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.
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.
Featured Story: What is Compound Annual Growth Rate (CAGR)?
Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.