Equities analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $203.20 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings, with estimates ranging from $201.40 million to $205.80 million. Marten Transport reported sales of $170.68 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The company is scheduled to announce its next earnings report on Thursday, October 18th.

On average, analysts expect that Marten Transport will report full-year sales of $803.20 million for the current financial year, with estimates ranging from $798.50 million to $809.60 million. For the next fiscal year, analysts forecast that the business will report sales of $890.53 million per share, with estimates ranging from $862.00 million to $920.80 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Marten Transport.

Marten Transport (NASDAQ:MRTN) last posted its quarterly earnings data on Friday, July 20th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.22 by $0.03. The firm had revenue of $197.00 million during the quarter, compared to the consensus estimate of $193.90 million. Marten Transport had a net margin of 13.15% and a return on equity of 7.82%. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.17 EPS.

MRTN has been the subject of a number of recent research reports. BidaskClub raised shares of Marten Transport from a “hold” rating to a “buy” rating in a report on Thursday, May 24th. ValuEngine downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Monday, April 23rd. Stephens downgraded shares of Marten Transport from an “overweight” rating to an “equal weight” rating in a report on Friday, April 20th. Zacks Investment Research downgraded shares of Marten Transport from a “buy” rating to a “hold” rating in a report on Saturday, May 26th. Finally, Stifel Nicolaus downgraded shares of Marten Transport from a “hold” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Tuesday, July 10th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $25.25.

Marten Transport traded up $0.32, reaching $22.53, during trading on Tuesday, according to MarketBeat.com. The company’s stock had a trading volume of 192,134 shares, compared to its average volume of 418,674. The company has a market capitalization of $1.21 billion, a P/E ratio of 30.00 and a beta of 1.31. Marten Transport has a 12 month low of $15.60 and a 12 month high of $29.60.

Several institutional investors have recently modified their holdings of the company. United Services Automobile Association lifted its stake in Marten Transport by 33.4% in the 2nd quarter. United Services Automobile Association now owns 14,460 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 3,620 shares during the last quarter. Citadel Advisors LLC lifted its stake in Marten Transport by 147.7% in the 2nd quarter. Citadel Advisors LLC now owns 118,889 shares of the transportation company’s stock valued at $2,788,000 after purchasing an additional 70,892 shares during the last quarter. FMR LLC lifted its stake in Marten Transport by 5.3% in the 2nd quarter. FMR LLC now owns 604,005 shares of the transportation company’s stock valued at $14,164,000 after purchasing an additional 30,666 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in Marten Transport by 8.1% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 106,026 shares of the transportation company’s stock valued at $2,486,000 after purchasing an additional 7,935 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Marten Transport by 5.9% in the 2nd quarter. Legal & General Group Plc now owns 76,625 shares of the transportation company’s stock valued at $1,787,000 after purchasing an additional 4,252 shares during the last quarter. 68.20% of the stock is owned by institutional investors.

About Marten Transport

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.

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Earnings History and Estimates for Marten Transport (NASDAQ:MRTN)

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