Marten Transport (NASDAQ:MRTN) Releases Earnings Results, Meets Expectations

Marten Transport (NASDAQ:MRTN - Get Free Report) announced its quarterly earnings results on Wednesday. The transportation company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.05, Zacks reports. The firm had revenue of $223.15 million for the quarter, compared to the consensus estimate of $228.79 million. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%.

Marten Transport Price Performance

Marten Transport stock traded down $0.03 during midday trading on Monday, reaching $13.23. The company had a trading volume of 195,646 shares, compared to its average volume of 391,316. Marten Transport has a 12-month low of $12.52 and a 12-month high of $19.26. The firm's fifty day simple moving average is $13.97 and its 200-day simple moving average is $15.49. The company has a market capitalization of $1.08 billion, a P/E ratio of 38.91 and a beta of 1.01.

Marten Transport Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Stockholders of record on Friday, March 14th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.81%. Marten Transport's dividend payout ratio is currently 88.89%.

Wall Street Analysts Forecast Growth

Separately, Stephens increased their target price on shares of Marten Transport from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 28th.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.