Wall Street analysts expect that Martin Marietta Materials, Inc. (NYSE:MLM) will announce $919.68 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Martin Marietta Materials’ earnings, with the lowest sales estimate coming in at $883.80 million and the highest estimate coming in at $967.90 million. Martin Marietta Materials posted sales of $889.00 million during the same quarter last year, which suggests a positive year-over-year growth rate of 3.5%. The firm is expected to report its next quarterly earnings results on Tuesday, February 13th.
On average, analysts expect that Martin Marietta Materials will report full year sales of $919.68 million for the current fiscal year, with estimates ranging from $3.70 billion to $3.83 billion. For the next fiscal year, analysts expect that the company will post sales of $4.09 billion per share, with estimates ranging from $4.04 billion to $4.15 billion. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.07 billion. During the same period in the previous year, the company posted $2.49 earnings per share. Martin Marietta Materials’s quarterly revenue was down 1.5% on a year-over-year basis.
A number of hedge funds have recently modified their holdings of MLM. Parametric Portfolio Associates LLC raised its holdings in shares of Martin Marietta Materials by 5.1% in the third quarter. Parametric Portfolio Associates LLC now owns 79,515 shares of the construction company’s stock worth $16,398,000 after buying an additional 3,858 shares during the period. Moors & Cabot Inc. purchased a new stake in shares of Martin Marietta Materials in the third quarter worth approximately $266,000. Neuberger Berman Group LLC raised its holdings in shares of Martin Marietta Materials by 18,467.9% in the third quarter. Neuberger Berman Group LLC now owns 269,606 shares of the construction company’s stock worth $55,601,000 after buying an additional 268,154 shares during the period. Alkeon Capital Management LLC raised its holdings in shares of Martin Marietta Materials by 0.7% in the third quarter. Alkeon Capital Management LLC now owns 430,918 shares of the construction company’s stock worth $88,868,000 after buying an additional 3,000 shares during the period. Finally, Highlander Capital Management LLC purchased a new stake in shares of Martin Marietta Materials in the third quarter worth approximately $124,000. Institutional investors and hedge funds own 97.45% of the company’s stock.
Shares of Martin Marietta Materials (NYSE:MLM) traded down $5.81 during trading on Friday, reaching $202.20. The company had a trading volume of 776,400 shares, compared to its average volume of 638,421. Martin Marietta Materials has a 52 week low of $191.09 and a 52 week high of $244.32. The company has a market capitalization of $13,075.42, a price-to-earnings ratio of 30.32, a PEG ratio of 2.17 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 1st will be given a dividend of $0.44 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.76 dividend on an annualized basis and a yield of 0.87%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 25.66%.
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Martin Marietta Materials Company Profile
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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