Equities research analysts expect that Marten Transport, Ltd. (NASDAQ:MRTN) will announce earnings per share (EPS) of $0.16 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Marten Transport’s earnings, with estimates ranging from $0.15 to $0.17. Marten Transport also posted earnings of $0.16 per share during the same quarter last year. The firm is expected to announce its next earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Marten Transport will report full year earnings of $0.63 per share for the current financial year, with EPS estimates ranging from $0.62 to $0.65. For the next financial year, analysts expect that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.68 to $0.75. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Marten Transport.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The business had revenue of $171.51 million for the quarter, compared to analyst estimates of $176.08 million. During the same quarter last year, the firm posted $0.26 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year.

Several brokerages have recently commented on MRTN. Stifel Nicolaus upped their price target on Marten Transport from $13.20 to $15.00 and gave the company a “hold” rating in a research note on Tuesday, April 25th. BidaskClub raised Marten Transport from a “sell” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price objective on the stock in a report on Tuesday, July 25th. Finally, ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Marten Transport currently has an average rating of “Hold” and a consensus target price of $17.00.

In related news, insider John H. Turner sold 4,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $25.59, for a total value of $102,360.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman Randolph L. Marten sold 50,000 shares of the business’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $25.51, for a total value of $1,275,500.00. The disclosure for this sale can be found here. 23.00% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of MRTN. Comerica Bank increased its stake in Marten Transport by 4.5% in the first quarter. Comerica Bank now owns 25,565 shares of the transportation company’s stock valued at $639,000 after buying an additional 1,095 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Marten Transport by 4.5% in the first quarter. Bank of New York Mellon Corp now owns 1,148,132 shares of the transportation company’s stock valued at $26,923,000 after buying an additional 49,123 shares in the last quarter. US Bancorp DE increased its stake in Marten Transport by 9.0% in the first quarter. US Bancorp DE now owns 26,905 shares of the transportation company’s stock valued at $631,000 after buying an additional 2,228 shares in the last quarter. Falcon Point Capital LLC increased its stake in Marten Transport by 3.1% in the first quarter. Falcon Point Capital LLC now owns 27,314 shares of the transportation company’s stock valued at $641,000 after buying an additional 833 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its stake in Marten Transport by 6.4% in the first quarter. Great West Life Assurance Co. Can now owns 34,534 shares of the transportation company’s stock valued at $809,000 after buying an additional 2,083 shares in the last quarter. Hedge funds and other institutional investors own 41.47% of the company’s stock.

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Marten Transport (NASDAQ MRTN) traded down 0.61% during mid-day trading on Wednesday, reaching $16.20. The company’s stock had a trading volume of 48,622 shares. The stock has a market cap of $883.09 million, a price-to-earnings ratio of 26.05 and a beta of 1.27. The firm’s 50 day moving average price is $16.91 and its 200 day moving average price is $22.48. Marten Transport has a 12-month low of $11.22 and a 12-month high of $17.90.

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

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