Equities analysts predict that Martin Marietta Materials, Inc. (NYSE:MLM) will announce earnings per share of $3.41 for the current quarter, according to Zacks. Four analysts have issued estimates for Martin Marietta Materials’ earnings, with the lowest EPS estimate coming in at $3.27 and the highest estimate coming in at $3.54. Martin Marietta Materials reported earnings of $2.85 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.6%. The firm is expected to report its next earnings results on Tuesday, November 5th.
On average, analysts expect that Martin Marietta Materials will report full-year earnings of $9.34 per share for the current fiscal year, with EPS estimates ranging from $9.17 to $9.75. For the next fiscal year, analysts expect that the firm will report earnings of $10.89 per share, with EPS estimates ranging from $10.51 to $11.26. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, July 30th. The construction company reported $3.01 EPS for the quarter, missing the Zacks’ consensus estimate of $3.08 by ($0.07). Martin Marietta Materials had a net margin of 11.37% and a return on equity of 10.35%. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the previous year, the business posted $3.25 earnings per share. The firm’s quarterly revenue was up 6.4% on a year-over-year basis.
In related news, EVP Roselyn R. Bar sold 2,821 shares of Martin Marietta Materials stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $246.93, for a total value of $696,589.53. Following the sale, the executive vice president now owns 57,149 shares of the company’s stock, valued at $14,111,802.57. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Laree E. Perez sold 824 shares of Martin Marietta Materials stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $231.80, for a total value of $191,003.20. Following the completion of the sale, the director now directly owns 14,136 shares in the company, valued at approximately $3,276,724.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 14,869 shares of company stock worth $3,622,433. 0.73% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia increased its position in shares of Martin Marietta Materials by 28.1% in the second quarter. Commonwealth Bank of Australia now owns 196 shares of the construction company’s stock valued at $43,000 after acquiring an additional 43 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of Martin Marietta Materials by 0.7% in the second quarter. D.A. Davidson & CO. now owns 6,563 shares of the construction company’s stock valued at $1,510,000 after acquiring an additional 44 shares during the last quarter. Valeo Financial Advisors LLC increased its position in shares of Martin Marietta Materials by 4.9% in the second quarter. Valeo Financial Advisors LLC now owns 1,070 shares of the construction company’s stock valued at $246,000 after acquiring an additional 50 shares during the last quarter. Hartford Investment Management Co. grew its holdings in Martin Marietta Materials by 0.8% during the second quarter. Hartford Investment Management Co. now owns 6,851 shares of the construction company’s stock worth $1,576,000 after purchasing an additional 53 shares during the period. Finally, Dupont Capital Management Corp grew its holdings in Martin Marietta Materials by 1.8% during the second quarter. Dupont Capital Management Corp now owns 3,252 shares of the construction company’s stock worth $748,000 after purchasing an additional 56 shares during the period.
Shares of MLM traded up $4.76 during midday trading on Tuesday, hitting $254.84. The stock had a trading volume of 406,200 shares, compared to its average volume of 716,546. The company has a 50 day simple moving average of $234.51 and a two-hundred day simple moving average of $213.28. Martin Marietta Materials has a twelve month low of $150.75 and a twelve month high of $255.67. The firm has a market cap of $15.61 billion, a price-to-earnings ratio of 31.50, a price-to-earnings-growth ratio of 2.35 and a beta of 1.13. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.86 and a quick ratio of 1.08.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Tuesday, September 3rd will be given a $0.55 dividend. The ex-dividend date is Friday, August 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.86%. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.48. Martin Marietta Materials’s payout ratio is currently 23.73%.
Martin Marietta Materials Company Profile
Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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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