Marten Transport, Ltd. (MRTN) To Go Ex-Dividend on June 16th

Marten Transport, Ltd. (NASDAQ:MRTN) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Tuesday, June 16th will be given a dividend of 0.06 per share by the transportation company on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, June 16th.

Marten Transport has decreased its dividend payment by an average of 0.2%annually over the last three years. Marten Transport has a dividend payout ratio of 46.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Marten Transport to earn $0.47 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 51.1%.

Marten Transport Trading Down 0.7%

MRTN stock opened at $18.16 on Friday. The business’s 50-day moving average price is $15.69 and its two-hundred day moving average price is $13.50. The firm has a market cap of $1.48 billion, a PE ratio of 95.58 and a beta of 0.93. Marten Transport has a 1-year low of $9.35 and a 1-year high of $18.48.

Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, April 23rd. The transportation company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.01). The business had revenue of $203.53 million for the quarter, compared to the consensus estimate of $207.20 million. Marten Transport had a return on equity of 1.89% and a net margin of 1.68%.The business’s revenue was down 8.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, analysts forecast that Marten Transport will post 0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

MRTN has been the topic of several recent analyst reports. Stephens lowered Marten Transport from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Robert W. Baird upgraded Marten Transport to a “strong-buy” rating in a report on Wednesday, April 1st. Zacks Research upgraded Marten Transport from a “strong sell” rating to a “hold” rating in a report on Friday, March 13th. Finally, Weiss Ratings upgraded Marten Transport from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy”.

Marten Transport Company Profile

Marten Transport, Inc is a North American transportation services provider offering temperature-controlled and dry van truckload services. Founded in 1946 and headquartered in Mondovi, Wisconsin, the company specializes in full truckload, dedicated contract carriage, intermodal and port drayage solutions. Its core focus on refrigerated and produce freight has made it a key partner for food manufacturers, retailers and other shippers requiring strict temperature management.

The company maintains a modern fleet of tractors and trailers equipped with advanced telematics, electronic logging devices and continuous temperature monitoring.