Marten Transport (MRTN) Expected to Announce Quarterly Earnings on Thursday

Marten Transport (NASDAQ:MRTN) will likely be releasing its earnings data after the market closes on Thursday, January 23rd. Analysts expect Marten Transport to post earnings of $0.06 per share and revenue of $234,343.33 billion for the quarter.

Marten Transport Stock Performance

Shares of NASDAQ:MRTN opened at $16.33 on Wednesday. The stock’s 50-day moving average is $16.41 and its 200-day moving average is $16.92. The company has a market cap of $1.33 billion, a P/E ratio of 38.88 and a beta of 0.83. Marten Transport has a 52-week low of $14.96 and a 52-week high of $20.96.

Marten Transport Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were paid a dividend of $0.06 per share. The ex-dividend date was Friday, December 13th. This represents a $0.24 annualized dividend and a yield of 1.47%. Marten Transport’s payout ratio is 57.14%.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

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

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.