Headlines about Marten Transport (NASDAQ:MRTN) have been trending somewhat positive on Thursday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marten Transport earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the transportation company an impact score of 45.0264100754472 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Zacks Investment Research Lowers Marten Transport (MRTN) to Hold (americanbankingnews.com)
- Marten Transport (MRTN) Downgraded to “Buy” at BidaskClub (americanbankingnews.com)
- Marten Transport (MRTN) Stock Rating Upgraded by BidaskClub (americanbankingnews.com)
- Marten Transport (MRTN) Downgraded by BidaskClub (americanbankingnews.com)
- Marten Transport (MRTN) Rating Lowered to Hold at Zacks Investment Research (americanbankingnews.com)
Several research firms have issued reports on MRTN. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Thursday. BidaskClub lowered Marten Transport from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research note on Thursday, March 22nd. Stephens reiterated a “buy” rating and issued a $25.00 price objective on shares of Marten Transport in a research report on Wednesday, January 10th. Finally, Seaport Global Securities upgraded Marten Transport from a “neutral” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, January 26th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Marten Transport has an average rating of “Buy” and a consensus target price of $24.25.
Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings results on Thursday, January 25th. The transportation company reported $0.16 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.16. The firm had revenue of $182.70 million for the quarter, compared to analyst estimates of $177.55 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.25 EPS. analysts anticipate that Marten Transport will post 0.92 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 30th. Investors of record on Monday, March 19th will be paid a $0.025 dividend. The ex-dividend date is Friday, March 16th. This represents a $0.10 annualized dividend and a yield of 0.44%. Marten Transport’s dividend payout ratio (DPR) is presently 6.10%.
In other news, Director Larry B. Hagness sold 12,000 shares of the stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $23.39, for a total value of $280,680.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas J. Winkel sold 6,250 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The disclosure for this sale can be found here. Insiders own 23.00% of the company’s stock.
Marten Transport Company Profile
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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