Marten Transport (MRTN) Set to Announce Quarterly Earnings on Thursday

Marten Transport (NASDAQ:MRTN) is scheduled to be announcing its earnings results after the market closes on Thursday, July 18th. Analysts expect the company to announce earnings of $0.17 per share for the quarter.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Thursday, April 18th. The transportation company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12. The company had revenue of $249.67 million during the quarter, compared to analysts’ expectations of $262.77 million. Marten Transport had a net margin of 5.31% and a return on equity of 7.65%. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.28 EPS. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marten Transport Price Performance

NASDAQ:MRTN opened at $16.69 on Thursday. The firm has a 50-day moving average of $17.75 and a two-hundred day moving average of $18.45. The stock has a market cap of $1.36 billion, a P/E ratio of 23.51 and a beta of 0.77. Marten Transport has a 1-year low of $15.33 and a 1-year high of $23.38.

Marten Transport Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 14th were given a $0.06 dividend. The ex-dividend date was Friday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.44%. Marten Transport’s payout ratio is currently 33.80%.

Insider Activity

In related news, President Douglas Paul Petit sold 4,500 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $18.22, for a total transaction of $81,990.00. Following the sale, the president now owns 31,600 shares in the company, valued at $575,752. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 22.90% of the company’s stock.

Analyst Ratings Changes

MRTN has been the subject of a number of analyst reports. Vertical Research cut shares of Marten Transport from a “buy” rating to a “hold” rating and decreased their price objective for the company from $22.00 to $19.00 in a research report on Tuesday. Raymond James started coverage on shares of Marten Transport in a research note on Wednesday, May 15th. They issued an “outperform” rating and a $20.00 target price on the stock. Finally, Stephens cut their target price on shares of Marten Transport from $23.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Marten Transport has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

About Marten Transport

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.