Marten Transport (NASDAQ:MRTN) Releases Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Marten Transport (NASDAQ:MRTN) released its quarterly earnings results on Thursday. The transportation company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02, Briefing.com reports. The firm had revenue of $216.01 million for the quarter, compared to analysts’ expectations of $223.03 million. Marten Transport had a return on equity of 10.61% and a net margin of 7.44%. The company’s revenue was up .5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS.

Shares of MRTN stock opened at $16.96 on Friday. Marten Transport has a 52-week low of $10.67 and a 52-week high of $20.13. The firm has a market capitalization of $1.40 billion, a PE ratio of 21.74 and a beta of 0.97. The stock has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $16.68.

In other Marten Transport news, President Timothy M. Kohl sold 25,000 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $18.55, for a total value of $463,750.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 22.80% of the company’s stock.

Several equities analysts have recently weighed in on MRTN shares. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a report on Wednesday, October 7th. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a research note on Saturday, September 19th. Finally, KeyCorp reduced their price objective on Marten Transport from $31.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $18.17.

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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