Marten Transport (NASDAQ:MRTN) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Marten Transport (NASDAQ:MRTN) issued its quarterly earnings data on Thursday. The transportation company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%. The firm had revenue of $223.23 million for the quarter, compared to analysts’ expectations of $230.37 million.

Marten Transport Trading Down 2.8%

Shares of NASDAQ MRTN traded down $0.36 during trading hours on Thursday, hitting $12.30. 1,077,682 shares of the company traded hands, compared to its average volume of 801,385. The company’s 50 day moving average price is $13.68 and its 200 day moving average price is $15.26. Marten Transport has a 12 month low of $9.35 and a 12 month high of $18.48. The stock has a market capitalization of $1.00 billion, a price-to-earnings ratio of 72.35 and a beta of 1.00.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Wednesday, September 16th. This represents a $0.24 annualized dividend and a dividend yield of 2.0%. Marten Transport’s payout ratio is currently 141.18%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MRTN. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a research report on Friday, September 25th. Stephens decreased their price target on shares of Marten Transport from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Marten Transport Company Profile

Marten Transport, Inc is a transportation and logistics company headquartered in Mondovi, Wisconsin. Founded in 1946, the company began as a regional carrier and has developed into a provider of temperature-sensitive and dry freight transportation services.

The company’s operations include refrigerated and dry truck-based transportation, dedicated transportation, intermodal services, and brokerage. Marten Transport serves customers across a range of industries, including food and consumer products, using refrigerated trailers, dry vans, intermodal equipment, and related logistics capabilities.

Marten Transport primarily serves the contiguous United States and also provides transportation services involving Canada and Mexico.