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Stock Market & Financial Investment News

News Breaks
April 21, 2014
08:38 EDTMRTNMarten Transport upgraded to Overweight from Equal Weight at Stephens
Stephens upgraded Marten Transport to Overweight following the company's Q1 report, despite the company's Q1 EPS narrowly missing the consensus forecast. Stephens views the miss as driven by weather factors and thinks Marten shares continue to trade at an "unjustifiable" discount to its peers. The firm raised its price target on the stock to $28 from $21.
News For MRTN From The Last 14 Days
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October 14, 2014
16:02 EDTMRTNMarten Transport reports Q3 EPS 23c, consensus 25c
Reports Q3 revenue $171.6M, consensus $177.91M. Chairman and CEO Randolph L. Marten said, "We increased our average truckload tractors by 70 tractors in the third quarter over this year's second quarter despite challenging driver recruiting and retention issues across our industry. This increase was a direct result of our continuing efforts to increase our dedicated services and to appropriately compensate our drivers for their non-driving detention time. We also overcame the increase in driver pay combined with higher tractor and trailer depreciation and adverse development in insurance and claims to improve our truckload profitability."
October 13, 2014
15:24 EDTMRTNNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Pinnacle Financial (PNFP), consensus 51c; GenCorp (GY), consensus 19c; Renasant (RNST), consensus 48c; Marten Transport (MRTN), consensus 25c; ShoreTel (SHOR), consensus 4c.

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