Marten Transport (NASDAQ:MRTN) Releases Earnings Results, Beats Expectations By $0.01 EPS

Marten Transport (NASDAQ:MRTN) issued its quarterly earnings results on Monday. The transportation company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01, Zacks reports. Marten Transport had a return on equity of 4.41% and a net margin of 3.36%.

Marten Transport Stock Up 2.3 %

Shares of NASDAQ MRTN traded up $0.36 during midday trading on Monday, reaching $16.30. The company had a trading volume of 743,685 shares, compared to its average volume of 440,780. The firm’s fifty day moving average price is $16.35 and its 200-day moving average price is $16.90. Marten Transport has a one year low of $14.96 and a one year high of $20.24. The stock has a market cap of $1.33 billion, a PE ratio of 38.81 and a beta of 0.83.

Marten Transport Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.06 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.47%. Marten Transport’s payout ratio is 57.14%.

Insider Buying and Selling at Marten Transport

In related news, Director Jerry M. Bauer purchased 10,000 shares of Marten Transport stock in a transaction that occurred on Wednesday, October 30th. The shares were bought at an average price of $15.81 per share, for a total transaction of $158,100.00. Following the completion of the transaction, the director now directly owns 156,444 shares of the company’s stock, valued at $2,473,379.64. This represents a 6.83 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 22.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MRTN shares. Raymond James cut shares of Marten Transport from an “outperform” rating to a “market perform” rating in a research report on Monday, October 14th. StockNews.com downgraded shares of Marten Transport from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd.

Marten Transport Company Profile

Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United State, Mexico, and Canada. The company 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, as well as dry freight; and regional short-haul and medium-to-long-haul full-load transportation services.