Analysts Anticipate Martin Marietta Materials, Inc. (NYSE:MLM) Will Post Earnings of $4.16 Per Share

Equities analysts expect Martin Marietta Materials, Inc. (NYSE:MLMGet Rating) to post earnings of $4.16 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Martin Marietta Materials’ earnings, with the lowest EPS estimate coming in at $3.90 and the highest estimate coming in at $4.57. Martin Marietta Materials posted earnings of $3.81 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 9.2%. The firm is expected to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Martin Marietta Materials will report full year earnings of $13.43 per share for the current financial year, with EPS estimates ranging from $12.58 to $14.08. For the next year, analysts expect that the company will post earnings of $16.98 per share, with EPS estimates ranging from $14.87 to $19.35. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLMGet Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The construction company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.32). The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.13 billion. Martin Marietta Materials had a net margin of 11.63% and a return on equity of 11.42%. The firm’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.04 EPS.

MLM has been the subject of a number of recent analyst reports. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating and set a $396.00 price objective for the company in a research report on Thursday, May 5th. StockNews.com lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research note on Thursday, May 12th. Barclays cut their price target 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 report on Monday, February 14th. Finally, Morgan Stanley lowered their target price 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Buy” and a consensus target price of $439.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. AHL Investment Management Inc. purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $31,000. Marshall Wace LLP purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $32,000. NuWave Investment Management LLC purchased a new stake in Martin Marietta Materials in the fourth quarter valued at approximately $37,000. Tortoise Investment Management LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter worth $39,000. Finally, KB Financial Partners LLC purchased a new stake in shares of Martin Marietta Materials during the fourth quarter worth $40,000. 93.49% of the stock is currently owned by institutional investors.

Shares of NYSE MLM traded up $5.65 during midday trading on Monday, hitting $333.41. The company’s stock had a trading volume of 324,153 shares, compared to its average volume of 477,655. Martin Marietta Materials has a 12-month low of $316.73 and a 12-month high of $446.46. The firm has a market cap of $20.79 billion, a P/E ratio of 31.69, a price-to-earnings-growth ratio of 1.43 and a beta of 0.79. The business’s 50 day moving average is $364.28 and its two-hundred day moving average is $390.41. The company has a current ratio of 2.79, a quick ratio of 1.69 and a debt-to-equity ratio of 0.79.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st will be given a dividend of $0.61 per share. This represents a $2.44 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Tuesday, May 31st. Martin Marietta Materials’s payout ratio is presently 23.19%.

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 and Estimates for Martin Marietta Materials (NYSE:MLM)

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