Marten Transport (NASDAQ:MRTN) Announces Quarterly Earnings Results

Marten Transport (NASDAQ:MRTN) released its quarterly earnings data on Thursday. The transportation company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.01), FiscalAI reports. The company had revenue of $203.53 million for the quarter, compared to analyst estimates of $207.20 million. Marten Transport had a return on equity of 1.88% and a net margin of 1.68%.The business’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.05 earnings per share.

Marten Transport Price Performance

Shares of Marten Transport stock opened at $14.80 on Friday. The firm has a market cap of $1.21 billion, a P/E ratio of 77.90 and a beta of 0.82. The firm has a 50 day simple moving average of $13.33 and a 200 day simple moving average of $12.04. Marten Transport has a fifty-two week low of $9.35 and a fifty-two week high of $15.42.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 17th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, March 17th. Marten Transport’s dividend payout ratio is 109.09%.

Analyst Upgrades and Downgrades

MRTN has been the topic of several analyst reports. Wall Street Zen raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Saturday, January 31st. Stephens downgraded shares of Marten Transport from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird raised shares of Marten Transport to a “strong-buy” rating in a report on Wednesday, April 1st. Weiss Ratings upgraded shares of Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, April 2nd. Finally, Zacks Research raised shares of Marten Transport from a “strong sell” rating to a “hold” rating in a research note on Friday, March 13th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Marten Transport by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,241,782 shares of the transportation company’s stock valued at $45,217,000 after buying an additional 32,843 shares during the period. State Street Corp boosted its holdings in Marten Transport by 0.7% in the fourth quarter. State Street Corp now owns 2,442,309 shares of the transportation company’s stock valued at $27,793,000 after acquiring an additional 16,547 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Marten Transport by 10.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,232,442 shares of the transportation company’s stock valued at $14,025,000 after acquiring an additional 119,001 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Marten Transport by 128.7% in the fourth quarter. Russell Investments Group Ltd. now owns 924,406 shares of the transportation company’s stock valued at $10,520,000 after acquiring an additional 520,274 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in Marten Transport by 128.4% in the third quarter. Ameriprise Financial Inc. now owns 921,818 shares of the transportation company’s stock worth $9,827,000 after purchasing an additional 518,280 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.