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NASDAQ:MRTN

Marten Transport (MRTN) Stock Price, News & Analysis

$19.53
+0.13 (+0.67%)
(As of 02/23/2024 ET)
Today's Range
$19.28
$19.61
50-Day Range
$18.50
$21.32
52-Week Range
$17.34
$23.38
Volume
210,080 shs
Average Volume
298,718 shs
Market Capitalization
$1.59 billion
P/E Ratio
22.45
Dividend Yield
1.23%
Price Target
$26.00

Marten Transport MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
33.1% Upside
$26.00 Price Target
Short Interest
Bearish
2.21% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.72mentions of Marten Transport in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
52.94%
From $0.85 to $1.30 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.44 out of 5 stars

Transportation Sector

18th out of 115 stocks

Trucking, Except Local Industry

4th out of 12 stocks


MRTN stock logo

About Marten Transport Stock (NASDAQ:MRTN)

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. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its refrigerated containers and temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2022, the company operated a fleet of 3,660 tractors, that included 3,564 company-owned tractors and 96 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.

MRTN Stock Price History

MRTN Stock News Headlines

MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
Laser breakthrough could send stock soaring 2,467%
Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...
When Should You Buy Marten Transport, Ltd. (NASDAQ:MRTN)?
Marten Transport Ltd MRTN
Marten’s earnings reflect weaker truckload market
Marten Transport earnings preview: what Wall Street is expecting
Marten Transport: A Great Ride That's Now Over
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
1/25/2024
Today
2/23/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
4/16/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Trucking, except local
Sub-Industry
Trucking
Current Symbol
NASDAQ:MRTN
CUSIP
57307510
Employees
4,575
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$26.00
High Stock Price Target
$27.00
Low Stock Price Target
$25.00
Potential Upside/Downside
+34.5%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
$70.37 million
Pretax Margin
8.30%

Debt

Sales & Book Value

Annual Sales
$1.13 billion
Cash Flow
$2.31 per share
Book Value
$9.31 per share

Miscellaneous

Free Float
62,689,000
Market Cap
$1.57 billion
Optionable
Optionable
Beta
0.79

Growth stocks offer a lot of bang for your buck, and we've got the next upcoming superstars to strongly consider for your portfolio.

Get This Free Report

Key Executives

  • Mr. Randolph L. Marten (Age 71)
    Executive Chairman of the Board
    Comp: $1.43M
  • Mr. Timothy M. Kohl (Age 76)
    Chief Executive Officer
    Comp: $1.31M
  • Mr. Douglas Paul Petit (Age 57)
    President
    Comp: $703.34k
  • Mr. James J. Hinnendael (Age 61)
    Executive VP & CFO
    Comp: $723.08k
  • Mr. Adam D. Phillips
    Executive VP & COO
  • Mr. Randall J. Baier
    Executive VP & CTO
  • Mr. Patrick J. Pazderka J.D.
    Secretary














MRTN Stock Analysis - Frequently Asked Questions

Should I buy or sell Marten Transport stock right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marten Transport in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRTN shares.
View MRTN analyst ratings
or view top-rated stocks.

What is Marten Transport's stock price target for 2024?

2 brokerages have issued 12 month target prices for Marten Transport's stock. Their MRTN share price targets range from $25.00 to $27.00. On average, they predict the company's share price to reach $26.00 in the next year. This suggests a possible upside of 33.1% from the stock's current price.
View analysts price targets for MRTN
or view top-rated stocks among Wall Street analysts.

How have MRTN shares performed in 2024?

Marten Transport's stock was trading at $20.98 on January 1st, 2024. Since then, MRTN stock has decreased by 6.9% and is now trading at $19.53.
View the best growth stocks for 2024 here
.

Are investors shorting Marten Transport?

Marten Transport saw a increase in short interest during the month of January. As of January 31st, there was short interest totaling 1,270,000 shares, an increase of 6.7% from the January 15th total of 1,190,000 shares. Based on an average trading volume of 293,900 shares, the days-to-cover ratio is currently 4.3 days. Approximately 2.2% of the company's stock are sold short.
View Marten Transport's Short Interest
.

When is Marten Transport's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 16th 2024.
View our MRTN earnings forecast
.

How were Marten Transport's earnings last quarter?

Marten Transport, Ltd. (NASDAQ:MRTN) announced its quarterly earnings results on Thursday, January, 25th. The transportation company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.18 by $0.03. The transportation company earned $268.20 million during the quarter, compared to analyst estimates of $271.62 million. Marten Transport had a net margin of 6.22% and a trailing twelve-month return on equity of 9.48%. The firm's quarterly revenue was down 16.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.31 EPS.

How often does Marten Transport pay dividends? What is the dividend yield for Marten Transport?

Marten Transport announced a quarterly dividend on Tuesday, February 20th. Investors of record on Friday, March 15th will be given a dividend of $0.06 per share on Friday, March 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Thursday, March 14th.
Read our dividend analysis for MRTN
.

Is Marten Transport a good dividend stock?

Marten Transport (NASDAQ:MRTN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.25%. The dividend payout ratio is 27.59%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRTN will have a dividend payout ratio of 18.46% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRTN.

When did Marten Transport's stock split?

Marten Transport shares split on Friday, August 14th 2020. The 3-2 split was announced on Thursday, July 16th 2020. The newly created shares were payable to shareholders after the closing bell on Thursday, August 13th 2020. An investor that had 100 shares of stock prior to the split would have 150 shares after the split.

What is Randy Marten's approval rating as Marten Transport's CEO?

91 employees have rated Marten Transport Chief Executive Officer Randy Marten on Glassdoor.com. Randy Marten has an approval rating of 72% among the company's employees.

What other stocks do shareholders of Marten Transport own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Marten Transport investors own include Pfizer (PFE), AbbVie (ABBV), Chipotle Mexican Grill (CMG), Procter & Gamble (PG), Pentair (PNR), AT&T (T), Abbott Laboratories (ABT), Accenture (ACN), Advanced Micro Devices (AMD) and Cisco Systems (CSCO).

Who are Marten Transport's major shareholders?

Marten Transport's stock is owned by many different retail and institutional investors. Top institutional investors include Dimensional Fund Advisors LP (7.18%), Vanguard Group Inc. (5.34%), Victory Capital Management Inc. (5.16%), Geneva Capital Management LLC (4.08%), First Trust Advisors LP (1.73%) and TimesSquare Capital Management LLC (1.40%). Insiders that own company stock include James J Hinnendael, Jerry M Bauer, John H Turner, Larry B Hagness, Robert L Demorest and Thomas J Winkel.
View institutional ownership trends
.

How do I buy shares of Marten Transport?

Shares of MRTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:MRTN) was last updated on 2/23/2024 by MarketBeat.com Staff