (DPR) is presently 9.80%.
Several research analysts recently issued reports on MRTN shares. Zacks Investment Research cut shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, June 24th. Avondale Partners cut shares of Marten Transport from an “outperform” rating to a “market perform” rating and set a $22.00 price objective for the company. in a report on Friday, July 22nd.
In other news, Chairman Randolph L. Marten sold 100,000 shares of the business’s stock in a transaction dated Friday, July 29th. The shares were sold at an average price of $21.76, for a total transaction of $2,176,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John H. Turner sold 1,275 shares of the business’s stock in a transaction dated Friday, August 5th. The stock was sold at an average price of $22.00, for a total transaction of $28,050.00. The disclosure for this sale can be found here. 23.70% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in Marten Transport by 532.8% in the second quarter. Barclays PLC now owns 5,062 shares of the company’s stock worth $100,000 after buying an additional 4,262 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Marten Transport by 5.1% in the second quarter. Parametric Portfolio Associates LLC now owns 76,624 shares of the company’s stock worth $1,517,000 after buying an additional 3,740 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Marten Transport by 7.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 395,684 shares of the company’s stock worth $7,835,000 after buying an additional 28,764 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in Marten Transport by 0.4% in the second quarter. Thrivent Financial for Lutherans now owns 11,010 shares of the company’s stock worth $218,000 after buying an additional 40 shares in the last quarter. Finally, Westfield Capital Management Co. LP bought a new stake in Marten Transport during the second quarter worth approximately $10,086,000. 69.01% of the stock is owned by institutional investors and hedge funds.
Marten Transport Company Profile
Marten Transport, Ltd. is a national protective service transportation company. It is a temperature-sensitive truckload carrier. The Company specializes in 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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