Equities analysts predict that Marten Transport, Ltd (NASDAQ:MRTN) will report $0.22 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Marten Transport’s earnings. The lowest EPS estimate is $0.21 and the highest is $0.22. Marten Transport posted earnings of $0.17 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 29.4%. The firm is expected to report its next earnings report on Thursday, July 19th.

According to Zacks, analysts expect that Marten Transport will report full-year earnings of $0.92 per share for the current year, with EPS estimates ranging from $0.88 to $1.00. For the next year, analysts forecast that the company will post earnings of $1.14 per share, with EPS estimates ranging from $1.04 to $1.25. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Marten Transport.

Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, April 19th. The transportation company reported $0.19 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.19. The firm had revenue of $187.00 million for the quarter, compared to analyst estimates of $188.70 million. Marten Transport had a return on equity of 7.27% and a net margin of 12.98%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.25 EPS.

A number of brokerages have recently weighed in on MRTN. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $25.00 price objective on the stock in a research report on Friday, March 30th. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Thursday, March 22nd. BidaskClub upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Wednesday, March 14th. Finally, Stephens lowered Marten Transport from an “overweight” rating to an “equal weight” rating in a research report on Friday, April 20th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $25.25.

In other news, VP James J. Hinnendael purchased 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 25th. The shares were bought at an average cost of $19.98 per share, for a total transaction of $149,850.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 22.90% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Marten Transport by 2.8% in the first quarter. BlackRock Inc. now owns 5,411,561 shares of the transportation company’s stock worth $123,384,000 after acquiring an additional 149,004 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Marten Transport by 2.0% in the fourth 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 in the last quarter. Northern Trust Corp boosted its holdings in Marten Transport by 1.5% in the first quarter. Northern Trust Corp now owns 916,376 shares of the transportation company’s stock worth $20,892,000 after acquiring an additional 13,778 shares in the last quarter. Clearbridge LLC boosted its holdings in Marten Transport by 10.4% in the fourth quarter. Clearbridge LLC now owns 845,774 shares of the transportation company’s stock worth $17,169,000 after acquiring an additional 79,360 shares in the last quarter. Finally, Next Century Growth Investors LLC boosted its holdings in Marten Transport by 19.3% in the fourth quarter. Next Century Growth Investors LLC now owns 588,749 shares of the transportation company’s stock worth $11,951,000 after acquiring an additional 95,125 shares in the last quarter. Institutional investors own 68.10% of the company’s stock.

Shares of MRTN stock traded up $0.40 during trading hours on Wednesday, reaching $24.00. The company’s stock had a trading volume of 130,615 shares, compared to its average volume of 341,866. The firm has a market cap of $1.30 billion, a P/E ratio of 38.71 and a beta of 1.40. Marten Transport has a one year low of $15.60 and a one year high of $29.60.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be given a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.10 annualized dividend and a dividend yield of 0.42%. Marten Transport’s dividend payout ratio is presently 16.13%.

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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