Marten Transport - MRTN Stock Forecast, Price & News

2 Wall Street 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 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 price targets for Marten Transport's shares. Their MRTN share price forecasts range from $25.00 to $25.00. On average, they expect the company's share price to reach $25.00 in the next twelve months. This suggests a possible upside of 23.3% 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 beginning of 2023. Since then, MRTN shares have increased by 2.5% and is now trading at $20.28.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, April 18th 2023.
View our MRTN earnings forecast.

Marten Transport, Ltd. (NASDAQ:MRTN) released its quarterly earnings results on Tuesday, January, 24th. The transportation company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.30 by $0.01. The transportation company had revenue of $322.58 million for the quarter, compared to analyst estimates of $318.20 million. Marten Transport had a net margin of 8.73% and a trailing twelve-month return on equity of 16.38%. The business's revenue for the quarter was up 20.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.30 earnings per share.

Marten Transport announced a quarterly dividend on Monday, February 20th. Shareholders of record on Friday, March 17th will be paid a dividend of $0.06 per share on Friday, March 31st. This represents a $0.24 annualized dividend and a yield of 1.18%. The ex-dividend date is Thursday, March 16th.
Read our dividend analysis for MRTN.

ETFs with the largest weight of Marten Transport (NASDAQ:MRTN) stock in their portfolio include SPDR S&P Transportation ETF (XTN), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Invesco S&P SmallCap Industrials ETF (PSCI), iShares US Small Cap Value Factor ETF (SVAL), First Trust Small Cap Value AlphaDEX Fund (FYT), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap Momentum ETF (XSMO) and Janus Henderson Small Cap Growth Alpha ETF (JSML).

Marten Transport (NASDAQ:MRTN) pays an annual dividend of $0.24 per share and currently has a dividend yield of 1.19%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 17.78%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, MRTN will have a dividend payout ratio of 15.79% 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 minted shares were distributed 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 number of institutional and retail investors. Top institutional shareholders include Dimensional Fund Advisors LP (7.45%), Victory Capital Management Inc. (5.75%), Victory Capital Management Inc. (5.75%), Victory Capital Management Inc. (5.64%), Geneva Capital Management LLC (4.05%) and William Blair Investment Management LLC (2.00%). 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 $20.28.

Marten Transport (NASDAQ:MRTN) has a market capitalization of $1.65 billion and generates $1.26 billion in revenue each year. The transportation company earns $110.35 million in net income (profit) each year or $1.35 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.