MARTEN TRANSPORT ($NASDAQ:MRTN) revealed their earnings for the second quarter of FY2023 (ending June 30 2023) on July 19 2023. Total revenue was USD 285.7 million, a decrease of 13.3% from the same period in the prior year. Net income for the quarter came in at USD 21.9 million, with a decrease of 30.9% year over year.
On Wednesday, July 19th, MARTEN TRANSPORT reported its second quarter fiscal year 2023 earnings results. The stock opened at $21.2 and closed at $21.5, up 1.3% from the previous closing price of $21.2. This increase in stock price was attributed to the positive earnings reported by the company. The majority of the revenue was generated from increased demand for transportation services, as well as strong pricing on the freight being transported.
This technology has helped MARTEN TRANSPORT streamline its processes while also ensuring safety and compliance with industry regulations. Overall, MARTEN TRANSPORT has reported strong earnings for the second quarter of fiscal year 2023, demonstrating its commitment to providing reliable transportation services and investing in technological advancements to better serve its customers. The company is confident that its strong results will continue into the third quarter and beyond as it continues to expand its services and optimize its operations. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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GoodWhale has analyzed MARTEN TRANSPORT‘s financials and found that it is in a strong position. According to our Star Chart, MARTEN TRANSPORT has a high health score of 8/10, indicating that it is capable of paying off debt and funding future operations. Additionally, MARTEN TRANSPORT is strong in dividend, growth, and profitability and medium in asset. We have classified MARTEN TRANSPORT as a ‘Gorilla’, which is a company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Considering this, investors looking for long-term growth may be interested in MARTEN TRANSPORT as an investment opportunity. More…
Risk Rating Analysis
Star Chart Analysis
The trucking industry is highly competitive, with Marten Transport Ltd competing against P.A.M. Transportation Services Inc, Heartland Express Inc, and Saia Inc. All of these companies are vying for market share in the trucking industry, and each company has its own strengths and weaknesses.
– P.A.M. Transportation Services Inc ($NASDAQ:PTSI)
P.A.M. Transportation Services Inc is a trucking company that operates in the United States, Mexico, and Canada. The company has a market cap of 633.44M as of 2022 and a Return on Equity of 31.87%. P.A.M. Transportation Services Inc is a publicly traded company on the Nasdaq Global Select Market under the ticker symbol PTSI. The company was founded in 1980 and is headquartered in Tontitown, Arkansas.
– Heartland Express Inc ($NASDAQ:HTLD)
Heartland Express Inc is a publicly traded company with a market capitalization of 1.3 billion as of 2022. The company’s return on equity is 16.4%. Heartland Express is a trucking company that operates in the United States, Canada, and Mexico. The company offers a variety of services, including transportation of general commodities, refrigerated goods, and hazardous materials. Heartland Express also provides logistics services, such as warehousing and distribution.
Saia Inc. is a leading transportation and logistics company with a focus on regional shipping. The company operates through a network of terminals and intermodal facilities across the United States. Saia Inc. has a market cap of 6.11B as of 2022 and a return on equity of 20.38%. The company has a strong focus on regional shipping and operates through a network of terminals and intermodal facilities across the United States.
MARTEN TRANSPORT‘S second quarter earnings results for FY2023 revealed a 13.3% year-over-year decline in total revenue and a 30.9% year-over-year decrease in net income. This brings into question the company’s ability to maintain its current competitive position in the market, as investors will likely be looking for signs of growth in order to justify future investments. With increasing pressure to improve financial performance, MARTEN TRANSPORT will need to focus on increasing efficiency and leveraging opportunities for growth in order to provide investors with returns.