Marten Transport (MRTN) Expected to Announce Earnings on Thursday

Marten Transport (NASDAQ:MRTN - Get Free Report) is expected to be releasing its earnings data before the market opens on Thursday, April 17th. Analysts expect Marten Transport to post earnings of $0.06 per share and revenue of $228.79 million for the quarter.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings results on Monday, January 27th. The transportation company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.06 by $0.01. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. On average, analysts expect Marten Transport to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Marten Transport Stock Down 0.8 %

Shares of MRTN traded down $0.11 during mid-day trading on Tuesday, reaching $13.28. 466,518 shares of the company's stock were exchanged, compared to its average volume of 397,930. Marten Transport has a 52-week low of $12.52 and a 52-week high of $19.26. The company has a 50-day simple moving average of $14.08 and a two-hundred day simple moving average of $15.59. The company has a market cap of $1.08 billion, a price-to-earnings ratio of 39.06 and a beta of 1.01.

Marten Transport Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 28th. Shareholders of record on Friday, March 14th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend was Friday, March 14th. Marten Transport's payout ratio is 70.59%.

Analyst Ratings Changes

Separately, Stephens increased their price objective on Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Tuesday, January 28th.

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.