Brokerages Expect Marten Transport, Ltd. (MRTN) Will Post Quarterly Sales of $174.50 Million
Equities analysts expect that Marten Transport, Ltd. (NASDAQ:MRTN) will report $174.50 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $172.80 million and the highest estimate coming in at $176.20 million. Marten Transport posted sales of $172.66 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.1%. The company is expected to announce its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that Marten Transport will report full year sales of $174.50 million for the current fiscal year, with estimates ranging from $688.10 million to $691.60 million. For the next financial year, analysts expect that the company will report sales of $745.75 million per share, with estimates ranging from $743.90 million to $747.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, October 19th. The transportation company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.01. The company had revenue of $170.70 million during the quarter, compared to analysts’ expectations of $169.67 million. Marten Transport had a return on equity of 7.45% and a net margin of 4.87%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.26 earnings per share.
A number of brokerages have recently weighed in on MRTN. Zacks Investment Research raised Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, September 7th. BidaskClub cut Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $15.00 price objective on shares of Marten Transport in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.00.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new stake in shares of Marten Transport in the second quarter valued at $116,000. State of Alaska Department of Revenue grew its stake in shares of Marten Transport by 78.9% in the second quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after buying an additional 2,020 shares in the last quarter. Sei Investments Co. grew its stake in Marten Transport by 109.8% during the 3rd quarter. Sei Investments Co. now owns 6,198 shares of the transportation company’s stock worth $127,000 after purchasing an additional 3,244 shares in the last quarter. BNP Paribas Arbitrage SA grew its stake in Marten Transport by 60.4% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,013 shares of the transportation company’s stock worth $220,000 after purchasing an additional 3,017 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in Marten Transport by 66.4% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 8,720 shares of the transportation company’s stock worth $239,000 after purchasing an additional 3,480 shares in the last quarter. 68.45% of the stock is owned by institutional investors and hedge funds.
Shares of Marten Transport (NASDAQ MRTN) opened at $20.05 on Friday. The stock has a market capitalization of $1,090.00, a price-to-earnings ratio of 32.54 and a beta of 1.34. Marten Transport has a one year low of $12.81 and a one year high of $21.15.
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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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