Wall Street brokerages expect that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $208.87 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings. The highest sales estimate is $210.80 million and the lowest is $205.10 million. Marten Transport reported sales of $182.77 million in the same quarter last year, which indicates a positive year-over-year growth rate of 14.3%. The firm is scheduled to issue its next earnings results on Thursday, January 24th.
On average, analysts expect that Marten Transport will report full year sales of $792.47 million for the current financial year, with estimates ranging from $788.70 million to $794.40 million. For the next fiscal year, analysts expect that the business will post sales of $861.20 million, with estimates ranging from $844.10 million to $872.70 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Tuesday, October 16th. The transportation company reported $0.28 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.02. Marten Transport had a return on equity of 8.81% and a net margin of 13.62%. The company had revenue of $199.60 million for the quarter, compared to analysts’ expectations of $203.10 million. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s revenue for the quarter was up 16.9% on a year-over-year basis.
Several equities analysts have weighed in on the company. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research note on Friday, September 14th. Stifel Nicolaus raised Marten Transport from a “sell” rating to a “hold” rating and set a $21.00 target price on the stock in a research note on Wednesday, August 29th. They noted that the move was a valuation call. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research note on Friday, October 19th. Stephens set a $22.00 target price on Marten Transport and gave the company a “hold” rating in a research note on Wednesday, October 17th. Finally, ValuEngine cut Marten Transport from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $23.75.
NASDAQ:MRTN opened at $19.79 on Wednesday. Marten Transport has a fifty-two week low of $18.07 and a fifty-two week high of $29.60. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 31.92 and a beta of 1.40.
Large investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $212,000. Atria Investments LLC bought a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $220,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $228,000. Sawgrass Asset Management LLC grew its stake in shares of Marten Transport by 31.8% in the 2nd quarter. Sawgrass Asset Management LLC now owns 12,920 shares of the transportation company’s stock valued at $303,000 after buying an additional 3,120 shares in the last quarter. Finally, SG Americas Securities LLC bought a new stake in shares of Marten Transport in the 2nd quarter valued at approximately $304,000. 71.25% of the stock is currently owned by institutional investors.
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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