Somewhat Favorable Media Coverage Extremely Likely to Affect Marten Transport (MRTN) Share Price
News headlines about Marten Transport (NASDAQ:MRTN) have been trending somewhat positive recently, Alpha One Sentiment Analysis reports. The research group, a division of Accern, scores the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Marten Transport earned a media sentiment score of 0.00 on Alpha One’s scale. Alpha One also assigned media stories about the transportation company an impact score of 95 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the next few days.
Marten Transport (MRTN) traded up 2.40% during mid-day trading on Friday, reaching $25.65. The company’s stock had a trading volume of 132,719 shares. The firm’s 50 day moving average price is $24.19 and its 200 day moving average price is $23.90. Marten Transport has a 52 week low of $18.70 and a 52 week high of $27.05. The firm has a market capitalization of $838.42 million, a P/E ratio of 25.15 and a beta of 1.15.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, April 20th. The transportation company reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $173.20 million during the quarter, compared to analyst estimates of $168.87 million. Marten Transport had a return on equity of 7.89% and a net margin of 4.99%. The firm’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period last year, the company posted $0.25 EPS. On average, analysts anticipate that Marten Transport will post $1.03 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 16th will be paid a dividend of $0.025 per share. This represents a $0.10 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Wednesday, June 14th. Marten Transport’s payout ratio is currently 9.80%.
A number of analysts have commented on MRTN shares. Stifel Nicolaus upgraded Marten Transport from a “sell” rating to a “hold” rating and boosted their target price for the stock from $21.00 to $23.00 in a research report on Friday, February 10th. Zacks Investment Research upgraded Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday, March 29th.
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In other Marten Transport news, Director Thomas J. Winkel sold 2,750 shares of the stock in a transaction on Friday, March 17th. The stock was sold at an average price of $24.35, for a total transaction of $66,962.50. Following the completion of the transaction, the director now directly owns 14,045 shares of the company’s stock, valued at approximately $341,995.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 23.70% of the company’s stock.
About Marten Transport
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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