Wall Street analysts forecast that Martin Marietta Materials, Inc. (NYSE:MLM) will announce earnings per share of $2.10 for the current quarter, Zacks reports. Three analysts have made estimates for Martin Marietta Materials’ earnings, with the highest EPS estimate coming in at $2.20 and the lowest estimate coming in at $2.00. Martin Marietta Materials reported earnings of $1.66 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.5%. The firm is scheduled to issue its next earnings results on Tuesday, February 11th.
On average, analysts expect that Martin Marietta Materials will report full-year earnings of $9.89 per share for the current financial year, with EPS estimates ranging from $9.66 to $10.20. For the next fiscal year, analysts forecast that the firm will report earnings of $11.61 per share, with EPS estimates ranging from $11.31 to $11.87. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings data on Tuesday, October 29th. The construction company reported $3.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.50 by $0.46. The business had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.33 billion. Martin Marietta Materials had a return on equity of 11.52% and a net margin of 12.35%. Martin Marietta Materials’s quarterly revenue was up 16.4% on a year-over-year basis. During the same period in the previous year, the business posted $2.85 earnings per share.
Shares of MLM traded down $1.01 on Tuesday, reaching $260.43. 362,812 shares of the stock traded hands, compared to its average volume of 721,869. The firm has a market cap of $16.34 billion, a price-to-earnings ratio of 32.19, a P/E/G ratio of 2.37 and a beta of 1.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.29 and a quick ratio of 1.35. Martin Marietta Materials has a 12 month low of $160.60 and a 12 month high of $275.99. The stock’s 50-day moving average price is $264.58 and its 200-day moving average price is $242.10.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be paid a $0.55 dividend. This represents a $2.20 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Friday, November 29th. Martin Marietta Materials’s dividend payout ratio is 27.19%.
In related news, CEO C Howard Nye sold 7,440 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $253.52, for a total value of $1,886,188.80. Following the sale, the chief executive officer now owns 154,544 shares of the company’s stock, valued at approximately $39,179,994.88. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.73% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in MLM. Destination Wealth Management boosted its stake in Martin Marietta Materials by 825.0% in the second quarter. Destination Wealth Management now owns 111 shares of the construction company’s stock worth $26,000 after purchasing an additional 99 shares in the last quarter. Rational Advisors LLC boosted its stake in Martin Marietta Materials by 2,160.0% in the second quarter. Rational Advisors LLC now owns 113 shares of the construction company’s stock worth $26,000 after purchasing an additional 108 shares in the last quarter. Prime Capital Investment Advisors LLC acquired a new position in Martin Marietta Materials in the third quarter worth $27,000. Steward Partners Investment Advisory LLC acquired a new position in Martin Marietta Materials in the second quarter worth $31,000. Finally, Capital Investment Advisory Services LLC boosted its stake in Martin Marietta Materials by 153.3% in the second quarter. Capital Investment Advisory Services LLC now owns 152 shares of the construction company’s stock worth $34,000 after purchasing an additional 92 shares in the last quarter.
About Martin Marietta Materials
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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