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.
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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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