Free Post Earnings Research Report: Marten Transport’s Quarterly Earnings Jumped 47.06%
LONDON, UK / ACCESSWIRE / July 20, 2018 / If you want access to our free earnings report on Marten Transport, Ltd (NASDAQ: MRTN), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=MRTN. The Company reported its financial results on July 17, 2018, for the second quarter of the fiscal year 2018, ended June 30, 2018. The Company surpassed analysts' estimates for earnings and revenues in Q2 FY18. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Earnings Highlights and Summary
For Q2 FY18, Marten Transport's operating revenues reached $197.02 million, reflecting an increase of 14.88% from $171.51 million in Q2 FY17. The Company's total revenue numbers exceeded analysts' consensus estimates by $4.05 million.
During Q2 FY18, Marten Transport incurred total operating expenses of $178.80 million, 14.66% higher than $155.94 million in Q2 FY17. For the quarter under review, the Company's salaries, wages, and benefits advanced 11.52% to $63.25 million on a y-o-y basis, while its supplies and maintenance charges fell 2.75% to $10.25 million on a y-o-y basis. Besides, in Q2 FY18, the Company's purchased transportation increased 27.37% to $35.05 million, while its fuel and fuel taxes rose 26.93% to $31.74 million compared to Q2 FY17. Marten Transport had an operating income of $18.22 million in the reported quarter, reflecting an increase of 17.05% from $15.57 million in the prior year's same quarter.
Marten Transport had a net income of $13.70 million in the quarter ended June 30, 2018, up 49.90% from $9.14 million in the comparable period of last year. The Company's diluted earnings per share (EPS) also ascended 47.06% to $0.25 in Q2 FY18 from $0.17 in Q2 FY17, and exceeded analysts' consensus estimates by $0.03.
Segment Details
During Q2 FY18, Marten Transport's Truckload platform's total operating revenues were $94.40 million, down 0.54% on a y-o-y basis. This platform had an operating income of $8.69 million in the reported quarter, 15.68% higher than $7.51 million in the prior year's comparable quarter.
Marten Transport's Dedicated platform reported total revenues of $56.97 million in Q2 FY18, 37.27% higher than in the previous year's corresponding quarter. The platform had an operating income of $5.58 million in Q2 FY18, 10.05% higher than $5.07 million in Q2 FY17.
For Q2 FY18, Marten Transport's Intermodal platform's total revenues were $25.47 million, representing an increase of 33.25% from Q2 FY17. The platform's operating income advanced 23.14% to $2.51 million in the reported quarter from $2.04 million in the previous year's same quarter.
For the quarter ended June 30, 2018, Marten Transport's Brokerage platform's revenues were $20.18 million, up 26.28% from the comparable period of last year. The platform had an operating income of $1.44 million in Q2 FY18, 52.33% higher than $0.94 million in Q2 FY17.
Cash Matters
Marten Transport had cash and cash equivalents of $22 million as on June 30, 2018, 39.34% higher than $15.79 million as on December 31, 2017.
For the three months ended June 30, 2018, Marten Transport's cash flow from operating activities was $44.19 million, up 60.43% from $27.55 million in the corresponding period of last year.
Stock Performance Snapshot
July 19, 2018 - At Thursday's closing bell, Marten Transport's stock was marginally up 0.21%, ending the trading session at $23.50.
Volume traded for the day: 398.44 thousand shares, which was above the 3-month average volume of 362.52 thousand shares.
Stock performance in the last three-month – up 0.64%; previous six-month period – up 7.80%; past twelve-month period – up 46.88%; and year-to-date – up 15.76%
After yesterday's close, Marten Transport's market cap was at $1.31 billion.
Price to Earnings (P/E) ratio was at 35.99.
The stock has a dividend yield of 0.43%.
The stock is part of the Services sector, categorized under the Trucking industry.
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