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 twelve months. 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 analysts have issued 1-year price targets for Marten Transport's shares. Their MRTN share price forecasts range from $25.00 to $25.00. On average, they predict the company's stock price to reach $25.00 in the next twelve months. This suggests a possible upside of 20.9% from the stock's current price.
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Marten Transport's stock was trading at $17.16 on January 1st, 2022. Since then, MRTN shares have increased by 20.5% and is now trading at $20.67.
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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) announced its earnings results on Monday, October, 17th. The transportation company reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.02. The transportation company earned $324.45 million during the quarter, compared to analyst estimates 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 business's revenue was up 29.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 earnings per share.

Marten Transport announced a quarterly dividend on Friday, December 2nd. Shareholders of record on Tuesday, December 13th will be given a dividend of $0.06 per share on Tuesday, December 27th. This represents a $0.24 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Monday, December 12th.
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 1.17%. 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 shares 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 issued 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 a variety of institutional and retail investors. Top institutional investors 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 $20.67.

Marten Transport (NASDAQ:MRTN) has a market capitalization of $1.68 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.