Analysts expect that Marten Transport, Ltd (NASDAQ:MRTN) will announce $0.28 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Marten Transport’s earnings, with estimates ranging from $0.28 to $0.29. Marten Transport posted earnings per share of $0.29 in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.4%. The business is expected to report its next earnings results on Thursday, January 23rd.
According to Zacks, analysts expect that Marten Transport will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.09 to $1.10. For the next year, analysts forecast that the company will post earnings of $1.17 per share, with EPS estimates ranging from $1.15 to $1.22. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that follow Marten Transport.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, October 17th. The transportation company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.02. The business had revenue of $214.97 million for the quarter, compared to the consensus estimate of $208.10 million. Marten Transport had a return on equity of 10.40% and a net margin of 7.36%. The business’s quarterly revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.28 earnings per share.
A number of equities analysts have recently issued reports on MRTN shares. KeyCorp raised Marten Transport from a “sector weight” rating to an “overweight” rating and set a $25.00 price target on the stock in a research report on Monday, September 9th. BidaskClub downgraded Marten Transport from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Stifel Nicolaus set a $18.00 price target on Marten Transport and gave the stock a “hold” rating in a research report on Friday, July 19th. Finally, Zacks Investment Research raised Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, October 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Marten Transport presently has a consensus rating of “Hold” and a consensus target price of $21.67.
Several hedge funds have recently modified their holdings of MRTN. Nisa Investment Advisors LLC increased its position in shares of Marten Transport by 1,073.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 5,466 shares of the transportation company’s stock valued at $114,000 after acquiring an additional 5,000 shares during the period. M&T Bank Corp acquired a new position in shares of Marten Transport in the 2nd quarter valued at $193,000. WINTON GROUP Ltd acquired a new position in shares of Marten Transport in the 2nd quarter valued at $211,000. Van Hulzen Asset Management LLC acquired a new position in shares of Marten Transport in the 3rd quarter valued at $227,000. Finally, Capital Fund Management S.A. increased its position in shares of Marten Transport by 19.3% in the 2nd quarter. Capital Fund Management S.A. now owns 14,200 shares of the transportation company’s stock valued at $258,000 after acquiring an additional 2,300 shares during the period. 68.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of MRTN stock opened at $22.35 on Wednesday. The business’s fifty day simple moving average is $21.42 and its 200-day simple moving average is $19.71. The company has a market cap of $1.23 billion, a PE ratio of 22.35 and a beta of 1.48. Marten Transport has a 12-month low of $15.39 and a 12-month high of $22.80.
Marten Transport Company Profile
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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