Profile
Sector:
IndustrialsIndustry:
TruckingCountry:
United StatesIPO:
25 September 1986Website:
http://www.marten.comNext earnings report:
24 January 2025Last dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:47:26 GMTAnalysts recommendations
Institutional Ownership
MRTN Latest News
Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.07 per share.
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, 2024, compared with $21.9 million, or 27 cents per diluted share, for the second quarter of 2023. For the six-month period ended June 30, 2024, net income was $17.5 million, or 22 cents per diluted share, compared with $44.4 million, or 55 cents per diluted share, for the 2023 six-month period.
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 improvement on the horizon. These improvements justify a more neutral, as opposed to a bearish, stance on the business.
The Zacks Industry Rank for the Transportation-Truck industry paints a dull picture, mainly owing to the slowdown in freight demand. We believe stocks like ODFL, MRTN and PTSI are better positioned to escape industry challenges.
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 facilities may attract demand from ESG investors. Despite lower-than-expected EPS and quarterly revenue, Marten is undervalued and expected to experience net sales, EBITDA, and net income growth in the future.
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, providing transportation solutions for various industries. Analysts rate Marten Transport as a "buy" with a 23.01% potential upside, and the company has a strong balance sheet with no debt.
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 uncertainty and supply chain issues. MRTN stock is relatively expensive compared to similar companies, leading to a recommendation to downgrade from a 'buy' to a 'hold'.
As the U.K. government ramps up concessions for motorists, Britain joins the fold of countries caught up in a political backlash against Europe's green agenda.
Marten Transport, Ltd. (MRTN) came out with quarterly earnings of $0.27 per share, in line with the Zacks Consensus Estimate.
What type of business is Marten Transport?
Marten Transport, Ltd. is a temperature-sensitive freight carrier in the United States. It specializes in transporting and distributing food products and other consumer goods that require a controlled or insulated environment. The company operates in four segments, including Truckload, Dedicated, Intermodal, and Brokerage. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
What sector is Marten Transport in?
Marten Transport is in the Industrials sector
What industry is Marten Transport in?
Marten Transport is in the Trucking industry
What country is Marten Transport from?
Marten Transport is headquartered in United States
When did Marten Transport go public?
Marten Transport initial public offering (IPO) was on 25 September 1986
What is Marten Transport website?
https://www.marten.com
Is Marten Transport in the S&P 500?
No, Marten Transport is not included in the S&P 500 index
Is Marten Transport in the NASDAQ 100?
No, Marten Transport is not included in the NASDAQ 100 index
Is Marten Transport in the Dow Jones?
No, Marten Transport is not included in the Dow Jones index
When was Marten Transport the previous earnings report?
No data
When does Marten Transport earnings report?
The next expected earnings date for Marten Transport is 24 January 2025