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. The Truckload segment transports food and other consumer packaged goods that require a temperature-controlled or insulated environment. The Dedicated segment offers customized transportation solutions for individual customers' requirements using temperature-controlled trailers, dry vans, and other specialized equipment. The Intermodal segment transports customers' freight utilizing its temperature-controlled trailers on railroad flatcars for portions of trips, as well as using tractors and contracted carriers. The Brokerage segment develops contractual relationships with and arranges for third-party carriers to transport freight for customers in temperature-controlled trailers and dry vans. As of December 31, 2020, the company operated a fleet of 3,331 tractors, including 3,188 company-owned tractors and 143 tractors supplied by independent contractors. Marten Transport, Ltd. was founded in 1946 and is headquartered in Mondovi, Wisconsin.
IPO Year: 1986
Exchange: NASDAQ
Website: marten.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/14/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/9/2024 | $22.00 → $19.00 | Buy → Hold | Vertical Research |
| 5/15/2024 | $20.00 | Outperform | Raymond James |
| 1/10/2024 | $25.00 | Hold → Buy | Vertical Research |
| 8/17/2022 | $24.00 → $25.00 | Buy → Hold | Vertical Research |
| 1/26/2022 | $20.00 → $21.00 | Overweight | Stephens & Co. |
| 9/10/2021 | Market Perform | Raymond James | |
| 8/9/2021 | Overweight → Sector Weight | Keybanc |
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
4 - MARTEN TRANSPORT LTD (0000799167) (Issuer)
MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023. "I'm extremely pleased to announce the appointment of Adam Phillips as our Executive Vice President and Chief Operating Officer. Adam's appointment is a continuation of our plan to develop and transition to our next generation of leadership," said Randy Marten, Executive Chairman of the Board of Directors. "Adam will continue to be an integral member of our leadership team involved in our strategic business vision and day-
MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Randall J. Baier as its Executive Vice President and Chief Technology Officer, effective August 15, 2023. "I'm extremely pleased to announce the appointment of Randy Baier as our Executive Vice President and Chief Technology Officer," said Randy Marten, Executive Chairman of the Board of Directors. "Randy will continue to be a key member of our leadership team involved in our strategic business vision and day-to-day operations. Randy's exemplary professional and managerial skills combined with decades of experience are integral to the management of ou
MONDOVI, Wis., Aug. 30, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Douglas P. Petit as its new President, effective today. Doug Petit will succeed Tim Kohl, who has served as the Company's President since 2008. Tim Kohl was recently appointed as Chief Executive Officer on May 4, 2021. "I'm extremely pleased to announce the appointment of Doug Petit as our President. Doug's appointment is a continuation of our plan to develop and transition to our next generation of leadership. As our Chief Operating Officer, Doug has been a key leader in our successful business transition and growth. Now as our President, Doug will b
MONDOVI, Wisc., May 04, 2021 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has appointed Tim Kohl as its new Chief Executive Officer, effective today. Tim Kohl will succeed Randy Marten, who has served as the Company's Chief Executive Officer since 2005. Randy Marten will serve as Executive Chairman of the Board of Directors as part of this transition. "It's been a great honor and privilege to lead Marten Transport as its Chairman since 1993 and as its Chief Executive Officer since 2005, and to oversee the transition of the company that my father founded from a long-haul carrier to a multifaceted business offering a network of r
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 30, 2024, compared with $13.6 million, or 17 cents per diluted share, for the third quarter of 2023. For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared with $58.0 million, or 71 cents per diluted share, for the 2023 nine-month period. Operating revenue was $237.4 million for the third quarter of 2024 compared with $279.5 million for the third quarter of 2023. Excluding fuel surcharges, operating revenue was $207.9 millio
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 of common stock. The dividend will be payable on September 30, 2024 to stockholders of record at the close of business on September 16, 2024. This is Marten's 57th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $246.7 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a
MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ: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. Operating revenue was $246.2 million for the second quarter of 2024 compared with $285.7 million for the second quarter of 2023. Excluding fuel surcharges, operating revenue was $213.5 million for the 20
MONDOVI, Wis., May 07, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. This is Marten's 56th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $241.9 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted bu
MONDOVI, Wis., April 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $9.6 million, or 12 cents per diluted share, for the first quarter ended March 31, 2024, compared with $22.5 million, or 28 cents per diluted share, for the first quarter of 2023. Operating revenue was $249.7 million for the first quarter of 2024 compared with $298.0 million for the first quarter of 2023. Excluding fuel surcharges, operating revenue was $215.7 million for the 2024 quarter compared with $254.9 million for the 2023 quarter. Fuel surcharge revenue decreased to $33.9 million for the 2024 quarter from $43.1 million for the 2023 quarter. Operating income was $12.
MONDOVI, Wis., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on March 29, 2024 to stockholders of record at the close of business on March 15, 2024. This is Marten's 55th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $237.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
MONDOVI, Wis., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $12.4 million, or 15 cents per diluted share, for the fourth quarter ended December 31, 2023, compared with $25.5 million, or 31 cents per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, net income was $70.4 million, or 86 cents per diluted share, compared with $110.4 million, or $1.35 per diluted share, for 2022. Operating revenue was $268.2 million for the fourth quarter of 2023 compared with $322.6 million for the fourth quarter of 2022. Excluding fuel surcharges, operating revenue was $229.4 million for the 2023 quarter compared with $
MONDOVI, Wis., Dec. 13, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023. "I'm extremely pleased to announce the appointment of Adam Phillips as our Executive Vice President and Chief Operating Officer. Adam's appointment is a continuation of our plan to develop and transition to our next generation of leadership," said Randy Marten, Executive Chairman of the Board of Directors. "Adam will continue to be an integral member of our leadership team involved in our strategic business vision and day-
MONDOVI, Wis., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on December 29, 2023 to stockholders of record at the close of business on December 15, 2023. This is Marten's 54th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $232.1 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multif
MONDOVI, Wis., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $13.6 million, or 17 cents per diluted share, for the third quarter ended September 30, 2023, compared with $25.6 million, or 32 cents per diluted share, for the third quarter of 2022. For the nine-month period ended September 30, 2023, net income was $58.0 million, or 71 cents per diluted share, compared with $84.8 million, or $1.03 per diluted share, for the 2022 nine-month period. Operating revenue was $279.5 million for the third quarter of 2023 compared with $324.4 million for the third quarter of 2022. Excluding fuel surcharges, operating revenue was $239.1 million for
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 30, 2024, compared with $13.6 million, or 17 cents per diluted share, for the third quarter of 2023. For the nine-month period ended September 30, 2024, net income was $21.3 million, or 26 cents per diluted share, compared with $58.0 million, or 71 cents per diluted share, for the 2023 nine-month period. Operating revenue was $237.4 million for the third quarter of 2024 compared with $279.5 million for the third quarter of 2023. Excluding fuel surcharges, operating revenue was $207.9 millio
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 of common stock. The dividend will be payable on September 30, 2024 to stockholders of record at the close of business on September 16, 2024. This is Marten's 57th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $246.7 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a
MONDOVI, Wis., July 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ: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. Operating revenue was $246.2 million for the second quarter of 2024 compared with $285.7 million for the second quarter of 2023. Excluding fuel surcharges, operating revenue was $213.5 million for the 20
MONDOVI, Wis., May 07, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on June 28, 2024 to stockholders of record at the close of business on June 14, 2024. This is Marten's 56th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $241.9 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted bu
MONDOVI, Wis., April 18, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $9.6 million, or 12 cents per diluted share, for the first quarter ended March 31, 2024, compared with $22.5 million, or 28 cents per diluted share, for the first quarter of 2023. Operating revenue was $249.7 million for the first quarter of 2024 compared with $298.0 million for the first quarter of 2023. Excluding fuel surcharges, operating revenue was $215.7 million for the 2024 quarter compared with $254.9 million for the 2023 quarter. Fuel surcharge revenue decreased to $33.9 million for the 2024 quarter from $43.1 million for the 2023 quarter. Operating income was $12.
MONDOVI, Wis., Feb. 20, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on March 29, 2024 to stockholders of record at the close of business on March 15, 2024. This is Marten's 55th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $237.0 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multifaceted
MONDOVI, Wis., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $12.4 million, or 15 cents per diluted share, for the fourth quarter ended December 31, 2023, compared with $25.5 million, or 31 cents per diluted share, for the fourth quarter of 2022. For the year ended December 31, 2023, net income was $70.4 million, or 86 cents per diluted share, compared with $110.4 million, or $1.35 per diluted share, for 2022. Operating revenue was $268.2 million for the fourth quarter of 2023 compared with $322.6 million for the fourth quarter of 2022. Excluding fuel surcharges, operating revenue was $229.4 million for the 2023 quarter compared with $
MONDOVI, Wis., Nov. 30, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on December 29, 2023 to stockholders of record at the close of business on December 15, 2023. This is Marten's 54th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $232.1 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a multif
MONDOVI, Wis., Oct. 18, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) today reported net income of $13.6 million, or 17 cents per diluted share, for the third quarter ended September 30, 2023, compared with $25.6 million, or 32 cents per diluted share, for the third quarter of 2022. For the nine-month period ended September 30, 2023, net income was $58.0 million, or 71 cents per diluted share, compared with $84.8 million, or $1.03 per diluted share, for the 2022 nine-month period. Operating revenue was $279.5 million for the third quarter of 2023 compared with $324.4 million for the third quarter of 2022. Excluding fuel surcharges, operating revenue was $239.1 million for
MONDOVI, Wis., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Marten Transport, Ltd. (NASDAQ:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.06 per share of common stock. The dividend will be payable on September 29, 2023 to stockholders of record at the close of business on September 15, 2023. This is Marten's 53rd consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $227.2 million in cash dividends, including special dividends totaling $134.9 million in 2021, 2020, 2019 and 2012, since the dividend program was implemented in 2010. Marten Transport, with headquarters in Mondovi, Wis., is a mult
Raymond James downgraded Marten Transport from Outperform to Mkt Perform
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $19.00 from $22.00 previously
Raymond James resumed coverage of Marten Transport with a rating of Outperform and set a new price target of $20.00
Vertical Research upgraded Marten Transport from Hold to Buy and set a new price target of $25.00
Vertical Research downgraded Marten Transport from Buy to Hold and set a new price target of $25.00 from $24.00 previously
Stephens & Co. reiterated coverage of Marten Transport with a rating of Overweight and set a new price target of $21.00 from $20.00 previously
Raymond James initiated coverage of Marten Transport with a rating of Market Perform
Keybanc downgraded Marten Transport from Overweight to Sector Weight
Vertical Research initiated coverage of Marten Transport with a rating of Buy and set a new price target of $22.00
10-Q - MARTEN TRANSPORT LTD (0000799167) (Filer)
8-K - MARTEN TRANSPORT LTD (0000799167) (Filer)
8-K - MARTEN TRANSPORT LTD (0000799167) (Filer)
10-Q - MARTEN TRANSPORT LTD (0000799167) (Filer)
8-K - MARTEN TRANSPORT LTD (0000799167) (Filer)
8-K - MARTEN TRANSPORT LTD (0000799167) (Filer)
10-Q - MARTEN TRANSPORT LTD (0000799167) (Filer)
8-K - MARTEN TRANSPORT LTD (0000799167) (Filer)
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Marten Transport (NASDAQ:MRTN) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.11 by 9.09 percent. The company reported quarterly sales of $246.200 million which missed the analyst consensus estimate of $249.110 million by 1.17 percent. This is a 25.85 percent increase over sales of $195.636 million the same period last year.
Raymond James analyst Felix Boeschen reinstates Marten Transport (NASDAQ:MRTN) with a Outperform and announces $20 price target.
Stephens & Co. analyst Daniel Imbro maintains Marten Transport (NASDAQ:MRTN) with a Overweight and lowers the price target from $23 to $21.
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Marten Transport (NASDAQ:MRTN) reported its Q4 earnings results on Thursday, January 25, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Marten Transport missed estimated earnings by 16.67%, reporting an EPS of $0.15 versus an estimate of $0.18. Revenue was down $54.36 million from the same period last year. Past Earnings Performance Last quarter the company missed on EPS by $0.01 which was followed by a 6.04% drop in the share price the next day. Here's a look at Marten Transport's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.18 0.29 0.27 0.31 EPS Actual 0.17 0.27 0.28 0.31 Revenue Estimate 280.65M 308.53M 309.89M
Marten Transport (NASDAQ:MRTN) reported quarterly earnings of $0.15 per share which missed the analyst consensus estimate of $0.18 by 16.67 percent. This is a 51.61 percent decrease over earnings of $0.31 per share from the same period last year. The company reported quarterly sales of $268.22 million which missed the analyst consensus estimate of $271.62 million by 1.25 percent. This is a 16.85 percent decrease over sales of $322.58 million the same period last year.
Companies Reporting Before The Bell • Nokia (NYSE:NOK) is projected to report quarterly earnings at $0.15 per share on revenue of $7.05 billion. • Popular (NASDAQ:BPOP) is likely to report quarterly earnings at $1.61 per share on revenue of $538.72 million. • Carpenter Tech (NYSE:CRS) is estimated to report quarterly earnings at $0.85 per share on revenue of $657.10 million. • Berkshire Hills Bancorp (NYSE:BHLB) is estimated to report quarterly earnings at $0.49 per share on revenue of $94.52 million. • NetScout Systems (NASDAQ:NTCT) is projected to report quarterly earnings at $0.37 per share on revenue of $198.38 million. • NextEra Energy (NYSE:NEE) is expected to report quarterly ea
Marten Transport (NASDAQ:MRTN) is set to give its latest quarterly earnings report on Thursday, 2024-01-25. Here's what investors need to know before the announcement. Analysts estimate that Marten Transport will report an earnings per share (EPS) of $0.19. Marten Transport bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter. New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast). Past Earnings Performance Last quarter the company missed EPS by $0.01, which was followed by a 6.04% drop in
Vertical Research analyst Jeffrey Kauffman upgrades Marten Transport (NASDAQ:MRTN) from Hold to Buy and announces $25 price target.
Marten Transport, Ltd. (NASDAQ:MRTN) announced that its Board of Directors has appointed Adam D. Phillips to an executive officer as its Executive Vice President and Chief Operating Officer, effective December 13, 2023. "I'm extremely pleased to announce the appointment of Adam Phillips as our Executive Vice President and Chief Operating Officer. Adam's appointment is a continuation of our plan to develop and transition to our next generation of leadership," said Randy Marten, Executive Chairman of the Board of Directors. "Adam will continue to be an integral member of our leadership team involved in our strategic business vision and day-to-day operations enhancement and growth."Mr. Phillips