Martin Marietta Materials, Inc. (MLM) Expected to Post Earnings of $1.84 Per Share

Equities research analysts expect Martin Marietta Materials, Inc. (NYSE:MLM) to announce $1.84 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Martin Marietta Materials’ earnings, with estimates ranging from $1.56 to $2.10. Martin Marietta Materials reported earnings of $1.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 18.7%. The company is expected to report its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that Martin Marietta Materials will report full year earnings of $7.23 per share for the current fiscal year, with EPS estimates ranging from $6.87 to $7.48. For the next year, analysts forecast that the company will post earnings of $9.22 per share, with EPS estimates ranging from $8.50 to $10.29. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, November 2nd. The construction company reported $2.39 EPS for the quarter, missing analysts’ consensus estimates of $2.45 by ($0.06). Martin Marietta Materials had a net margin of 11.03% and a return on equity of 10.39%. The firm had revenue of $1.02 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the firm earned $2.49 earnings per share. The business’s quarterly revenue was down 1.5% on a year-over-year basis.

A number of brokerages recently commented on MLM. Zacks Investment Research lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. SunTrust Banks, Inc. reissued a “buy” rating and set a $228.00 price objective on shares of Martin Marietta Materials in a report on Friday, October 27th. BidaskClub lowered Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. DA Davidson reissued a “hold” rating and set a $225.00 price objective on shares of Martin Marietta Materials in a report on Friday. Finally, Citigroup Inc. reissued a “buy” rating and set a $260.00 price objective (down from $270.00) on shares of Martin Marietta Materials in a report on Monday, October 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $242.43.

Shares of Martin Marietta Materials (NYSE:MLM) traded up $0.76 during trading on Monday, reaching $212.57. The company had a trading volume of 286,441 shares, compared to its average volume of 566,104. Martin Marietta Materials has a twelve month low of $188.59 and a twelve month high of $244.32. The company has a market cap of $13,314.28, a price-to-earnings ratio of 30.88, a price-to-earnings-growth ratio of 2.11 and a beta of 1.14. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50.

In other Martin Marietta Materials news, Director John J. Koraleski bought 500 shares of the business’s stock in a transaction dated Friday, August 18th. The shares were purchased at an average price of $198.37 per share, for a total transaction of $99,185.00. Following the purchase, the director now directly owns 1,439 shares of the company’s stock, valued at $285,454.43. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 8.45% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Profund Advisors LLC boosted its stake in shares of Martin Marietta Materials by 0.3% in the 2nd quarter. Profund Advisors LLC now owns 1,600 shares of the construction company’s stock worth $356,000 after buying an additional 5 shares during the last quarter. First National Bank of Hutchinson lifted its stake in Martin Marietta Materials by 0.3% in the second quarter. First National Bank of Hutchinson now owns 2,214 shares of the construction company’s stock valued at $505,000 after purchasing an additional 6 shares during the last quarter. L & S Advisors Inc lifted its stake in Martin Marietta Materials by 0.8% in the second quarter. L & S Advisors Inc now owns 3,091 shares of the construction company’s stock valued at $688,000 after purchasing an additional 26 shares during the last quarter. CIBC Asset Management Inc lifted its stake in Martin Marietta Materials by 0.3% in the second quarter. CIBC Asset Management Inc now owns 9,431 shares of the construction company’s stock valued at $2,099,000 after purchasing an additional 27 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. lifted its stake in Martin Marietta Materials by 0.7% in the second quarter. Candriam Luxembourg S.C.A. now owns 4,438 shares of the construction company’s stock valued at $988,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 95.74% of the company’s stock.

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About Martin Marietta Materials

Martin Marietta Materials, Inc is a supplier of aggregates products (crushed stone, sand, and gravel) used for the construction of infrastructure, nonresidential, and residential projects. Aggregates products are also used for railroad ballast and in agricultural, utility and environmental applications.

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