Marten Transport, Ltd (MRTN) To Go Ex-Dividend on March 22nd
Marten Transport, Ltd (NASDAQ:MRTN) announced a quarterly dividend on Wednesday, March 15th. Investors of record on Friday, March 24th will be given a dividend of 0.025 per share on Friday, March 31st. This represents a $0.10 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Wednesday, March 22nd.
Shares of Marten Transport (NASDAQ:MRTN) opened at 24.30 on Tuesday. The company has a market capitalization of $793.01 million, a P/E ratio of 23.82 and a beta of 1.15. The company has a 50-day moving average price of $23.74 and a 200 day moving average price of $22.74. Marten Transport has a 1-year low of $16.90 and a 1-year high of $27.05.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 26th. The company reported $0.25 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.25. The company earned $172.66 million during the quarter, compared to the consensus estimate of $168.37 million. Marten Transport had a return on equity of 7.89% and a net margin of 4.99%. Marten Transport’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the business posted $0.26 earnings per share. Equities research analysts anticipate that Marten Transport will post $1.02 EPS for the current year.
In other Marten Transport news, Director Thomas J. Winkel sold 2,750 shares of the firm’s stock in a transaction on Friday, March 17th. The stock was sold at an average price of $24.35, for a total value of $66,962.50. Following the completion of the sale, the director now directly owns 14,045 shares of the company’s stock, valued at $341,995.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 23.70% of the company’s stock.
A number of brokerages recently commented on MRTN. Seaport Global Securities began coverage on Marten Transport in a research report on Friday, December 16th. They set a “neutral” rating for the company. Stifel Nicolaus downgraded Marten Transport from a “hold” rating to a “sell” rating in a research report on Thursday, December 15th. Finally, Zacks Investment Research downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Wednesday, December 21st.
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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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