Marten Transport (NASDAQ:MRTN – Get Free Report) posted its earnings results on Thursday. The transportation company reported $0.12 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.12, Yahoo Finance reports. The business had revenue of $249.67 million for the quarter, compared to analyst estimates of $262.77 million. Marten Transport had a net margin of 5.31% and a return on equity of 7.68%. Marten Transport’s revenue was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 EPS.
Marten Transport Stock Up 3.7 %
NASDAQ MRTN opened at $16.56 on Friday. The stock’s 50-day simple moving average is $18.38 and its two-hundred day simple moving average is $18.98. Marten Transport has a twelve month low of $15.33 and a twelve month high of $23.38. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 23.32 and a beta of 0.79.
Marten Transport Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a $0.06 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.45%. Marten Transport’s dividend payout ratio (DPR) is presently 33.80%.
Hedge Funds Weigh In On Marten Transport
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Stephens dropped their price objective on Marten Transport from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Friday. Vertical Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, January 10th.
Check Out Our Latest Stock Report on MRTN
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.
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