Marten Transport (MRTN) Issues Earnings Results

Marten Transport (NASDAQ:MRTN) posted its earnings results on Tuesday. The transportation company reported $0.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01, Briefing.com reports. The business had revenue of $199.00 million during the quarter, compared to analyst estimates of $196.60 million. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS.

Shares of NASDAQ MRTN opened at $18.27 on Wednesday. Marten Transport has a 12 month low of $15.39 and a 12 month high of $24.55. The stock has a market cap of $992.56 million, a PE ratio of 18.27 and a beta of 1.52.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were issued a dividend of $0.03 per share. This is a positive change from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, March 14th. This represents a $0.12 annualized dividend and a dividend yield of 0.66%. Marten Transport’s payout ratio is presently 12.00%.

In other Marten Transport news, Director Robert L. Demorest sold 6,250 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $18.05, for a total value of $112,812.50. Following the completion of the sale, the director now owns 20,666 shares of the company’s stock, valued at $373,021.30. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Randolph L. Marten sold 44,959 shares of the company’s stock in a transaction that occurred on Tuesday, February 5th. The stock was sold at an average price of $19.20, for a total value of $863,212.80. The disclosure for this sale can be found here. Insiders have sold 191,066 shares of company stock valued at $3,623,237 in the last three months. 23.00% of the stock is owned by insiders.

MRTN has been the subject of a number of recent analyst reports. ValuEngine raised Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, January 24th. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Wednesday, December 19th. Finally, BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. Marten Transport currently has an average rating of “Hold” and a consensus price target of $20.67.

ILLEGAL ACTIVITY WARNING: This article was posted by Modern Readers and is owned by of Modern Readers. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright law. The correct version of this article can be viewed at https://www.modernreaders.com/news/2019/04/17/marten-transport-mrtn-issues-earnings-results.html.

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.

Read More: How much money do you need to begin day trading?

Earnings History for Marten Transport (NASDAQ:MRTN)

Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.