Analysts forecast that Marten Transport, Ltd (NASDAQ:MRTN) will post sales of $213.10 million for the current quarter, according to Zacks. Three analysts have issued estimates for Marten Transport’s earnings, with the lowest sales estimate coming in at $211.30 million and the highest estimate coming in at $214.20 million. Marten Transport posted sales of $199.65 million in the same quarter last year, which suggests a positive year-over-year growth rate of 6.7%. The company is scheduled to report its next quarterly earnings results on Tuesday, October 15th.
On average, analysts expect that Marten Transport will report full-year sales of $844.93 million for the current year, with estimates ranging from $842.40 million to $848.10 million. For the next fiscal year, analysts expect that the business will post sales of $884.60 million, with estimates ranging from $873.80 million to $893.10 million. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Marten Transport.
Marten Transport (NASDAQ:MRTN) last announced its earnings results on Thursday, July 18th. The transportation company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Marten Transport had a net margin of 7.33% and a return on equity of 10.25%. The business had revenue of $212.10 million during the quarter, compared to analysts’ expectations of $208.45 million. During the same period in the prior year, the company earned $0.25 earnings per share. The business’s revenue was up 7.7% compared to the same quarter last year.
MRTN has been the subject of a number of research reports. BidaskClub raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Friday, June 28th. Zacks Investment Research raised shares of Marten Transport from a “sell” rating to a “hold” rating in a report on Thursday, August 8th. Stifel Nicolaus set a $18.00 target price on shares of Marten Transport and gave the company a “hold” rating in a report on Friday, July 19th. Finally, Stephens initiated coverage on shares of Marten Transport in a report on Monday, July 1st. They issued a “hold” rating for the company. Five investment analysts have rated the stock with a hold rating, Marten Transport presently has an average rating of “Hold” and an average target price of $20.33.
Several institutional investors have recently modified their holdings of MRTN. Princeton Global Asset Management LLC purchased a new stake in shares of Marten Transport in the first quarter valued at about $35,000. Quantamental Technologies LLC lifted its holdings in shares of Marten Transport by 2,408.3% in the first quarter. Quantamental Technologies LLC now owns 3,311 shares of the transportation company’s stock valued at $59,000 after purchasing an additional 3,179 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Marten Transport by 421.9% in the first quarter. BNP Paribas Arbitrage SA now owns 8,199 shares of the transportation company’s stock valued at $146,000 after purchasing an additional 6,628 shares in the last quarter. Algert Global LLC purchased a new stake in shares of Marten Transport in the first quarter valued at about $183,000. Finally, M&T Bank Corp purchased a new stake in shares of Marten Transport in the second quarter valued at about $193,000. Institutional investors and hedge funds own 69.60% of the company’s stock.
Shares of NASDAQ:MRTN traded down $0.14 on Friday, reaching $18.68. The company’s stock had a trading volume of 179,500 shares, compared to its average volume of 204,653. The business has a 50-day moving average price of $18.90. Marten Transport has a 52-week low of $15.39 and a 52-week high of $23.45. The company has a market cap of $1.05 billion, a PE ratio of 18.62 and a beta of 1.49.
About Marten Transport
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.
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