Zacks: Analysts Anticipate Martin Marietta Materials, Inc. (NYSE:MLM) to Post $0.84 EPS

Equities research analysts expect Martin Marietta Materials, Inc. (NYSE:MLMGet Rating) to report earnings of $0.84 per share for the current quarter, Zacks reports. Three analysts have provided estimates for Martin Marietta Materials’ earnings, with the highest EPS estimate coming in at $1.58 and the lowest estimate coming in at $0.38. Martin Marietta Materials posted earnings per share of $1.04 during the same quarter last year, which would suggest a negative year-over-year growth rate of 19.2%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Martin Marietta Materials will report full year earnings of $13.76 per share for the current financial year, with EPS estimates ranging from $13.22 to $14.98. For the next year, analysts anticipate that the firm will report earnings of $17.13 per share, with EPS estimates ranging from $15.93 to $19.82. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that cover Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLMGet Rating) last announced its earnings results on Thursday, February 10th. The construction company reported $3.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.94 by $0.21. Martin Marietta Materials had a return on equity of 12.31% and a net margin of 12.98%. The business had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.45 billion. During the same period in the previous year, the company earned $2.93 earnings per share. The company’s revenue for the quarter was up 26.9% compared to the same quarter last year.

Several equities analysts have recently issued reports on MLM shares. Morgan Stanley reduced their price objective on Martin Marietta Materials from $484.00 to $470.00 and set an “overweight” rating for the company in a research report on Friday, February 11th. DA Davidson dropped their target price on Martin Marietta Materials from $465.00 to $450.00 in a report on Monday, February 14th. Barclays dropped their target price on Martin Marietta Materials from $485.00 to $450.00 and set an “overweight” rating on the stock in a report on Friday, February 11th. Finally, StockNews.com began coverage on Martin Marietta Materials in a report on Thursday, March 31st. They set a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $446.20.

Martin Marietta Materials stock traded down $2.08 during midday trading on Monday, hitting $369.89. The stock had a trading volume of 265,697 shares, compared to its average volume of 480,421. The company has a current ratio of 2.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78. The business has a fifty day moving average price of $379.23 and a 200 day moving average price of $394.70. Martin Marietta Materials has a 12 month low of $329.69 and a 12 month high of $446.46. The stock has a market cap of $23.08 billion, a P/E ratio of 32.97, a P/E/G ratio of 1.45 and a beta of 0.77.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 1st were issued a $0.61 dividend. The ex-dividend date of this dividend was Monday, February 28th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 0.66%. Martin Marietta Materials’s payout ratio is currently 21.75%.

Several large investors have recently made changes to their positions in MLM. AHL Investment Management Inc. acquired a new position in Martin Marietta Materials during the fourth quarter worth $31,000. Marshall Wace LLP acquired a new position in Martin Marietta Materials during the fourth quarter worth $32,000. NuWave Investment Management LLC acquired a new position in Martin Marietta Materials during the fourth quarter worth $37,000. Tortoise Investment Management LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $39,000. Finally, KB Financial Partners LLC acquired a new stake in shares of Martin Marietta Materials in the fourth quarter valued at about $40,000. Institutional investors and hedge funds own 92.42% of the company’s stock.

Martin Marietta Materials Company Profile (Get Rating)

Martin Marietta Materials, Inc engages in the provision of aggregates including crushed stone, sand, and gravel through its network of quarries and distribution yards. It operates through the following geographical segments: East Group and West Group. The East Group segments provide aggregated products only.

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Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

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