Martin Marietta Materials (MLM) Scheduled to Post Quarterly Earnings on Tuesday

Martin Marietta Materials (NYSE:MLMGet Rating) is set to release its earnings data before the market opens on Tuesday, May 3rd. Analysts expect Martin Marietta Materials to post earnings of $0.83 per share for the quarter. Martin Marietta Materials has set its FY 2022 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Martin Marietta Materials (NYSE:MLMGet Rating) last issued its quarterly earnings results on Thursday, February 10th. The construction company reported $3.15 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.45 billion. During the same quarter in the prior year, the business earned $2.93 EPS. Martin Marietta Materials’s revenue was up 26.9% on a year-over-year basis. On average, analysts expect Martin Marietta Materials to post $13 EPS for the current fiscal year and $17 EPS for the next fiscal year.

Shares of NYSE MLM opened at $360.80 on Tuesday. The stock’s 50-day moving average is $376.78 and its two-hundred day moving average is $395.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.69 and a quick ratio of 1.69. Martin Marietta Materials has a 1-year low of $329.69 and a 1-year high of $446.46. The company has a market cap of $22.50 billion, a price-to-earnings ratio of 32.16, a price-to-earnings-growth ratio of 1.50 and a beta of 0.77.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 1st were issued a dividend of $0.61 per share. The ex-dividend date of this dividend was Monday, February 28th. This represents a $2.44 annualized dividend and a yield of 0.68%. Martin Marietta Materials’s dividend payout ratio (DPR) is 21.75%.

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP purchased a new stake in Martin Marietta Materials in the 4th quarter valued at $32,000. KB Financial Partners LLC purchased a new stake in Martin Marietta Materials in the 4th quarter valued at $40,000. NEXT Financial Group Inc raised its position in Martin Marietta Materials by 15.0% in the 4th quarter. NEXT Financial Group Inc now owns 230 shares of the construction company’s stock valued at $101,000 after purchasing an additional 30 shares during the last quarter. Zullo Investment Group Inc. purchased a new stake in Martin Marietta Materials in the 4th quarter valued at $154,000. Finally, Levin Capital Strategies L.P. purchased a new stake in Martin Marietta Materials in the 4th quarter valued at $220,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

A number of research analysts have recently commented on the company. Barclays dropped their price objective 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. Morgan Stanley dropped their price objective on Martin Marietta Materials from $470.00 to $441.00 and set an “overweight” rating on the stock in a report on Monday, April 18th. StockNews.com assumed coverage on Martin Marietta Materials in a report on Thursday, March 31st. They issued a “sell” rating on the stock. Finally, DA Davidson dropped their price objective on Martin Marietta Materials from $465.00 to $450.00 in a report on Monday, February 14th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Martin Marietta Materials has an average rating of “Buy” and a consensus price target of $443.30.

Martin Marietta Materials Company Profile (Get Rating)

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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Earnings History for Martin Marietta Materials (NYSE:MLM)

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