Marten Transport (MRTN) Projected to Post Quarterly Earnings on Thursday

Marten Transport (NASDAQ:MRTN) will likely be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.06 per share and revenue of $234,343.33 billion for the quarter.

Marten Transport Trading Down 2.7 %

Shares of MRTN opened at $16.05 on Tuesday. Marten Transport has a 1-year low of $14.96 and a 1-year high of $20.96. The firm’s 50-day moving average price is $16.44 and its 200-day moving average price is $16.93. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 38.21 and a beta of 0.83.

Marten Transport Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.06 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a yield of 1.50%. Marten Transport’s dividend payout ratio (DPR) is presently 57.14%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MRTN shares. StockNews.com lowered Marten Transport from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. Raymond James downgraded Marten Transport from an “outperform” rating to a “market perform” rating in a report on Monday, October 14th.

Insider Transactions at Marten Transport

In related news, Director Jerry M. Bauer purchased 10,000 shares of the stock in a transaction dated Wednesday, October 30th. The stock was purchased at an average price of $15.81 per share, with a total value of $158,100.00. Following the transaction, the director now directly owns 156,444 shares in the company, valued at $2,473,379.64. This trade represents a 6.83 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.90% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.