Marten Transport (NASDAQ:MRTN) Posts Earnings Results

Marten Transport (NASDAQ:MRTN) released its quarterly earnings data on Thursday. The transportation company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01, reports. Marten Transport had a net margin of 7.33% and a return on equity of 10.37%. The firm had revenue of $212.10 million for the quarter, compared to analyst estimates of $208.45 million. During the same period last year, the firm earned $0.25 earnings per share. The business’s quarterly revenue was up 7.7% compared to the same quarter last year.

MRTN opened at $20.23 on Friday. The firm’s 50-day moving average price is $18.01. Marten Transport has a fifty-two week low of $15.39 and a fifty-two week high of $24.10. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 18.39 and a beta of 1.51.

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Thursday, June 13th. Marten Transport’s payout ratio is currently 12.00%.

In related news, Director Thomas J. Winkel sold 6,250 shares of the firm’s stock in a transaction dated Monday, April 29th. The shares were sold at an average price of $20.41, for a total transaction of $127,562.50. Following the transaction, the director now directly owns 28,241 shares of the company’s stock, valued at $576,398.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.00% of the stock is owned by company insiders.

A number of research analysts have weighed in on the stock. Stephens set a $112.00 price objective on shares of Genesee & Wyoming and gave the company a “hold” rating in a research note on Monday, July 1st. Zacks Investment Research reaffirmed a “hold” rating on shares of Western New England Bancorp in a research note on Saturday, June 29th. BidaskClub raised shares of Zai Lab from a “buy” rating to a “strong-buy” rating in a research report on Friday, June 28th. Finally, Stifel Nicolaus set a $80.00 price target on shares of CSX and gave the company a “hold” rating in a research report on Wednesday, April 17th. Five analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $20.33.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.

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Earnings History for Marten Transport (NASDAQ:MRTN)

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