Marten Transport - MRTN Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marten Transport in the last year. There are currently 1 hold rating and 1 buy rating 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.

2 Wall Street research analysts have issued 1-year target prices for Marten Transport's stock. Their MRTN share price forecasts range from $25.00 to $25.00. On average, they predict the company's share price to reach $25.00 in the next year. This suggests a possible upside of 17.3% 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 $17.16 on January 1st, 2022. Since then, MRTN shares have increased by 24.2% and is now trading at $21.31.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, January 24th 2023.
View our MRTN earnings forecast.

Marten Transport, Ltd. (NASDAQ:MRTN) issued its quarterly earnings results on Monday, October, 17th. The transportation company reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The transportation company had revenue of $324.45 million for the quarter, compared to analysts' expectations of $319.97 million. Marten Transport had a trailing twelve-month return on equity of 16.58% and a net margin of 9.07%. The company's revenue was up 29.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.26 EPS.

Marten Transport declared a quarterly dividend on Tuesday, August 16th. Investors of record on Friday, September 16th will be paid a dividend of $0.06 per share on Friday, September 30th. This represents a $0.24 annualized dividend and a yield of 1.13%. The ex-dividend date is Thursday, September 15th.
Read our dividend analysis for MRTN.

Marten Transport (NASDAQ:MRTN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.15%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRTN will have a dividend payout ratio of 17.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for MRTN.

Marten Transport's stock split before market open on Friday, August 14th 2020. The 3-2 split was announced on Thursday, July 16th 2020. The newly issued 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.

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 a number of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (12.16%), Dimensional Fund Advisors LP (7.40%), Victory Capital Management Inc. (6.44%), Vanguard Group Inc. (5.11%), Geneva Capital Management LLC (4.05%) and State Street Corp (3.29%). Insiders that own company stock include James J Hinnendael, Jerry M Bauer, Jerry M Bauer, John H Turner, Larry B Hagness, Randolph L Marten, Robert L Demorest, Thomas J Winkel and Timothy M Kohl.
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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 $21.31.

Marten Transport (NASDAQ:MRTN) has a market capitalization of $1.73 billion and generates $973.64 million in revenue each year. The transportation company earns $85.43 million in net income (profit) each year or $1.34 on an earnings per share basis.

The company employs 4,007 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.