Marten Transport, Ltd (MRTN) Expected to Announce Quarterly Sales of $203.20 Million

Wall Street brokerages expect Marten Transport, Ltd (NASDAQ:MRTN) to report sales of $203.20 million for the current quarter, according to Zacks. Three analysts have made estimates for Marten Transport’s earnings. The highest sales estimate is $205.80 million and the lowest is $201.40 million. Marten Transport posted sales of $170.68 million during the same quarter last year, which would indicate a positive year over year growth rate of 19.1%. The company is expected to announce its next quarterly earnings results on Thursday, October 18th.

On average, analysts expect that Marten Transport will report full-year sales of $803.20 million for the current financial year, with estimates ranging from $798.50 million to $809.60 million. For the next financial year, analysts forecast that the company will report sales of $890.53 million per share, with estimates ranging from $862.00 million to $920.80 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Marten Transport.

Marten Transport (NASDAQ:MRTN) last released its earnings results on Friday, July 20th. The transportation company reported $0.25 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.03. The firm had revenue of $197.00 million during the quarter, compared to analyst estimates of $193.90 million. Marten Transport had a return on equity of 7.82% and a net margin of 13.15%. The business’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.17 earnings per share.



Several equities analysts recently commented on the company. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Friday, July 20th. BidaskClub lowered Marten Transport from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. Stifel Nicolaus lowered Marten Transport from a “hold” rating to a “sell” rating and set a $20.00 target price for the company. in a research note on Tuesday, July 10th. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Finally, Stephens lowered Marten Transport from an “overweight” rating to an “equal weight” rating in a research note on Friday, April 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $25.25.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its position in Marten Transport by 5.5% during the second quarter. BlackRock Inc. now owns 5,709,153 shares of the transportation company’s stock valued at $133,879,000 after acquiring an additional 297,592 shares during the period. Janus Henderson Group PLC grew its position in Marten Transport by 4.9% during the second quarter. Janus Henderson Group PLC now owns 1,424,401 shares of the transportation company’s stock valued at $33,402,000 after acquiring an additional 67,121 shares during the period. Victory Capital Management Inc. grew its position in Marten Transport by 4,804.6% during the second quarter. Victory Capital Management Inc. now owns 1,034,321 shares of the transportation company’s stock valued at $24,255,000 after acquiring an additional 1,013,232 shares during the period. Northern Trust Corp grew its position in Marten Transport by 1.5% during the first quarter. Northern Trust Corp now owns 916,376 shares of the transportation company’s stock valued at $20,892,000 after acquiring an additional 13,778 shares during the period. Finally, Granite Investment Partners LLC grew its position in Marten Transport by 0.5% during the second quarter. Granite Investment Partners LLC now owns 650,084 shares of the transportation company’s stock valued at $15,244,000 after acquiring an additional 3,047 shares during the period. 68.20% of the stock is owned by hedge funds and other institutional investors.

Marten Transport stock traded up $0.32 during trading on Tuesday, hitting $22.53. The company’s stock had a trading volume of 192,134 shares, compared to its average volume of 418,674. The firm has a market capitalization of $1.21 billion, a P/E ratio of 30.00 and a beta of 1.31. Marten Transport has a 1-year low of $15.60 and a 1-year high of $29.60.

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.

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Earnings History and Estimates for Marten Transport (NASDAQ:MRTN)

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