Marten Transport (NASDAQ:MRTN) Issues Earnings Results, Hits Estimates

Marten Transport (NASDAQ:MRTN) posted its quarterly earnings data on Wednesday. The transportation company reported $0.12 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.12, Yahoo Finance reports. Marten Transport had a return on equity of 9.48% and a net margin of 6.22%. The company had revenue of $249.67 million during the quarter, compared to analyst estimates of $262.77 million. During the same quarter last year, the company earned $0.28 EPS. The firm’s revenue for the quarter was down 16.2% on a year-over-year basis.

Marten Transport Trading Down 1.2 %

Marten Transport stock opened at $15.97 on Friday. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 18.36 and a beta of 0.79. The stock has a fifty day simple moving average of $18.44 and a two-hundred day simple moving average of $19.01. Marten Transport has a 12 month low of $15.87 and a 12 month high of $23.38.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date was Thursday, March 14th. Marten Transport’s payout ratio is 27.59%.

Wall Street Analyst Weigh In

Separately, Vertical Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Wednesday, January 10th.

Institutional Trading of Marten Transport

Institutional investors and hedge funds have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in shares of Marten Transport in the 1st quarter worth $47,000. International Assets Investment Management LLC boosted its stake in shares of Marten Transport by 1,997.7% in the 4th quarter. International Assets Investment Management LLC now owns 2,706 shares of the transportation company’s stock worth $57,000 after buying an additional 2,577 shares during the last quarter. Point72 Middle East FZE purchased a new position in shares of Marten Transport in the 4th quarter worth $71,000. Captrust Financial Advisors boosted its stake in shares of Marten Transport by 108.6% in the 1st quarter. Captrust Financial Advisors now owns 3,790 shares of the transportation company’s stock worth $67,000 after buying an additional 1,973 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Marten Transport in the 1st quarter worth $104,000. Institutional investors own 69.12% of the company’s stock.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.