Marten Transport, Ltd (NASDAQ:MRTN) declared a quarterly dividend on Thursday, March 8th, Wall Street Journal reports. Stockholders of record on Monday, March 19th will be given a dividend of 0.025 per share by the transportation company on Friday, March 30th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date is Friday, March 16th.
Marten Transport (MRTN) opened at $22.90 on Friday. The company has a market capitalization of $1,248.81, a P/E ratio of 36.94 and a beta of 1.40. Marten Transport has a one year low of $12.99 and a one year high of $29.60.
Marten Transport (NASDAQ:MRTN) last released its earnings results on Thursday, January 25th. The transportation company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The company had revenue of $182.70 million during the quarter, compared to analysts’ expectations of $177.55 million. Marten Transport had a return on equity of 7.17% and a net margin of 12.93%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. analysts forecast that Marten Transport will post 0.91 earnings per share for the current year.
In related news, Director Larry B. Hagness sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $23.39, for a total transaction of $280,680.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Thomas J. Winkel sold 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $22.55, for a total value of $140,937.50. The disclosure for this sale can be found here. 23.00% of the stock is owned by company insiders.
Marten Transport Company Profile
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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