Marten Transport, Ltd. (NASDAQ:MRTN) is expected to report third quarter earnings results, after market close, on Thursday 15th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.20 per share.
Looking ahead, the full year income are expected at $ 0.78 per share on the revenues of $ 878.57 million.
Previous Quarter Performance
Marten Transport, Ltd. communicated income for the second quarter of $ 0.33 per share, from the revenue of $ 212.38 million. The quarterly earnings raised 17.86 percent while revenues increased 0.14 percent compared with the same quarter last year.
According to street consensus, MRTN was expected to report 2Q20 income of $ 0.23 per share from revenue of $ 205.37 million. The bottom line results beat street analysts by $ 0.1 or 43.48 percent, at the same time, top line results outshined analysts by $ 7.01 million or 3.41 percent.
Stock Performance
Shares of Marten Transport, Ltd. traded up $ 0.06 or 0.35 percent on Wednesday, reaching $ 17.21 with volume of 599.00 thousand shares. Marten Transport, Ltd. has traded high as $ 17.45 and has cracked $ 17.18 on the downward trend
According to the previous trading day, closing price of $ 17.21, representing a 60.73 % increase from the 52 week low of $ 10.67 and a 14.8 % decrease over the 52 week high of $ 20.13.
The company has a market capital of $ 1.42 billion and is part of the Industrials sector and Trucking industry.
Recent Analyst recommendations
- On 2nd September 2020, maintained by KeyBanc at Overweight rating, with $ 21.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.04 per share on July 16, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 16, 2020 and ex-dividend date on September 15, 2020.
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.
