Marten Transport (MRTN) to Release Earnings on Thursday

Marten Transport (NASDAQ:MRTN - Get Free Report) is expected to be announcing its earnings results after the market closes on Thursday, January 23rd. Analysts expect the company to announce earnings of $0.06 per share and revenue of $234,343.33 billion for the quarter.

Marten Transport (NASDAQ:MRTN - Get Free Report) last released its quarterly earnings data on Thursday, October 17th. The transportation company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.02). Marten Transport had a return on equity of 4.41% and a net margin of 3.36%. The business had revenue of $237.37 million for the quarter, compared to analyst estimates of $244.00 million. On average, analysts expect Marten Transport to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Marten Transport Stock Up 3.8 %

MRTN stock traded up $0.61 during midday trading on Thursday, reaching $16.49. The company had a trading volume of 350,830 shares, compared to its average volume of 473,533. The firm has a market capitalization of $1.34 billion, a PE ratio of 39.26 and a beta of 0.83. The stock has a 50 day moving average price of $16.55 and a 200 day moving average price of $16.98. Marten Transport has a fifty-two week low of $14.96 and a fifty-two week high of $20.96.

Marten Transport Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.06 per share. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.46%. Marten Transport's dividend payout ratio is currently 57.14%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. StockNews.com lowered shares of Marten Transport from a "hold" rating to a "sell" rating in a research note on Wednesday, October 2nd. Raymond James downgraded Marten Transport from an "outperform" rating to a "market perform" rating in a research report on Monday, October 14th.

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.