Equities analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will post earnings of $0.29 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings. The highest EPS estimate is $0.29 and the lowest is $0.28. Marten Transport posted earnings per share of $0.28 in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The company is expected to report its next quarterly earnings report on Tuesday, October 15th.
On average, analysts expect that Marten Transport will report full-year earnings of $1.12 per share for the current year, with EPS estimates ranging from $1.10 to $1.15. For the next year, analysts anticipate that the firm will report earnings of $1.20 per share, with EPS estimates ranging from $1.15 to $1.30. Zacks’ EPS calculations are an average based on a survey of research firms that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, July 18th. The transportation company reported $0.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.01. Marten Transport had a return on equity of 10.25% and a net margin of 7.33%. The business had revenue of $212.10 million during the quarter, compared to analyst estimates of $208.45 million. During the same quarter in the previous year, the firm earned $0.25 EPS. Marten Transport’s revenue was up 7.7% on a year-over-year basis.
MRTN has been the subject of a number of recent analyst reports. Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Thursday, July 25th. Stifel Nicolaus set a $18.00 target price on Marten Transport and gave the stock a “hold” rating in a research report on Friday, July 19th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, June 28th. Finally, Stephens initiated coverage on Marten Transport in a research report on Monday, July 1st. They issued a “hold” rating for the company. Five analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and a consensus price target of $20.33.
NASDAQ:MRTN traded down $0.07 during mid-day trading on Wednesday, reaching $18.85. The company’s stock had a trading volume of 114,682 shares, compared to its average volume of 206,836. Marten Transport has a 12-month low of $15.39 and a 12-month high of $23.45. The firm’s fifty day simple moving average is $18.70. The stock has a market capitalization of $1.07 billion, a PE ratio of 18.85 and a beta of 1.49.
A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position in shares of Marten Transport by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,563,975 shares of the transportation company’s stock valued at $73,891,000 after buying an additional 42,170 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Marten Transport by 16.2% in the 4th quarter. Geode Capital Management LLC now owns 486,751 shares of the transportation company’s stock valued at $7,880,000 after buying an additional 67,959 shares in the last quarter. Principal Financial Group Inc. raised its position in shares of Marten Transport by 1.3% in the 4th quarter. Principal Financial Group Inc. now owns 336,147 shares of the transportation company’s stock valued at $5,442,000 after buying an additional 4,322 shares in the last quarter. Bank of America Corp DE raised its position in shares of Marten Transport by 9.9% in the 4th quarter. Bank of America Corp DE now owns 154,770 shares of the transportation company’s stock valued at $2,505,000 after buying an additional 13,973 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Marten Transport in the 4th quarter valued at approximately $207,000. 69.54% of the stock is owned by institutional investors and hedge funds.
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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