Marten Transport, Ltd. (MRTN) to Post Q3 2017 Earnings of $0.13 Per Share, KeyCorp Forecasts
Marten Transport, Ltd. (NASDAQ:MRTN) – Equities research analysts at KeyCorp decreased their Q3 2017 earnings estimates for shares of Marten Transport in a research note issued on Wednesday. KeyCorp analyst T. Fowler now expects that the transportation company will earn $0.13 per share for the quarter, down from their prior estimate of $0.17. KeyCorp also issued estimates for Marten Transport’s FY2017 earnings at $0.61 EPS.
Other equities analysts have also issued research reports about the company. Zacks Investment Research lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub lowered Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus set a $15.00 price target on Marten Transport and gave the company a “hold” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Marten Transport has an average rating of “Hold” and an average target price of $19.00.
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Shares of Marten Transport (NASDAQ:MRTN) opened at 19.10 on Monday. The company’s 50 day moving average is $18.78 and its 200-day moving average is $16.25. Marten Transport has a 52 week low of $11.22 and a 52 week high of $21.15. The company has a market capitalization of $1.04 billion, a PE ratio of 30.71 and a beta of 1.32.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The business had revenue of $171.51 million for the quarter, compared to analysts’ expectations of $176.08 million. During the same period in the previous year, the business earned $0.26 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis.
The company also recently declared a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were paid a dividend of $0.025 per share. This represents a $0.10 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Thursday, September 14th. This is a positive change from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio is 15.97%.
Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its stake in shares of Marten Transport by 2.4% during the first quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock valued at $111,000 after acquiring an additional 108 shares during the period. SG Americas Securities LLC acquired a new position in shares of Marten Transport during the second quarter valued at $116,000. State of Alaska Department of Revenue lifted its stake in shares of Marten Transport by 78.9% during 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 acquiring an additional 2,020 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Marten Transport by 7.2% during the first quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock valued at $127,000 after acquiring an additional 365 shares during the period. Finally, Victory Capital Management Inc. lifted its stake in shares of Marten Transport by 17.3% during the first quarter. Victory Capital Management Inc. now owns 9,104 shares of the transportation company’s stock valued at $213,000 after acquiring an additional 1,342 shares during the period. 42.36% of the stock is currently owned by institutional investors and hedge funds.
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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