Brokerages Expect Marten Transport, Ltd (MRTN) Will Post Quarterly Sales of $203.00 Million
Wall Street brokerages expect Marten Transport, Ltd (NASDAQ:MRTN) to announce $203.00 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Marten Transport’s earnings, with estimates ranging from $198.00 million to $208.50 million. Marten Transport posted sales of $186.96 million in the same quarter last year, which suggests a positive year-over-year growth rate of 8.6%. The company is expected to issue its next quarterly earnings report on Thursday, April 18th.
According to Zacks, analysts expect that Marten Transport will report full-year sales of $852.43 million for the current financial year, with estimates ranging from $837.60 million to $866.50 million. For the next year, analysts expect that the company will report sales of $893.80 million, with estimates ranging from $881.50 million to $907.20 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, January 24th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. The business had revenue of $203.96 million for the quarter, compared to analyst estimates of $208.13 million. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. Marten Transport’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.16 earnings per share.
Shares of MRTN stock traded down $0.17 during trading hours on Friday, reaching $18.31. The company’s stock had a trading volume of 1,950 shares, compared to its average volume of 270,386. The company has a market cap of $1.01 billion, a PE ratio of 18.34 and a beta of 1.53. Marten Transport has a fifty-two week low of $15.39 and a fifty-two week high of $24.75.
In other Marten Transport news, CEO Randolph L. Marten sold 44,959 shares of Marten Transport stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $19.20, for a total value of $863,212.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 174,819 shares of company stock valued at $3,324,780 over the last three months. Corporate insiders own 22.90% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Marten Transport by 4.9% in the 4th quarter. BlackRock Inc. now owns 6,143,577 shares of the transportation company’s stock valued at $99,464,000 after acquiring an additional 288,817 shares during the last quarter. Vanguard Group Inc. raised its position in Marten Transport by 2.4% during the third quarter. Vanguard Group Inc. now owns 2,272,199 shares of the transportation company’s stock worth $47,830,000 after acquiring an additional 53,344 shares during the period. Vanguard Group Inc raised its position in Marten Transport by 2.4% during the third quarter. Vanguard Group Inc now owns 2,272,199 shares of the transportation company’s stock worth $47,830,000 after acquiring an additional 53,344 shares during the period. Victory Capital Management Inc. raised its position in Marten Transport by 32.6% during the fourth quarter. Victory Capital Management Inc. now owns 2,089,169 shares of the transportation company’s stock worth $33,824,000 after acquiring an additional 513,644 shares during the period. Finally, Northern Trust Corp raised its position in Marten Transport by 7.7% during the second quarter. Northern Trust Corp now owns 987,120 shares of the transportation company’s stock worth $23,148,000 after acquiring an additional 70,744 shares during the period. 71.65% of the stock is currently owned by institutional investors and hedge funds.
Marten Transport Company Profile
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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