$208.87 Million in Sales Expected for Marten Transport, Ltd (MRTN) This Quarter

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Analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to announce sales of $208.87 million for the current quarter, according to Zacks. Three analysts have made estimates for Marten Transport’s earnings, with the highest sales estimate coming in at $210.80 million and the lowest estimate coming in at $205.10 million. Marten Transport posted sales of $182.77 million during the same quarter last year, which suggests a positive year over year growth rate of 14.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, January 24th.

According to Zacks, analysts expect that Marten Transport will report full-year sales of $792.47 million for the current financial year, with estimates ranging from $788.70 million to $794.40 million. For the next fiscal year, analysts anticipate that the company will post sales of $861.20 million, with estimates ranging from $844.10 million to $872.70 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Tuesday, October 16th. The transportation company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.02. The firm had revenue of $199.60 million during the quarter, compared to analyst estimates of $203.10 million. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The company’s revenue for the quarter was up 16.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.14 EPS.

Several equities analysts have recently issued reports on MRTN shares. Stifel Nicolaus raised Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 target price for the company in a report on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, September 14th. ValuEngine lowered Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. Finally, Stephens set a $22.00 target price on Marten Transport and gave the company a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. Marten Transport has a consensus rating of “Hold” and a consensus price target of $23.75.

Hedge funds have recently added to or reduced their stakes in the company. Piedmont Investment Advisors LLC bought a new position in shares of Marten Transport in the second quarter valued at approximately $212,000. Atria Investments LLC bought a new position in shares of Marten Transport in the second quarter valued at approximately $220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Marten Transport in the second quarter valued at approximately $228,000. Sawgrass Asset Management LLC lifted its stake in Marten Transport by 31.8% in the second quarter. Sawgrass Asset Management LLC now owns 12,920 shares of the transportation company’s stock valued at $303,000 after purchasing an additional 3,120 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in Marten Transport in the second quarter valued at approximately $304,000. 71.06% of the stock is owned by institutional investors.

MRTN traded down $0.01 during midday trading on Friday, reaching $19.28. 205,500 shares of the company were exchanged, compared to its average volume of 319,824. The firm has a market capitalization of $1.06 billion, a P/E ratio of 30.90 and a beta of 1.39. Marten Transport has a one year low of $17.50 and a one year high of $29.60.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, September 14th were issued a $0.025 dividend. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Thursday, September 13th. Marten Transport’s dividend payout ratio is presently 16.13%.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.

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Earnings History and Estimates for Marten Transport (NASDAQ:MRTN)

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