Marten Transport (NASDAQ:MRTN) will be posting its quarterly earnings results after the market closes on Tuesday, October 16th. Analysts expect Marten Transport to post earnings of $0.25 per share for the quarter.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Friday, July 20th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. The company had revenue of $197.00 million for the quarter, compared to the consensus estimate of $193.90 million. Marten Transport had a net margin of 13.15% and a return on equity of 7.82%. The firm’s revenue was up 14.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.17 earnings per share. On average, analysts expect Marten Transport to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
MRTN opened at $20.10 on Tuesday. The company has a market capitalization of $1.15 billion, a P/E ratio of 32.34 and a beta of 1.39. Marten Transport has a 12-month low of $17.50 and a 12-month high of $29.60.
A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, September 14th. Stifel Nicolaus downgraded shares of Marten Transport from a “hold” rating to a “sell” rating and set a $20.00 price objective on the stock. in a report on Tuesday, July 10th. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Wednesday, September 19th. Finally, ValuEngine downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, September 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.50.
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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