Marten Transport (NASDAQ:MRTN) Releases Earnings Results, Misses Expectations By $0.03 EPS

Marten Transport (NASDAQ:MRTN) released its quarterly earnings data on Thursday. The transportation company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03), FiscalAI reports. The business had revenue of $223.23 million during the quarter, compared to the consensus estimate of $230.37 million. Marten Transport had a return on equity of 1.65% and a net margin of 1.47%.

Marten Transport Trading Down 2.8%

Shares of Marten Transport stock traded down $0.36 on Thursday, reaching $12.30. The stock had a trading volume of 1,077,682 shares, compared to its average volume of 801,385. Marten Transport has a 1 year low of $9.35 and a 1 year high of $18.48. The company has a market cap of $1.00 billion, a P/E ratio of 72.35 and a beta of 1.00. The business’s 50 day moving average is $13.68 and its two-hundred day moving average is $15.26.

Marten Transport Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th were issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 16th. Marten Transport’s dividend payout ratio is presently 141.18%.

Analyst Ratings Changes

MRTN has been the topic of several recent research reports. Weiss Ratings restated a “hold (c-)” rating on shares of Marten Transport in a research report on Friday, September 25th. Stephens cut their price target on Marten Transport from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, Marten Transport currently has an average rating of “Moderate Buy” and an average target price of $16.00.

Marten Transport Company Profile

Marten Transport, Inc is a transportation and logistics company headquartered in Mondovi, Wisconsin. Founded in 1946, the company began as a regional carrier and has developed into a provider of temperature-sensitive and dry freight transportation services.

The company’s operations include refrigerated and dry truck-based transportation, dedicated transportation, intermodal services, and brokerage. Marten Transport serves customers across a range of industries, including food and consumer products, using refrigerated trailers, dry vans, intermodal equipment, and related logistics capabilities.

Marten Transport primarily serves the contiguous United States and also provides transportation services involving Canada and Mexico.