Zacks: Brokerages Expect Marten Transport, Ltd (MRTN) to Announce $0.24 Earnings Per Share

Analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will announce earnings of $0.24 per share for the current quarter, according to Zacks. Three analysts have made estimates for Marten Transport’s earnings. Marten Transport posted earnings per share of $0.19 in the same quarter last year, which indicates a positive year-over-year growth rate of 26.3%. The business is scheduled to announce its next earnings results on Thursday, April 18th.

According to Zacks, analysts expect that Marten Transport will report full year earnings of $1.09 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next financial year, analysts expect that the business will report earnings of $1.16 per share, with EPS estimates ranging from $1.05 to $1.30. Zacks’ EPS calculations are an average based on a survey of research analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, January 24th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The company had revenue of $203.96 million for the quarter, compared to analyst estimates of $208.13 million. During the same quarter last year, the company posted $0.16 EPS. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year.

Several equities research analysts recently weighed in on the company. ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, February 22nd. Finally, Zacks Investment Research downgraded Marten Transport from a “hold” rating to a “sell” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has an average rating of “Hold” and an average target price of $20.67.

Shares of NASDAQ MRTN traded down $0.11 during mid-day trading on Monday, hitting $18.19. 97,100 shares of the stock traded hands, compared to its average volume of 236,436. Marten Transport has a twelve month low of $15.39 and a twelve month high of $24.55. The company has a market cap of $995.28 million, a price-to-earnings ratio of 18.19 and a beta of 1.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.03 per share. This is an increase from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.66%. Marten Transport’s dividend payout ratio (DPR) is 12.00%.

In other Marten Transport news, Chairman Randolph L. Marten sold 90,003 shares of Marten Transport stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $19.02, for a total transaction of $1,711,857.06. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert L. Demorest sold 6,250 shares of Marten Transport stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $18.05, for a total value of $112,812.50. Following the transaction, the director now directly owns 20,666 shares in the company, valued at $373,021.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 191,066 shares of company stock worth $3,623,237. 23.00% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Thrivent Financial for Lutherans lifted its holdings in Marten Transport by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 27,673 shares of the transportation company’s stock worth $448,000 after buying an additional 608 shares during the period. Texas Permanent School Fund lifted its holdings in Marten Transport by 3.6% during the 4th quarter. Texas Permanent School Fund now owns 25,304 shares of the transportation company’s stock worth $410,000 after buying an additional 886 shares during the period. Bank of Montreal Can lifted its holdings in Marten Transport by 33.4% during the 4th quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock worth $77,000 after buying an additional 1,193 shares during the period. LPL Financial LLC lifted its holdings in Marten Transport by 9.9% during the 4th quarter. LPL Financial LLC now owns 19,153 shares of the transportation company’s stock worth $310,000 after buying an additional 1,733 shares during the period. Finally, Teachers Advisors LLC lifted its holdings in Marten Transport by 1.4% during the 3rd quarter. Teachers Advisors LLC now owns 147,516 shares of the transportation company’s stock worth $3,105,000 after buying an additional 2,089 shares during the period. 69.41% of the stock is currently owned by hedge funds and other institutional investors.

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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