$190.20 Million in Sales Expected for Marten Transport, Ltd (MRTN) This Quarter
Wall Street analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to post sales of $190.20 million for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Marten Transport’s earnings. The highest sales estimate is $195.40 million and the lowest is $185.00 million. Marten Transport posted sales of $173.16 million during the same quarter last year, which would suggest a positive year over year growth rate of 9.8%. The firm is expected to announce its next earnings report on Thursday, April 19th.
On average, analysts expect that Marten Transport will report full-year sales of $190.20 million for the current fiscal year, with estimates ranging from $788.20 million to $819.70 million. For the next financial year, analysts expect that the company will post sales of $869.55 million per share, with estimates ranging from $839.80 million to $899.30 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. Marten Transport had a net margin of 12.93% and a return on equity of 7.17%. The firm had revenue of $182.70 million for the quarter, compared to the consensus estimate of $177.55 million. During the same period last year, the firm posted $0.25 EPS. The company’s revenue was up 5.8% on a year-over-year basis.
In other news, Director Larry B. Hagness sold 12,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $23.39, for a total value of $280,680.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Thomas J. Winkel sold 6,250 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $22.55, for a total transaction of $140,937.50. The disclosure for this sale can be found here. Company insiders own 23.00% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. MetLife Investment Advisors LLC acquired a new stake in shares of Marten Transport in the 4th quarter worth $393,000. Millennium Management LLC acquired a new stake in shares of Marten Transport in the 4th quarter worth $3,448,000. Two Sigma Investments LP lifted its stake in shares of Marten Transport by 72.8% in the 4th quarter. Two Sigma Investments LP now owns 166,247 shares of the transportation company’s stock worth $3,375,000 after acquiring an additional 70,051 shares during the period. Two Sigma Advisers LP lifted its stake in shares of Marten Transport by 7.3% in the 4th quarter. Two Sigma Advisers LP now owns 207,049 shares of the transportation company’s stock worth $4,203,000 after acquiring an additional 14,000 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in shares of Marten Transport by 2.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,706,715 shares of the transportation company’s stock worth $34,646,000 after acquiring an additional 33,146 shares during the period. Institutional investors own 66.22% of the company’s stock.
Marten Transport (NASDAQ:MRTN) opened at $21.80 on Friday. Marten Transport has a 52-week low of $12.99 and a 52-week high of $29.60. The stock has a market cap of $1,177.92, a price-to-earnings ratio of 13.29 and a beta of 1.40.
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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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