Zacks: Brokerages Expect Marten Transport, Ltd (MRTN) to Announce $0.27 Earnings Per Share

Brokerages expect Marten Transport, Ltd (NASDAQ:MRTN) to announce $0.27 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.26 and the highest is $0.28. Marten Transport reported earnings per share of $0.25 in the same quarter last year, which would suggest a positive year-over-year growth rate of 8%. The company is expected to issue its next earnings report on Tuesday, July 16th.

On average, analysts expect that Marten Transport will report full-year earnings of $1.11 per share for the current year, with EPS estimates ranging from $1.05 to $1.15. For the next fiscal year, analysts anticipate that the business will report earnings of $1.19 per share, with EPS estimates ranging from $1.05 to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Tuesday, April 16th. The transportation company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $199.00 million during the quarter, compared to the consensus estimate of $196.60 million. Marten Transport had a return on equity of 10.23% and a net margin of 7.28%. Marten Transport’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.19 earnings per share.

Several brokerages have recently issued reports on MRTN. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, January 24th. Zacks Investment Research upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Thursday, April 18th. Stifel Nicolaus set a $18.00 target price on shares of Marten Transport and gave the company a “hold” rating in a research report on Wednesday, April 17th. Finally, BidaskClub upgraded shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Five analysts have rated the stock with a hold rating, Marten Transport has a consensus rating of “Hold” and a consensus target price of $19.67.

In other Marten Transport news, Director Thomas J. Winkel sold 6,250 shares of the business’s stock in a transaction that occurred on Monday, April 29th. The shares were sold at an average price of $20.41, for a total transaction of $127,562.50. Following the sale, the director now directly owns 28,241 shares of the company’s stock, valued at approximately $576,398.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.00% of the company’s stock.

Several large investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC lifted its position in shares of Marten Transport by 49.2% during the 3rd quarter. MetLife Investment Advisors LLC now owns 28,903 shares of the transportation company’s stock valued at $608,000 after acquiring an additional 9,527 shares during the period. Legal & General Group Plc lifted its position in shares of Marten Transport by 8.9% during the 3rd quarter. Legal & General Group Plc now owns 83,445 shares of the transportation company’s stock valued at $1,750,000 after acquiring an additional 6,820 shares during the period. Morgan Stanley lifted its position in shares of Marten Transport by 375.6% during the 3rd quarter. Morgan Stanley now owns 694,419 shares of the transportation company’s stock valued at $14,617,000 after acquiring an additional 548,425 shares during the period. Vanguard Group Inc. lifted its position in shares of Marten Transport by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,272,199 shares of the transportation company’s stock valued at $47,830,000 after acquiring an additional 53,344 shares during the period. Finally, Clearbridge Investments LLC lifted its position in shares of Marten Transport by 938,690.4% during the 3rd quarter. Clearbridge Investments LLC now owns 685,317 shares of the transportation company’s stock valued at $14,426,000 after acquiring an additional 685,244 shares during the period. 67.99% of the stock is currently owned by institutional investors.

Shares of NASDAQ MRTN traded down $0.72 during midday trading on Wednesday, hitting $19.02. 1,939 shares of the company’s stock were exchanged, compared to its average volume of 199,645. The company has a market cap of $1.07 billion, a PE ratio of 19.04 and a beta of 1.55. Marten Transport has a twelve month low of $15.39 and a twelve month high of $24.55.

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 14th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.63%. The ex-dividend date is Thursday, June 13th. Marten Transport’s payout ratio is 12.00%.

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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