Marten Transport (NASDAQ:MRTN) Posts Earnings Results, Misses Expectations By $0.01 EPS

Marten Transport (NASDAQ:MRTN) issued its quarterly earnings data on Thursday. The transportation company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01), FiscalAI reports. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.The business had revenue of $223.54 million for the quarter, compared to analyst estimates of $227.10 million. During the same period in the previous year, the business posted $0.09 EPS. The business’s quarterly revenue was down 2.8% compared to the same quarter last year.

Marten Transport Price Performance

Marten Transport stock opened at $16.30 on Friday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 95.88 and a beta of 0.93. The firm has a 50-day moving average of $17.27 and a 200-day moving average of $14.77. Marten Transport has a one year low of $9.35 and a one year high of $18.48.

Marten Transport Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, June 16th. Marten Transport’s dividend payout ratio is currently 126.32%.

Institutional Investors Weigh In On Marten Transport

Several large investors have recently made changes to their positions in MRTN. Alliancebernstein L.P. lifted its stake in Marten Transport by 1.7% in the third quarter. Alliancebernstein L.P. now owns 76,690 shares of the transportation company’s stock valued at $818,000 after acquiring an additional 1,271 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Marten Transport by 4.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,496 shares of the transportation company’s stock valued at $473,000 after purchasing an additional 1,447 shares during the last quarter. Sei Investments Co. lifted its stake in Marten Transport by 3.4% in the 3rd quarter. Sei Investments Co. now owns 48,628 shares of the transportation company’s stock valued at $518,000 after purchasing an additional 1,595 shares during the last quarter. Royal Bank of Canada increased its position in Marten Transport by 12.0% during the first quarter. Royal Bank of Canada now owns 17,028 shares of the transportation company’s stock worth $234,000 after buying an additional 1,826 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Marten Transport by 1.8% during the 4th quarter. Swiss National Bank now owns 120,575 shares of the transportation company’s stock worth $1,372,000 after acquiring an additional 2,100 shares during the period. Institutional investors and hedge funds own 69.12% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MRTN shares. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a report on Tuesday, June 30th. Robert W. Baird raised Marten Transport to a “strong-buy” rating in a research report on Wednesday, April 1st. Finally, Stephens cut their target price on Marten Transport from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday. One analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $16.00.

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.