Marten Transport, Ltd. (MRTN)
| Market Cap | 1.35B |
| Revenue (ttm) | 1.00B |
| Net Income (ttm) | 33.69M |
| Shares Out | 81.45M |
| EPS (ttm) | 0.41 |
| PE Ratio | 40.47 |
| Forward PE | 43.66 |
| Dividend | $0.24 (1.45%) |
| Ex-Dividend Date | Sep 16, 2024 |
| Volume | 290,612 |
| Open | 16.86 |
| Previous Close | 16.91 |
| Day's Range | 16.36 - 16.88 |
| 52-Week Range | 15.33 - 21.38 |
| Beta | 0.80 |
| Analysts | Buy |
| Price Target | 23.00 (+38.64%) |
| Earnings Date | Oct 17, 2024 |
About MRTN
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. The Dedicated segment offers customized transportation solutions for individual cus... [Read more]
Financial Performance
In 2023, Marten Transport's revenue was $1.13 billion, a decrease of -10.48% compared to the previous year's $1.26 billion. Earnings were $70.37 million, a decrease of -36.23%.
Financial StatementsAnalyst Forecast
According to 3 analysts, the average rating for MRTN stock is "Buy." The 12-month stock price forecast is $23.0, which is an increase of 38.64% from the latest price.
News
Marten Transport Announces Third Quarter Results
MONDOVI, Wis., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $3.8 million, or 5 cents per diluted share, for the third quarter ended September ...
MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND
MONDOVI, Wis., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share ...
Marten Transport Announces Second Quarter Results
MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $7.9 million, or 10 cents per diluted share, for the second quarter ended June 30,...
Marten Transport: On A Road To Recovery Navigating A Freight Recession
Marten Transport is a transportation and logistics company specializing in long-haul trucking and refrigerated transport services across North America. Over the last few quarters, the company has been...
Marten Transport: Signs Of Improvement Justify A Neutral Stance As Earnings Near
Times have been tough for Marten Transport due to weak industry conditions and worsening fundamentals. That picture continues today and may persist in the near term, though there are signs of improvem...
Marten Transport Announces First Quarter Results
MONDOVI, Wis., April 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $9.6 million, or 12 cents per diluted share, for the first quarter ended March 31...
Marten Transport Q4: Beneficial Management Words, Operating Ratio Increases, And Undervalued
Marten Transport reports increases in average miles per trip and quarterly operating ratio, indicating positive performance in the industry. The installation of solar panels in the company's facilitie...
Marten Transport Announces Fourth Quarter and Year End Results
MONDOVI, Wis., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $12.4 million, or 15 cents per diluted share, for the fourth quarter ended Decembe...
MARTEN TRANSPORT APPOINTS ADAM PHILLIPS AS EXECUTIVE VICE PRESIDENT AND CHIEF OPERATING OFFICER
MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive V...
Marten Transport: Undervalued After Recent Pullback
Marten Transport has experienced a recent pullback due to mixed earnings but is currently undervalued. The company operates in four divisions: truckload, dedicated, intermodal, and brokerage, providin...
Marten Transport: A Great Ride That's Now Over
Marten Transport's financial performance has started to weaken after a strong fiscal year in 2022. Revenue and profitability have declined in the current year, likely due to broader economic uncertain...
MARTEN TRANSPORT APPOINTS RANDALL BAIER AS EXECUTIVE VICE PRESIDENT AND CHIEF TECHNOLOGY OFFICER
MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief ...
Marten Transport: A Very Fair Price To Get In At
Marten Transport Ltd saw a YoY decline in net income in Q1 2023 due to rising operating expenses, including higher fuel prices. However, operating revenues grew 3.8% YoY despite a challenging market e...
Marten Transport: Sturdy Business Leads To Sturdy 2022 Results
Marten Transport reports an EPS of $0.31, which is $0.01 higher than last year and revenue beat expectations by $4.43 million to $322.58M. Through its diversified business platforms, the company has b...
Marten revenue up but net income growth lowest in over 2 years
Truckload carrier Marten Transport brought in a lot more revenue in the fourth quarter of 2022 compared to a year earlier but posted a much smaller gain in net income. Net of fuel, operating revenue a...
Marten Transport: Stable Fundamentals But Stock Price Near Its Maximum
Marten Transport, Ltd. maintains a stable performance amidst inflationary headwinds. It outperforms the industry with its above-peer-average growth and margins.
Marten's Q3 mixed compared to year ago but slows from Q2
Marten Transport's earnings, the first out of the gate for truckload carriers, showed some signs of the market weakness that is evident in growing capacity and falling rates, but they weren't quite fl...
Marten Transport: An Outperformer In The Transport Sector
Marten Transport has outperformed the transport sector year-to-date with returns of 14.43%. Transport stocks are cyclical and closely linked to market conditions, however, they are also experiencing a...
Refrigerated carrier Marten posts record results in Q2
Refrigerated carrier Marten Transport achieved another record financial performance during the second quarter of 2022. After the market closed on Monday, the company reported revenue and earnings per ...
Marten Transport Shares Rise After Q2 Results Exceed Expectations
Marten Transport, Ltd (NASDAQ: MRTN) reported second-quarter operating revenue growth of 41.8% year-over-year to $329.6 million, beating the consensus of $282.7 million. The operating income improved ...
Truckload carrier Marten racks up records in strong Q1
Marten Transport had a record-breaking first quarter, with all-time highs in several key categories. Operating revenue was a record at $287.3 million, up 28.8% from the first quarter of 2021, but it ...
Donald Broughton explains why he remains bullish on transportation
Donald Broughton, Broughton Capital, joins 'The Exchange' on why he remains bullish on the transportation sector.
MARTEN TRANSPORT ANNOUNCES DIVIDEND INCREASE
MONDOVI, Wis., March 01, 2022 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a 50% increase in the Company's regular quarterly ca...
Marten Transport Expands Dry Truckload Operations Into Mexico
MONDOVI, Wis., Feb. 14, 2022 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today announced its dry truckload operations have begun hauling dry van products between Mexico and the U.S. wi...
Marten's metrics and bottom line improved in 4th quarter of 2021
Marten rode a significant increase in total fourth-quarter revenue to offset higher salaries and purchased transportation costs, resulting in a 20% increase in operating income and a 26.1% improvement...