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 1 year price objectives for Marten Transport's stock. Their MRTN share price forecasts range from $27.00 to $27.00. On average, they expect the company's share price to reach $27.00 in the next twelve months. This suggests a possible upside of 34.3% 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 start of the year. Since then, MRTN stock has increased by 1.7% and is now trading at $20.11.
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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) posted its quarterly earnings results on Wednesday, July, 19th. The transportation company reported $0.27 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.28 by $0.01. The transportation company earned $285.67 million during the quarter, compared to analysts' expectations 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 business's quarterly revenue was down 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.39 EPS.

Marten Transport declared a quarterly dividend on Tuesday, August 15th. Investors 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 1.19%. 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 1.20%. 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.

Shares of Marten Transport 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 payable to shareholders after the market closes 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."

Marten Transport's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (11.19%), Dimensional Fund Advisors LP (7.17%), Victory Capital Management Inc. (5.45%), Geneva Capital Management LLC (4.09%), State Street Corp (2.68%) and William Blair Investment Management LLC (2.04%). Insiders that own company stock include James J Hinnendael, Jerry M Bauer, Jerry M Bauer, John H Turner, Larry B Hagness, Robert L Demorest and Thomas J Winkel.
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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 $20.11.

Marten Transport (NASDAQ:MRTN) has a market capitalization of $1.63 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.