Brokerages expect that Marten Transport, Ltd (NASDAQ:MRTN) will report $203.00 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $198.00 million and the highest estimate coming in at $208.50 million. Marten Transport reported sales of $186.96 million during the same quarter last year, which would indicate a positive year over year growth rate of 8.6%. The business is expected to announce its next earnings report on Thursday, April 18th.
According to Zacks, analysts expect that Marten Transport will report full-year sales of $852.43 million for the current year, with estimates ranging from $837.60 million to $866.50 million. For the next financial year, analysts anticipate that the firm will report sales of $893.80 million, with estimates ranging from $881.50 million to $907.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Marten Transport.
Marten Transport (NASDAQ:MRTN) last posted its earnings results on Thursday, January 24th. The transportation company reported $0.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm had revenue of $203.96 million for the quarter, compared to analyst estimates of $208.13 million. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. Marten Transport’s revenue was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.16 EPS.
Several research analysts have recently weighed in on MRTN shares. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Thursday, January 24th. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a research report on Saturday, January 19th. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $22.00 price objective for the company in a research report on Friday, October 19th. Finally, Stephens set a $22.00 price target on shares of Marten Transport and gave the stock a “hold” rating in a report on Wednesday, October 17th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $20.67.
Marten Transport stock traded down $0.17 during mid-day trading on Friday, hitting $18.31. 1,950 shares of the company’s stock were exchanged, compared to its average volume of 270,386. Marten Transport has a 1-year low of $15.39 and a 1-year high of $24.75. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 18.34 and a beta of 1.53.
In other news, CEO Randolph L. Marten sold 44,959 shares of the business’s stock in a transaction dated Tuesday, February 5th. The shares were sold at an average price of $19.20, for a total transaction of $863,212.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold 174,819 shares of company stock worth $3,324,780 in the last quarter. Company insiders own 22.90% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Bank of Montreal Can raised its stake in shares of Marten Transport by 33.4% in the 4th quarter. Bank of Montreal Can now owns 4,767 shares of the transportation company’s stock worth $77,000 after buying an additional 1,193 shares in the last quarter. Whittier Trust Co. bought a new position in shares of Marten Transport in the 4th quarter valued at about $91,000. Verition Fund Management LLC acquired a new stake in Marten Transport in the 3rd quarter valued at about $236,000. Oregon Public Employees Retirement Fund acquired a new stake in Marten Transport in the 4th quarter valued at about $238,000. Finally, Atria Investments LLC lifted its stake in Marten Transport by 31.4% in the 3rd quarter. Atria Investments LLC now owns 12,337 shares of the transportation company’s stock valued at $260,000 after purchasing an additional 2,948 shares during the last quarter. Institutional investors own 71.65% of the company’s stock.
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.
Read More: How to Use a Moving Average for Trading
Get a free copy of the Zacks research report on Marten Transport (MRTN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Marten Transport Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Marten Transport and related companies with MarketBeat.com's FREE daily email newsletter.