Marten Transport (NASDAQ:MRTN) Announces Earnings Results

Marten Transport (NASDAQ:MRTN) posted its earnings results on Thursday. The transportation company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. The business had revenue of $223.23 million for the quarter, compared to analysts’ expectations of $230.37 million. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.

Marten Transport Trading Down 5.5%

Shares of Marten Transport stock traded down $0.68 during trading on Friday, reaching $11.62. The company’s stock had a trading volume of 275,196 shares, compared to its average volume of 798,704. The company has a 50-day moving average price of $13.62 and a two-hundred day moving average price of $15.24. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $18.48. The firm has a market cap of $949.30 million, a PE ratio of 68.29 and a beta of 1.00.

Marten Transport Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend was Wednesday, September 16th. Marten Transport’s payout ratio is presently 141.18%.

Analysts Set New Price Targets

MRTN has been the subject of a number of research reports. Stephens reduced their price target on shares of Marten Transport from $15.00 to $12.50 and set an “equal weight” rating for the company in a research report on Friday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Marten Transport in a report on Friday, September 25th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $12.50.

Marten Transport Company Profile

Marten Transport, Inc is a transportation and logistics company headquartered in Mondovi, Wisconsin. Founded in 1946, the company began as a regional carrier and has developed into a provider of temperature-sensitive and dry freight transportation services.

The company’s operations include refrigerated and dry truck-based transportation, dedicated transportation, intermodal services, and brokerage. Marten Transport serves customers across a range of industries, including food and consumer products, using refrigerated trailers, dry vans, intermodal equipment, and related logistics capabilities.

Marten Transport primarily serves the contiguous United States and also provides transportation services involving Canada and Mexico.