Marten Transport (NASDAQ:MRTN) Issues Quarterly Earnings Results

Marten Transport (NASDAQ:MRTN - Get Free Report) released its quarterly earnings results on Wednesday. The transportation company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05, Zacks reports. Marten Transport had a net margin of 2.79% and a return on equity of 3.52%. The firm had revenue of $223.15 million during the quarter, compared to analyst estimates of $228.79 million.

Marten Transport Trading Up 3.4 %

Shares of MRTN stock traded up $0.43 during trading hours on Friday, hitting $13.26. 546,388 shares of the company's stock were exchanged, compared to its average volume of 395,519. The company has a market capitalization of $1.08 billion, a PE ratio of 39.00 and a beta of 1.01. The business's 50 day simple moving average is $13.97 and its 200-day simple moving average is $15.51. Marten Transport has a 12-month low of $12.52 and a 12-month high of $19.26.

Marten Transport Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 28th. Investors of record on Friday, March 14th were given a $0.06 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.24 annualized dividend and a yield of 1.81%. Marten Transport's dividend payout ratio (DPR) is presently 88.89%.

Analysts Set New Price Targets

Separately, Stephens lifted their price target on shares of Marten Transport from $18.00 to $19.00 and gave the company an "overweight" rating in a research report 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.