Marten Transport (NASDAQ:MRTN) Issues Earnings Results

Marten Transport (NASDAQ:MRTN) issued its quarterly earnings data on Monday. The transportation company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 %

NASDAQ:MRTN opened at $16.30 on Tuesday. The company has a market cap of $1.33 billion, a P/E ratio of 38.81 and a beta of 0.83. The firm’s 50 day moving average is $16.33 and its two-hundred day moving average is $16.90. Marten Transport has a fifty-two week low of $14.96 and a fifty-two week high of $20.24.

Marten Transport Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were issued a $0.06 dividend. The ex-dividend date 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

In other Marten Transport news, Director Jerry M. Bauer bought 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased at an average price of $15.81 per share, with a total value of $158,100.00. Following the transaction, the director now owns 156,444 shares in the company, valued at $2,473,379.64. This trade represents a 6.83 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 22.90% of the company’s stock.

Wall Street Analyst Weigh In

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

About Marten Transport

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.