$4.03 Earnings Per Share Expected for Martin Marietta Materials, Inc. (NYSE:MLM) This Quarter

Brokerages expect Martin Marietta Materials, Inc. (NYSE:MLMGet Rating) to announce earnings per share (EPS) of $4.03 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Martin Marietta Materials’ earnings. The lowest EPS estimate is $3.65 and the highest is $4.22. Martin Marietta Materials posted earnings per share of $3.81 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.8%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Martin Marietta Materials will report full-year earnings of $13.46 per share for the current financial year, with EPS estimates ranging from $12.39 to $14.98. For the next year, analysts forecast that the firm will post earnings of $16.92 per share, with EPS estimates ranging from $15.75 to $18.88. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLMGet Rating) last posted its earnings results on Tuesday, May 3rd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.44). The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.13 billion. Martin Marietta Materials had a return on equity of 12.31% and a net margin of 12.98%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same period last year, the company posted $1.04 EPS.

A number of research analysts have recently commented on MLM shares. StockNews.com raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday. Barclays lowered their price objective on Martin Marietta Materials from $485.00 to $450.00 and set an “overweight” rating for the company in a research note on Friday, February 11th. DA Davidson lowered their price objective on Martin Marietta Materials from $465.00 to $450.00 in a research note on Monday, February 14th. Finally, Morgan Stanley lowered their price objective on Martin Marietta Materials from $470.00 to $441.00 and set an “overweight” rating for the company in a research note on Monday, April 18th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $443.30.

MLM stock opened at $377.57 on Monday. The stock has a market capitalization of $23.55 billion, a P/E ratio of 33.65, a price-to-earnings-growth ratio of 1.41 and a beta of 0.79. The company has a current ratio of 2.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.78. Martin Marietta Materials has a 12 month low of $329.69 and a 12 month high of $446.46. The firm has a 50-day moving average price of $374.06 and a 200-day moving average price of $395.29.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 1st were given a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date was Monday, February 28th. Martin Marietta Materials’s dividend payout ratio is presently 21.75%.

A number of large investors have recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC increased its position in Martin Marietta Materials by 12.2% during the 1st quarter. Ameritas Advisory Services LLC now owns 1,382 shares of the construction company’s stock valued at $532,000 after purchasing an additional 150 shares during the period. State of Michigan Retirement System grew its position in shares of Martin Marietta Materials by 0.3% during the 1st quarter. State of Michigan Retirement System now owns 17,293 shares of the construction company’s stock worth $6,656,000 after buying an additional 59 shares during the period. Prospera Financial Services Inc acquired a new stake in shares of Martin Marietta Materials during the 1st quarter worth approximately $53,000. Clearstead Advisors LLC grew its position in shares of Martin Marietta Materials by 3,425.0% during the 1st quarter. Clearstead Advisors LLC now owns 1,128 shares of the construction company’s stock worth $434,000 after buying an additional 1,096 shares during the period. Finally, Victory Capital Management Inc. grew its position in shares of Martin Marietta Materials by 4.8% during the 1st quarter. Victory Capital Management Inc. now owns 40,826 shares of the construction company’s stock worth $14,806,000 after buying an additional 1,863 shares during the period. 93.49% of the stock is owned by institutional investors and hedge funds.

About Martin Marietta Materials (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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