Marten Transport (NASDAQ:MRTN) Earns Daily Media Sentiment Score of 0.15
News articles about Marten Transport (NASDAQ:MRTN) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marten Transport earned a news impact score of 0.15 on Accern’s scale. Accern also assigned news articles about the transportation company an impact score of 46.463476837643 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
A number of analysts recently issued reports on MRTN shares. Stifel Nicolaus raised their price target on Marten Transport from $13.20 to $15.00 and gave the stock a “hold” rating in a research report on Tuesday, April 25th. Zacks Investment Research downgraded Marten Transport from a “hold” rating to a “sell” rating in a research report on Wednesday, June 21st. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, BidaskClub downgraded Marten Transport from a “hold” rating to a “sell” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. Marten Transport has a consensus rating of “Hold” and a consensus price target of $17.00.
Shares of Marten Transport (MRTN) opened at 16.05 on Friday. The stock has a market cap of $874.92 million, a price-to-earnings ratio of 25.80 and a beta of 1.27. The firm has a 50-day moving average price of $16.28 and a 200-day moving average price of $14.99. Marten Transport has a 1-year low of $11.22 and a 1-year high of $17.90.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.02. The company had revenue of $171.51 million for the quarter, compared to analyst estimates of $176.08 million. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.26 earnings per share. Equities analysts forecast that Marten Transport will post $0.63 EPS for the current year.
In other news, Chairman Randolph L. Marten sold 50,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $25.51, for a total value of $1,275,500.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider John H. Turner sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. The disclosure for this sale can be found here. Corporate insiders own 23.00% of the company’s stock.
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About Marten Transport
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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