Marten Transport (MRTN) to Release Earnings on Thursday

Marten Transport (NASDAQ:MRTN) is expected to be releasing its earnings data after the market closes on Thursday, January 23rd. Analysts expect Marten Transport to post earnings of $0.06 per share and revenue of $234,343.33 billion for the quarter.

Marten Transport (NASDAQ:MRTN) last issued its earnings results on Thursday, October 17th. The transportation company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.02). The company had revenue of $237.37 million for the quarter, compared to analysts’ expectations of $244.00 million. Marten Transport had a return on equity of 4.41% and a net margin of 3.36%. On average, analysts expect Marten Transport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Marten Transport Stock Performance

Shares of NASDAQ MRTN opened at $15.88 on Thursday. The firm has a market capitalization of $1.29 billion, a P/E ratio of 37.81 and a beta of 0.83. Marten Transport has a one year low of $14.96 and a one year high of $20.96. The company’s fifty day moving average is $16.59 and its two-hundred day moving average is $16.99.

Marten Transport Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.51%. Marten Transport’s payout ratio is currently 57.14%.

Insider Buying and Selling

In other Marten Transport news, Director Jerry M. Bauer acquired 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The shares were acquired at an average cost of $15.81 per share, for a total transaction of $158,100.00. Following the transaction, the director now directly owns 156,444 shares of the company’s stock, valued at approximately $2,473,379.64. This represents a 6.83 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 22.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MRTN shares. Raymond James lowered shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. StockNews.com lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.