Marten Transport, Ltd. (NASDAQ:MRTN) – Stock analysts at Seaport Global Securities lowered their FY2017 EPS estimates for shares of Marten Transport in a report issued on Wednesday. Seaport Global Securities analyst R. Wood now anticipates that the transportation company will post earnings per share of $0.60 for the year, down from their previous estimate of $0.63. Seaport Global Securities also issued estimates for Marten Transport’s Q1 2018 earnings at $0.15 EPS.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $0.17 EPS for the quarter, topping the consensus estimate of $0.15 by $0.02. The firm had revenue of $171.51 million during the quarter, compared to the consensus estimate of $176.08 million. Marten Transport had a return on equity of 7.72% and a net margin of 4.96%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.26 earnings per share.
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A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Marten Transport from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, September 7th. ValuEngine upgraded shares of Marten Transport from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. BidaskClub lowered shares of Marten Transport from a “hold” rating to a “sell” rating in a research note on Friday, August 25th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.00 target price on shares of Marten Transport in a research note on Sunday, October 1st. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $19.00.
Shares of Marten Transport (MRTN) opened at 19.50 on Friday. Marten Transport has a 12 month low of $11.22 and a 12 month high of $21.15. The company’s 50 day moving average price is $18.60 and its 200-day moving average price is $16.18. The stock has a market capitalization of $1.06 billion, a P/E ratio of 31.35 and a beta of 1.32.
Institutional investors and hedge funds have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in Marten Transport by 2.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,688 shares of the transportation company’s stock valued at $111,000 after buying an additional 108 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Marten Transport during the 2nd quarter valued at $116,000. State of Alaska Department of Revenue raised its stake in Marten Transport by 78.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 4,580 shares of the transportation company’s stock valued at $125,000 after buying an additional 2,020 shares during the last quarter. Mason Street Advisors LLC raised its stake in Marten Transport by 7.2% during the 1st quarter. Mason Street Advisors LLC now owns 5,418 shares of the transportation company’s stock valued at $127,000 after buying an additional 365 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in Marten Transport by 17.3% during the 1st quarter. Victory Capital Management Inc. now owns 9,104 shares of the transportation company’s stock valued at $213,000 after buying an additional 1,342 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Friday, September 15th were paid a dividend of $0.025 per share. The ex-dividend date was Thursday, September 14th. This is a positive change from Marten Transport’s previous quarterly dividend of $0.02. This represents a $0.10 dividend on an annualized basis and a yield of 0.51%. Marten Transport’s payout ratio is currently 15.97%.
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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