Marten Transport, Ltd. (MRTN)

NASDAQ: MRTN · IEX Real-Time Price · USD
16.30
-0.46 (-2.74%)
Apr 17, 2024, 2:20 PM EDT - Market open
-2.74%
Market Cap 1.33B
Revenue (ttm) 1.13B
Net Income (ttm) 70.37M
Shares Out 81.33M
EPS (ttm) 0.86
PE Ratio 18.99
Forward PE 18.62
Dividend $0.24 (1.47%)
Ex-Dividend Date Mar 14, 2024
Volume 372,950
Open 16.39
Previous Close 16.76
Day's Range 16.26 - 16.54
52-Week Range 16.26 - 23.38
Beta 0.79
Analysts Strong Buy
Price Target 26.00 (+59.51%)
Earnings Date Apr 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]

Industry Trucking
Sector Industrials
IPO Date Sep 25, 1986
Employees 4,213
Stock Exchange NASDAQ
Ticker Symbol MRTN
Full Company Profile

Financial Performance

In 2023, MRTN'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 Statements

Analyst Forecast

According to 2 analysts, the average rating for MRTN stock is "Strong Buy." The 12-month stock price forecast is $26.0, which is an increase of 59.51% from the latest price.

Price Target
$26.0
(59.51% upside)
Analyst Consensus: Strong Buy
Stock Forecasts

News

MARTEN TRANSPORT DECLARES QUARTERLY DIVIDEND

MONDOVI, Wis., Feb. 20, 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 o...

2 months ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

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...

4 months ago - GlobeNewsWire

Marten Transport Announces Third Quarter Results

MONDOVI, Wis., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $13.6 million, or 17 cents per diluted share, for the third quarter ended Septembe...

6 months ago - GlobeNewsWire

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 ...

8 months ago - GlobeNewsWire

Marten Transport Announces Second Quarter Results

MONDOVI, Wis., July 19, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $21.9 million, or 27 cents per diluted share, for the second quarter ended June 30...

9 months ago - GlobeNewsWire

Marten Transport Announces First Quarter Results

MONDOVI, Wis., April 18, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported net income of $22.5 million, or 28 cents per diluted share, for the first quarter ended March 3...

1 year ago - GlobeNewsWire

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...

1 year ago - FreightWaves

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...

1 year ago - FreightWaves

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 ...

1 year ago - FreightWaves

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 ...

1 year ago - Benzinga

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 ...

2 years ago - FreightWaves

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.

Other symbols: JBHT
2 years ago - CNBC Television

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...

2 years ago - GlobeNewsWire

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...

2 years ago - GlobeNewsWire

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...

2 years ago - FreightWaves

4 Stocks With High Forward Rates of Return

Donald Yacktman, a well-known value investor and founder of the AMG Yacktman Fund (Trades, Portfolio), takes the "forward rate of return" highly into account when he wants to evaluate the attractivene...

Other symbols: LRNWGO
2 years ago - GuruFocus

Marten Transport's Earnings Outlook

MRTN is set to give its latest quarterly earnings report on Tuesday, 2021-10-19. Here's what investors need to know before the announcement.

2 years ago - Benzinga

Marten Transport sends fleetwide message about operating ‘systems issues'

Truck drivers for Wisconsin-based truckload carrier Marten Transport say they received two fleetwide messages Tuesday afternoon from the company's top executive thanking them for their patience as the...

2 years ago - FreightWaves

Breaking: Marten Transport falls victim to possible cyberattack

Wisconsin-based truckload carrier Marten Transport was targeted in an apparent cyberattack that knocked out its operating system around 2:30 p.m. CDT on Sunday, according to a source familiar with the...

2 years ago - FreightWaves

The Top Insider Buys of the Week

Brian Sullivan details the top 5 company executive stock purchases of this past week, including a massive buy by the CEO of a well-known retail chain.

Other symbols: DBIEPDOSCRTSE
2 years ago - CNBC Television

MARTEN TRANSPORT APPOINTS DOUGLAS PETIT AS PRESIDENT

MONDOVI, Wis., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced that its Board of Directors has appointed Douglas P. Petit as its new President, effective today. Dou...

2 years ago - GlobeNewsWire

Heartland's 50-cent special dividend 2nd by a carrier this week

Truckload carrier Heartland Express announced Friday a 50-cent-per-share special dividend. The North Liberty, Iowa-based company also announced an increase of 3 million shares to its buyback program.

Other symbols: HTLD
2 years ago - FreightWaves

Marten Transport announces 50-cent special dividend

Marten Transport announced a special dividend of 50 cents per share Tuesday after the market closed. The Mondovi, Wisconsin-based refrigerated carrier also declared a regular quarterly cash dividend o...

2 years ago - FreightWaves

MARTEN TRANSPORT DECLARES SPECIAL AND QUARTERLY DIVIDENDS

MONDOVI, Wis., Aug. 17, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a special cash dividend of $0.50 per share of common s...

2 years ago - GlobeNewsWire