Marten Transport (NASDAQ:MRTN) Announces Earnings Results, Meets Estimates

Marten Transport (NASDAQ:MRTN - Get Free Report) announced its earnings results on Wednesday. The transportation company reported $0.12 EPS for the quarter, meeting the consensus estimate of $0.12, Yahoo Finance reports. Marten Transport had a return on equity of 9.48% and a net margin of 6.22%. The company had revenue of $249.67 million for the quarter, compared to analyst estimates of $262.77 million. During the same quarter in the prior year, the company earned $0.28 EPS. The firm's revenue for the quarter was down 16.2% compared to the same quarter last year.

Marten Transport Trading Down 1.2 %

Shares of MRTN traded down $0.20 on Thursday, reaching $15.97. 788,642 shares of the company's stock traded hands, compared to its average volume of 461,463. The stock has a market cap of $1.30 billion, a PE ratio of 18.36 and a beta of 0.79. The stock's 50 day simple moving average is $18.44 and its two-hundred day simple moving average is $19.01. Marten Transport has a 52-week low of $15.87 and a 52-week high of $23.38.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a $0.06 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. Marten Transport's dividend payout ratio is presently 27.59%.


Institutional Trading of Marten Transport

A number of institutional investors and hedge funds have recently modified their holdings of MRTN. Lazard Asset Management LLC purchased a new stake in shares of Marten Transport during the first quarter valued at approximately $47,000. International Assets Investment Management LLC increased its position in shares of Marten Transport by 1,997.7% during the fourth quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company's stock valued at $57,000 after acquiring an additional 2,577 shares during the last quarter. Captrust Financial Advisors increased its position in shares of Marten Transport by 108.6% during the first quarter. Captrust Financial Advisors now owns 3,790 shares of the transportation company's stock valued at $67,000 after acquiring an additional 1,973 shares during the last quarter. Point72 Middle East FZE purchased a new stake in shares of Marten Transport during the fourth quarter valued at approximately $71,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Marten Transport during the first quarter valued at approximately $104,000. 69.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Vertical Research upgraded Marten Transport from a "hold" rating to a "buy" rating and set a $25.00 price target on the stock in a report on Wednesday, January 10th.

Get Our Latest Analysis on MRTN

About Marten Transport

(Get Free Report)

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.

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Earnings History for Marten Transport (NASDAQ:MRTN)

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