News coverage about Marten Transport (NASDAQ:MRTN) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Marten Transport earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media headlines about the transportation company an impact score of 47.2934701349719 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Marten Transport, Ltd. (MRTN) Lifted to Buy at Zacks Investment Research (americanbankingnews.com)
- Marten Transport, Ltd. (MRTN) Rating Increased to Hold at BidaskClub (americanbankingnews.com)
- Marten Transport, Ltd. (MRTN) to Issue Dividend Increase – $0.03 Per Share (americanbankingnews.com)
- Analysts Expect Marten Transport, Ltd. (MRTN) to Post $0.16 Earnings Per Share (americanbankingnews.com)
- Marten Transport, Ltd. (MRTN) Short Interest Down 26.4% in July (americanbankingnews.com)
Marten Transport (NASDAQ MRTN) traded down 0.32% on Friday, hitting $15.80. The stock had a trading volume of 78,253 shares. Marten Transport has a 12-month low of $11.22 and a 12-month high of $17.90. The company has a market capitalization of $861.29 million, a PE ratio of 25.40 and a beta of 1.27. The company has a 50 day moving average of $16.24 and a 200 day moving average of $15.07.
Marten Transport (NASDAQ:MRTN) last issued its quarterly earnings results on Thursday, July 20th. The transportation company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Marten Transport had a net margin of 4.96% and a return on equity of 7.72%. The company had revenue of $171.51 million during the quarter, compared to analyst estimates of $176.08 million. During the same quarter last year, the business posted $0.26 EPS. Marten Transport’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Marten Transport will post $0.63 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.025 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.10 annualized dividend and a dividend yield of 0.63%. This is a positive change from Marten Transport’s previous quarterly dividend of $0.02. Marten Transport’s dividend payout ratio (DPR) is presently 9.58%.
A number of brokerages have commented on MRTN. Zacks Investment Research upgraded Marten Transport from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Saturday. BidaskClub upgraded Marten Transport from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine upgraded Marten Transport from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Finally, Stifel Nicolaus increased their price objective on Marten Transport from $13.20 to $15.00 and gave the company a “hold” rating in a research report on Tuesday, April 25th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $16.50.
In related news, insider John H. Turner sold 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $25.59, for a total value of $102,360.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Randolph L. Marten sold 50,000 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $25.51, for a total transaction of $1,275,500.00. The disclosure for this sale can be found here. Company insiders own 23.00% of the company’s stock.
About Marten Transport
Marten Transport, Ltd. is a temperature-sensitive truckload carrier. The Company focuses on transporting and distributing food and other consumer-packaged goods that require a temperature-controlled or insulated environment. The Company operates through four segments: Truckload, Dedicated, Intermodal and Brokerage.
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