Marten Transport, Ltd (MRTN) Posts Earnings Results, Beats Estimates By $0.04 EPS
Marten Transport, Ltd (NASDAQ:MRTN) released its quarterly earnings results on Wednesday. The transportation company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.04. Marten Transport had a net margin of 4.99% and a return on equity of 7.89%. The firm earned $173.20 million during the quarter, compared to analysts’ expectations of $168.87 million. During the same period in the previous year, the company earned $0.25 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year.
Marten Transport (NASDAQ:MRTN) traded up 1.38% during midday trading on Thursday, reaching $22.00. 326,386 shares of the company’s stock traded hands. The company has a market capitalization of $718.28 million, a price-to-earnings ratio of 21.57 and a beta of 1.15. Marten Transport has a 1-year low of $18.11 and a 1-year high of $27.05. The firm’s 50-day moving average is $23.55 and its 200-day moving average is $23.02.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Friday, March 24th were given a $0.025 dividend. The ex-dividend date of this dividend was Wednesday, March 22nd. This represents a $0.10 annualized dividend and a yield of 0.45%. Marten Transport’s dividend payout ratio (DPR) is 9.80%.
In other news, Director Thomas J. Winkel sold 2,750 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $24.35, for a total value of $66,962.50. Following the completion of the transaction, the director now owns 14,045 shares of the company’s stock, valued at $341,995.75. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 23.70% of the company’s stock.
MRTN has been the subject of a number of recent analyst reports. Stifel Nicolaus cut shares of Marten Transport from a “hold” rating to a “sell” rating and set a $21.00 price target for the company. in a research note on Wednesday, December 21st. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, December 21st.
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About Marten Transport
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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