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

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Brokerages expect Marten Transport, Ltd (NASDAQ:MRTN) to announce $208.87 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings, with estimates ranging from $205.10 million to $210.80 million. Marten Transport posted sales of $182.77 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The company is expected to issue its next earnings report on Thursday, January 24th.

On average, analysts expect that Marten Transport will report full-year sales of $792.47 million for the current fiscal year, with estimates ranging from $788.70 million to $794.40 million. For the next fiscal year, analysts expect that the company will report 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 sell-side research analysts that follow Marten Transport.

Several brokerages have recently weighed in on MRTN. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $22.00 target price for the company in a research note on Friday, October 19th. Stephens set a $22.00 target price on shares of Marten Transport and gave the company a “hold” rating in a research note on Wednesday, October 17th. Finally, BidaskClub downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Saturday, December 8th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Marten Transport has an average rating of “Hold” and a consensus target price of $23.00.

Hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its stake in shares of Marten Transport by 33.4% in the fourth quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock valued at $77,000 after purchasing an additional 1,193 shares during the period. Verition Fund Management LLC bought a new position in Marten Transport during the 3rd quarter valued at $236,000. Atria Investments LLC boosted its stake in Marten Transport by 31.4% during the 3rd quarter. Atria Investments LLC now owns 12,337 shares of the transportation company’s stock valued at $260,000 after acquiring an additional 2,948 shares during the last quarter. SG Americas Securities LLC bought a new position in Marten Transport during the 2nd quarter valued at $304,000. Finally, United Services Automobile Association boosted its stake in Marten Transport by 33.4% during the 2nd quarter. United Services Automobile Association now owns 14,460 shares of the transportation company’s stock valued at $339,000 after acquiring an additional 3,620 shares during the last quarter. Institutional investors and hedge funds own 70.39% of the company’s stock.

Shares of MRTN stock traded up $0.26 on Wednesday, hitting $20.10. The stock had a trading volume of 323,478 shares, compared to its average volume of 274,273. The company has a market capitalization of $1.06 billion, a PE ratio of 32.42 and a beta of 1.44. Marten Transport has a 52-week low of $15.39 and a 52-week high of $29.60.

The company also recently announced a quarterly dividend, which was paid on Friday, December 28th. Stockholders of record on Tuesday, December 18th were paid a $0.025 dividend. The ex-dividend date of this dividend was Monday, December 17th. This represents a $0.10 annualized dividend and a dividend yield of 0.50%. Marten Transport’s dividend payout ratio (DPR) 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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