Marten Transport (MRTN) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Marten Transport in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRTN shares.
View MRTN analyst ratings or view top-rated stocks.

1 brokers have issued 12-month target prices for Marten Transport's shares. Their MRTN share price forecasts range from $27.00 to $27.00. On average, they expect the company's stock price to reach $27.00 in the next twelve months. This suggests a possible upside of 37.0% from the stock's current price.
View analysts price targets for MRTN or view top-rated stocks among Wall Street analysts.

Marten Transport's stock was trading at $19.78 at the beginning of 2023. Since then, MRTN shares have decreased by 0.4% and is now trading at $19.71.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 18th 2023.
View our MRTN earnings forecast.

Marten Transport, Ltd. (NASDAQ:MRTN) issued its earnings results on Wednesday, July, 19th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by $0.01. The transportation company had revenue of $285.67 million for the quarter, compared to the consensus estimate of $296.93 million. Marten Transport had a trailing twelve-month return on equity of 13.42% and a net margin of 7.76%. The firm's revenue for the quarter was down 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.

Marten Transport announced a quarterly dividend on Tuesday, August 15th. Shareholders of record on Friday, September 15th will be paid a dividend of $0.06 per share on Friday, September 29th. This represents a $0.24 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for MRTN.

ETFs with the largest weight of Marten Transport (NASDAQ:MRTN) stock in their portfolio include JPMorgan Active Small Cap Value ETF (JPSV), SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), iShares US Small Cap Value Factor ETF (SVAL) and iShares U.S. Transportation ETF (IYT).Direxion Daily Transportation Bull 3X Shares (TPOR).

Marten Transport (NASDAQ:MRTN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.22%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 20.34%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRTN will have a dividend payout ratio of 19.20% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRTN.

Marten Transport shares split on the morning of Friday, August 14th 2020. The 3-2 split was announced on Thursday, July 16th 2020. The newly minted shares were issued 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.

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.

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).

Marten Transport trades on the NASDAQ under the ticker symbol "MRTN."

Shares of MRTN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRTN stock can currently be purchased for approximately $19.71.

Marten Transport (NASDAQ:MRTN) has a market capitalization of $1.60 billion and generates $1.26 billion in revenue each year. The transportation company earns $110.35 million in net income (profit) each year or $1.18 on an earnings per share basis.

The company employs 4,575 workers across the globe.

Marten Transport's mailing address is 129 MARTEN STREET, MONDOVI WI, 55402. The official website for the company is www.marten.com. The transportation company can be reached via phone at (715) 926-4216, via email at www.marten.com, or via fax at 715-926-4530.