Marten Transport (NASDAQ:MRTN) Posts Earnings Results, Beats Estimates By $0.02 EPS

Marten Transport (NASDAQ:MRTN) posted its quarterly earnings data on Thursday. The transportation company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02, Briefing.com reports. The firm had revenue of $216.01 million during the quarter, compared to analysts’ expectations of $223.03 million. Marten Transport had a net margin of 7.44% and a return on equity of 10.61%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same quarter last year, the company posted $0.30 EPS.

Marten Transport stock opened at $16.96 on Friday. The firm has a market cap of $1.40 billion, a PE ratio of 21.74 and a beta of 0.97. Marten Transport has a 52-week low of $10.67 and a 52-week high of $20.13. The company’s 50 day moving average is $17.26 and its two-hundred day moving average is $16.68.

A number of research firms recently weighed in on MRTN. BidaskClub cut shares of Marten Transport from a “hold” rating to a “sell” rating in a research report on Saturday, September 19th. Zacks Investment Research raised shares of Marten Transport from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a research report on Wednesday, October 7th. Finally, KeyCorp lowered their price objective on shares of Marten Transport from $31.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $18.17.

In other Marten Transport news, President Timothy M. Kohl sold 25,000 shares of the stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $18.55, for a total transaction of $463,750.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 22.80% of the stock is owned by corporate insiders.

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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Earnings History for Marten Transport (NASDAQ:MRTN)

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