Marten Transport, Ltd (NASDAQ:MRTN) – Analysts at Seaport Global Securities upped their Q1 2019 earnings estimates for shares of Marten Transport in a report issued on Monday, June 18th. Seaport Global Securities analyst K. Sterling now expects that the transportation company will post earnings per share of $0.27 for the quarter, up from their previous forecast of $0.22.
Marten Transport (NASDAQ:MRTN) last released its quarterly earnings results on Thursday, April 19th. The transportation company reported $0.19 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $187.00 million during the quarter, compared to analyst estimates of $188.70 million. Marten Transport had a return on equity of 7.27% and a net margin of 12.98%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.25 EPS.
Marten Transport opened at $23.75 on Wednesday, according to MarketBeat Ratings. The firm has a market capitalization of $1.29 billion, a PE ratio of 38.39 and a beta of 1.40. Marten Transport has a 12 month low of $15.60 and a 12 month high of $29.60.
A number of institutional investors have recently bought and sold shares of the business. Bogle Investment Management L P DE purchased a new stake in shares of Marten Transport in the fourth quarter worth about $220,000. Trexquant Investment LP purchased a new stake in shares of Marten Transport in the first quarter worth about $245,000. Engineers Gate Manager LP purchased a new stake in shares of Marten Transport in the first quarter worth about $268,000. Teacher Retirement System of Texas purchased a new stake in shares of Marten Transport in the fourth quarter worth about $284,000. Finally, Brown Advisory Securities LLC purchased a new stake in shares of Marten Transport in the fourth quarter worth about $305,000. Institutional investors and hedge funds own 68.10% of the company’s stock.
In other Marten Transport news, VP James J. Hinnendael bought 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, April 25th. The shares were purchased at an average cost of $19.98 per share, for a total transaction of $149,850.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 22.90% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 15th will be paid a dividend of $0.025 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.10 annualized dividend and a yield of 0.42%. Marten Transport’s dividend payout ratio (DPR) is 16.13%.
About Marten Transport
Marten Transport, Ltd. operates as a temperature-sensitive truckload carrier for shippers in the United States, Canada, and Mexico. It 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.
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