Analysts expect Marten Transport, Ltd (NASDAQ:MRTN) to report sales of $208.87 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Marten Transport’s earnings, with the highest sales estimate coming in at $210.80 million and the lowest estimate coming in at $205.10 million. Marten Transport reported sales of $182.77 million in the same quarter last year, which indicates a positive year over year growth rate of 14.3%. The firm is expected to issue its next earnings report on Thursday, January 24th.

According to Zacks, analysts expect that Marten Transport will report full year sales of $792.47 million for the current fiscal year, with estimates ranging from $788.70 million to $794.40 million. For the next year, analysts anticipate that the firm will report sales of $861.20 million, with estimates ranging from $844.10 million to $872.70 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Marten Transport.

Several research analysts have issued reports on MRTN shares. BidaskClub downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Saturday, December 8th. Zacks Investment Research cut shares of Marten Transport from a “buy” rating to a “hold” rating in a research note on Friday, January 4th. Finally, Stephens set a $22.00 price objective on shares of Marten Transport and gave the company a “hold” rating in a research note on Wednesday, October 17th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $23.00.

Shares of NASDAQ MRTN traded up $0.53 during mid-day trading on Wednesday, reaching $19.39. The company had a trading volume of 354,183 shares, compared to its average volume of 199,797. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 31.27 and a beta of 1.44. Marten Transport has a 52-week low of $15.39 and a 52-week high of $29.60.

The business also recently declared a quarterly dividend, which was paid on Friday, December 28th. Investors of record on Tuesday, December 18th were issued a $0.025 dividend. The ex-dividend date was Monday, December 17th. This represents a $0.10 annualized dividend and a yield of 0.52%. Marten Transport’s dividend payout ratio is presently 16.13%.

Several large investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio grew its position in shares of Marten Transport by 1,765.1% during the second quarter. Public Employees Retirement System of Ohio now owns 47,785 shares of the transportation company’s stock worth $1,121,000 after acquiring an additional 45,223 shares during the last quarter. SG Capital Management LLC purchased a new stake in Marten Transport during the fourth quarter valued at about $476,000. Granite Investment Partners LLC lifted its stake in Marten Transport by 4.1% during the third quarter. Granite Investment Partners LLC now owns 676,747 shares of the transportation company’s stock valued at $14,245,000 after buying an additional 26,663 shares in the last quarter. FMR LLC lifted its stake in Marten Transport by 5.3% during the second quarter. FMR LLC now owns 604,005 shares of the transportation company’s stock valued at $14,164,000 after buying an additional 30,666 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in shares of Marten Transport by 113.2% in the third quarter. Citadel Advisors LLC now owns 253,525 shares of the transportation company’s stock worth $5,337,000 after purchasing an additional 134,636 shares in the last quarter. 70.39% of the stock is currently owned by institutional investors.

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.

Further Reading: Dollar Cost Averaging

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