Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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. 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, 2021, the company operated a fleet of 3,204 tractors, including 3,111 company-owned tractors and 93 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
Marten Transport Price Performance
Shares of Marten Transport stock traded up $0.18 during trading hours on Friday, reaching $22.88. The company's stock had a trading volume of 329,425 shares, compared to its average volume of 459,527. The stock has a market cap of $1.85 billion, a P/E ratio of 17.73 and a beta of 0.93. Marten Transport has a one year low of $14.72 and a one year high of $22.94. The firm has a 50 day moving average price of $18.48 and a 200-day moving average price of $17.84.
Marten Transport (NASDAQ:MRTN - Get Rating) last announced its quarterly earnings results on Monday, July 18th. The transportation company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.07. The firm had revenue of $329.57 million during the quarter, compared to analysts' expectations of $291.70 million. Marten Transport had a net margin of 9.27% and a return on equity of 16.24%. The company's revenue was up 41.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 EPS. As a group, sell-side analysts forecast that Marten Transport will post 1.38 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Stephens lifted their target price on shares of Marten Transport to $23.00 in a research note on Friday, July 22nd.