Marten Transport, Ltd. (MRTN) Announces Earnings Results
Marten Transport, Ltd. (NASDAQ:MRTN) announced its quarterly earnings results on Wednesday. The transportation company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01, Bloomberg Earnings reports. The firm had revenue of $170.70 million for the quarter, compared to analysts’ expectations of $169.67 million. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The business’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share.
Shares of Marten Transport (NASDAQ:MRTN) opened at 19.00 on Friday. Marten Transport has a one year low of $11.70 and a one year high of $21.15. The company has a market cap of $1.04 billion, a PE ratio of 30.55 and a beta of 1.32. The stock’s 50 day moving average price is $18.98 and its 200 day moving average price is $16.35.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were issued a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Thursday, September 14th. This is a boost from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio is presently 15.97%.
Several analysts have recently commented on the company. Zacks Investment Research cut Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, October 4th. Stifel Nicolaus restated a “hold” rating and set a $15.00 target price on shares of Marten Transport in a report on Sunday, October 1st. Finally, BidaskClub cut Marten Transport from a “hold” rating to a “sell” rating in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.00.
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Marten Transport Company Profile
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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