Today we will run through one way of estimating the intrinsic value of Marten Transport, Ltd. (NASDAQ:MRTN) by...

Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that, due to the public health impact of the COVID-19 pandemic and to support the health and well-being of the Company’s employees, stockholders and the community, its 2020 Annual Meeting of Stockholders will now be held over the web in a virtual meeting format only. Stockholders will not be able to attend the meeting in person. Stockholders who owned shares at the close of business on the record date of March 9, 2020 are entitled to attend, participate and vote at the Annual Meeting.

During earnings season, FreightWaves will be covering many companies across all modes, as well as shippers and retailers. Each week we will recap the most interesting company earnings and any merger-and-acquisition ...

MONDOVI, Wis., Jan. 23, 2020 -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported the highest operating revenue and operating income for any year in its history. For each.

When we invest, we're generally looking for stocks that outperform the market average. And the truth is, you can make...

Marten Transport, Ltd. (NASDAQ:MRTN), which is in the transportation business, and is based in United States, received...

Today we are going to look at Marten Transport, Ltd. (NASDAQ:MRTN) to see whether it might be an attractive investment...

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MONDOVI, Wis., April 16, 2020 -- Marten Transport, Ltd. (Nasdaq/GS:MRTN) today reported a 1.3% improvement in net income to $13.7 million, or 25 cents per diluted share, for.

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(Adding analyst comments from KeyBank)Marten Transport, Ltd. (NASDAQ: MRTN) rode a strong first-quarter performance in its Dedicated division to net income slightly higher than the corresponding quarter of 2019, but with the company's operating revenue and operating income both rising more significantly than net income. The operating ratio in the company's Truckload, Brokerage and Intermodal divisions was down in all three segments. But the Dedicated division turned in a strong enough performance to offset those declines.Net income for Marten came in at 25 cents per share, flat with last year's first quarter on a dollar gain of just $172,000. But operating revenue of $218.6 million was up 9.8% from Q1 2009.That revenue total beat estimates by $11.1 million, according to SeekingAlpha. The EPS figure of 25 cents came in 1 cent more than estimates for that metric.Investors liked the earnings. Post-close, according to Barchart, Marten stock was up 4.37% to $22.20 at approximately 5 p.m. It had risen 3.25% to $21.27 earlier in the day. In the past month, through trading Thursday, Marten stock was up 25.12% Its high during that period was $23.03.The Dedicated division had a strong quarter. Revenue net of fuel surcharge was up 31.1% to $64.15 million. Its operating income climbed 54.7% to $8.533 million, an increase of just over $3 million from the first quarter of 2019. Dedicated's operating ratio strengthened to 88.6% from 90.4% in Q1 2019.The Dedicated division took care of all the good news coming out of Marten. Operating income in the Truckload division declined 10.2% to $6.785 million. Its operating ratio weakened 110 basis points to 92.9%. But the Truckload division was busy; its revenue was up 4.6% net of fuel surcharge, and total miles rose 10.21% to just over 41 million miles. Analyst coverage on Marten is scarce. But the transportation team at KeyBank of Todd Fowler and Zach Haggerty did issue a report that was mostly positive after a call with Marten management following the earnings release.View more earnings on MRTNMarten's earnings reported that insurance and claims expenses had risen to $12.28 million from $9.875 million in the first quarter of 2019. But based on the call with Marten management, KeyBank said those expenses are "expected to normalize" going forward.KeyBank described Marten's conversations with management as reviewing a "fluid environment...with elevated demand at certain accounts compensating for softness at others."There will be offsetting trends going forward, KeyBank said, with the "pull forward" of stuck building by consumers easing but offset in part by some resumption of economic activity elsewhere.Although the Dedicated division did have a strong quarter, "near-term additions may moderate as shutdowns more fully materialize.""Overall, commentary was a touch better than expected with benefits from relatively stable end markets and dedicated exposure," KeyBank said.The bank did reduce its estimates on earnings going forward. Its full-year estimate for 2020 has been cut to 90 cts per share, down from $1.05 while 2021 was cut to $1.05 from $1.15. But KeyBank's share price target remains $24.The smaller Intermodal and Brokerage divisions also were pointing down. Operating income at Intermodal fell sharply to $1.3 million, a drop of 45.4%. Loads were up to 9,737 from 9,251, but the operating ratio rose significantly, to 94.5% from 89.6%.Brokerage's OR climbed to 94.3% from 91.5%. Its operating income plummeted to $1.4 million, a decline of 37.9% on a revenue decline of 6.8%.Marten does not hold a call with analysts, and a call by FreightWaves to Marten for further comment had not been answered by publication time. But in the company's press release accompanying the earnings, Marten Chairman and CEO Randolph Marten focused on the company's drivers and the Dedicated division."We added 101 Dedicated and 73 Truckload tractors during the first quarter on top of our growth of 329 Dedicated and 101 Truckload tractors throughout 2019, all while further tightening our stringent hiring standards for experienced drivers," Marten said in the statement. "We embrace our responsibility to keep our valued employees safe and healthy as they each contribute to our transporting and distributing the food, beverages and other consumer goods essential to millions of people in North America."A few other highlights from the earnings: * Marten grew its cash position significantly during the quarter. It rose to $36.13 million at the end of March, up from $31.46 million at the end of December. * Accounts payable rose sharply, to $34.8 million from $22.9 million, a jump of almost 52%. The $34.8 million figure is higher than any other quarter in 2019. But it's not extraordinary; Marten listed accounts payable at $43.87 million at the end of 2018 and $38.1 million at the end of 2017. * Salary expenses rose significantly, to $65.92 million from $59.38 million, a gain of 11%. Purchased transportation also rose, up 17.8% to $38.67 million.(Correction: the operating income for the Intermodal division was reported incorrectly in the first publication of this story.)Latest Ratings for MRTN DateFirmActionFromTo Apr 2020Stephens & Co.UpgradesEqual-WeightOverweight Mar 2020Loop CapitalInitiates Coverage OnBuy Mar 2020KeyBancMaintainsOverweight View More Analyst Ratings for MRTN View the Latest Analyst RatingsSee more from Benzinga * Kansas City Southern Reports Record Quarterly Revenue * Air Forwarders Want Financial Relief In Next Federal Aid Package * Coronavirus In The Caribbean: Container Hubs In Crosshairs(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Last week, you might have seen that Marten Transport, Ltd. (NASDAQ:MRTN) released its full-year result to the market...

Marten Transport rode strong results in its Dedicated and Brokerage divisions to post net income for the fourth quarter of 2019 that was stable for the period, but operating income for the quarter was down 3.8%. For the full year, Marten (NASDAQ: MRTN) reported a 7.1% increase in operating revenue and a gain of 8.7% in operating income. Net income was up 11% for the year.

Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a 33% increase in the Company’s regular quarterly cash dividend to $0.04 per share of common stock from $0.03 per share, beginning with the dividend payable on March 31, 2020 to stockholders of record at the close of business on March 17, 2020. This is Marten’s 39th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $88.1 million in cash dividends, including special dividends totaling $52.1 million in 2019 and 2012, since the dividend program was implemented in the third quarter of 2010.

Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.04 per share of common stock. This is Marten’s 40th consecutive quarterly cash dividend. With the payment of this dividend, Marten will have paid a total of $90.3 million in cash dividends, including special dividends totaling $52.1 million in 2019 and 2012, since the dividend program was implemented in the third quarter of 2010.

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MONDOVI, Wis., Dec. 19, 2019 (GLOBE NEWSWIRE) --  Marten Transport, Ltd. (Nasdaq/GS:MRTN) announced today that Kathleen (Kitty) P. Iverson has been appointed to its board of directors effective as of the board’s next scheduled meeting, which is expected to be in March 2020. Kathleen P. Iverson currently serves on the board of directors of Nortech Systems Incorporated, an electronic manufacturing services company listed on the NASDAQ Capital Market exchange, where she serves as the chair of the audit committee and as a member of the compensation committee and the governance and nominating committee. Kathleen P. Iverson will fill the vacancy on the board of directors created as a result of the retirement of board member G. Larry Owens in August 2019.