Marten Transport, Ltd (NASDAQ:MRTN) – Research analysts at KeyCorp decreased their Q1 2019 earnings per share estimates for Marten Transport in a report issued on Wednesday, March 13th. KeyCorp analyst T. Fowler now anticipates that the transportation company will post earnings per share of $0.24 for the quarter, down from their previous forecast of $0.25. KeyCorp also issued estimates for Marten Transport’s Q2 2019 earnings at $0.26 EPS, FY2019 earnings at $1.05 EPS and FY2020 earnings at $1.15 EPS.
Marten Transport (NASDAQ:MRTN) last announced its quarterly earnings data on Thursday, January 24th. The transportation company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.02. Marten Transport had a return on equity of 9.89% and a net margin of 6.99%. The business had revenue of $203.96 million during the quarter, compared to analysts’ expectations of $208.13 million. During the same period in the previous year, the firm earned $0.16 earnings per share. The firm’s quarterly revenue was up 11.6% compared to the same quarter last year.
Shares of Marten Transport stock opened at $18.09 on Friday. Marten Transport has a 12 month low of $15.39 and a 12 month high of $24.75. The firm has a market cap of $990.80 million, a P/E ratio of 18.09 and a beta of 1.53.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 15th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.66%. This is a boost from Marten Transport’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend is Thursday, March 14th. Marten Transport’s payout ratio is presently 10.00%.
In other Marten Transport news, CEO Randolph L. Marten sold 44,959 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $19.20, for a total value of $863,212.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last three months, insiders sold 184,816 shares of company stock valued at $3,510,424. Insiders own 22.90% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its stake in Marten Transport by 2.2% in the fourth quarter. Thrivent Financial for Lutherans now owns 27,673 shares of the transportation company’s stock valued at $448,000 after acquiring an additional 608 shares during the period. Texas Permanent School Fund boosted its position in shares of Marten Transport by 3.6% during the fourth quarter. Texas Permanent School Fund now owns 25,304 shares of the transportation company’s stock worth $410,000 after buying an additional 886 shares during the period. Bank of Montreal Can boosted its position in shares of Marten Transport by 33.4% during the fourth 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 during the period. LPL Financial LLC boosted its position in shares of Marten Transport by 9.9% during the fourth quarter. LPL Financial LLC now owns 19,153 shares of the transportation company’s stock worth $310,000 after buying an additional 1,733 shares during the period. Finally, Teachers Advisors LLC boosted its position in shares of Marten Transport by 1.4% during the third quarter. Teachers Advisors LLC now owns 147,516 shares of the transportation company’s stock worth $3,105,000 after buying an additional 2,089 shares during the period. 69.55% of the stock is owned by hedge funds and other institutional investors.
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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