Wall Street brokerages expect that Marten Transport, Ltd. (NASDAQ:MRTN) will post $238.55 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $236.10 million and the highest estimate coming in at $241.00 million. Marten Transport posted sales of $216.01 million in the same quarter last year, which would indicate a positive year over year growth rate of 10.4%. The business is scheduled to report its next quarterly earnings report on Thursday, October 21st.
According to Zacks, analysts expect that Marten Transport will report full year sales of $938.05 million for the current year, with estimates ranging from $934.10 million to $942.00 million. For the next year, analysts expect that the firm will post sales of $1.00 billion, with estimates ranging from $989.00 million to $1.02 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Wednesday, July 14th. The transportation company reported $0.26 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.26. Marten Transport had a return on equity of 12.07% and a net margin of 8.57%. The firm had revenue of $232.44 million for the quarter, compared to analysts’ expectations of $240.05 million. During the same period in the previous year, the firm earned $0.33 earnings per share. The business’s revenue was up 9.4% compared to the same quarter last year.
Shares of NASDAQ MRTN traded down $0.13 during mid-day trading on Monday, hitting $15.51. 3,998 shares of the stock traded hands, compared to its average volume of 333,180. Marten Transport has a 52 week low of $14.72 and a 52 week high of $19.08. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 16.64 and a beta of 0.97. The stock has a fifty day moving average price of $15.53 and a 200-day moving average price of $16.44.
The company also recently declared a None dividend, which will be paid on Monday, October 4th. Shareholders of record on Monday, September 20th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Friday, September 17th. This represents a yield of 1%. Marten Transport’s dividend payout ratio is currently 19.05%.
In other news, Director Jerry M. Bauer acquired 15,000 shares of the business’s stock in a transaction on Monday, September 20th. The stock was bought at an average cost of $15.07 per share, for a total transaction of $226,050.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 22.50% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in MRTN. BlackRock Inc. increased its position in shares of Marten Transport by 2.0% during the first quarter. BlackRock Inc. now owns 9,748,026 shares of the transportation company’s stock worth $165,422,000 after acquiring an additional 189,372 shares during the period. Victory Capital Management Inc. grew its holdings in shares of Marten Transport by 24.1% during the second quarter. Victory Capital Management Inc. now owns 5,828,859 shares of the transportation company’s stock worth $96,117,000 after purchasing an additional 1,131,063 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Marten Transport by 2.5% during the second quarter. Goldman Sachs Group Inc. now owns 1,560,910 shares of the transportation company’s stock worth $25,739,000 after buying an additional 37,559 shares during the period. Geode Capital Management LLC boosted its stake in shares of Marten Transport by 2.8% during the second quarter. Geode Capital Management LLC now owns 1,215,842 shares of the transportation company’s stock worth $20,049,000 after buying an additional 33,435 shares during the period. Finally, Nuveen Asset Management LLC boosted its stake in shares of Marten Transport by 12.9% during the second quarter. Nuveen Asset Management LLC now owns 1,031,348 shares of the transportation company’s stock worth $17,007,000 after buying an additional 117,507 shares during the period. Institutional investors own 69.53% of the company’s stock.
Marten Transport Company Profile
Marten Transport Ltd. engages in the provision of temperature-sensitive truckload carrier services. It operates through the following segments: Truckload, Dedicated, Intermodal, and Brokerage. The Truckload segment includes transport of food and consumer packaged goods that require a temperature-controlled or insulated environment.
See Also: What is a Call Option?
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.