Brokerages expect Martin Marietta Materials, Inc. (NYSE:MLM) to report earnings per share (EPS) of $0.54 for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Martin Marietta Materials’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.76. Martin Marietta Materials reported earnings of $0.67 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 19.4%. The firm is expected to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that Martin Marietta Materials will report full year earnings of $8.53 per share for the current financial year, with EPS estimates ranging from $8.03 to $9.19. For the next fiscal year, analysts forecast that the firm will report earnings of $10.61 per share, with EPS estimates ranging from $9.87 to $11.31. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last released its quarterly earnings results on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, topping the consensus estimate of $1.42 by $0.46. Martin Marietta Materials had a return on equity of 10.55% and a net margin of 17.99%. The firm had revenue of $911.30 million for the quarter, compared to analyst estimates of $924.30 million. During the same period in the previous year, the company posted $1.55 EPS. Martin Marietta Materials’s revenue for the quarter was up 2.5% on a year-over-year basis.
In other news, Director Laree E. Perez sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total value of $642,000.00. Following the completion of the sale, the director now directly owns 16,751 shares in the company, valued at approximately $3,584,714. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.45% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Martin Marietta Materials by 10.9% in the 3rd quarter. Victory Capital Management Inc. now owns 20,135 shares of the construction company’s stock valued at $4,153,000 after acquiring an additional 1,982 shares during the last quarter. Montag A & Associates Inc. increased its holdings in shares of Martin Marietta Materials by 100.2% in the 4th quarter. Montag A & Associates Inc. now owns 10,588 shares of the construction company’s stock valued at $2,340,000 after acquiring an additional 5,299 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Martin Marietta Materials by 66.4% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,120 shares of the construction company’s stock valued at $644,000 after acquiring an additional 1,245 shares during the last quarter. Renaissance Investment Group LLC increased its holdings in shares of Martin Marietta Materials by 3.9% in the 4th quarter. Renaissance Investment Group LLC now owns 13,332 shares of the construction company’s stock valued at $2,947,000 after acquiring an additional 499 shares during the last quarter. Finally, Davidson Investment Advisors increased its holdings in shares of Martin Marietta Materials by 18.7% in the 3rd quarter. Davidson Investment Advisors now owns 23,789 shares of the construction company’s stock valued at $4,906,000 after acquiring an additional 3,745 shares during the last quarter. Institutional investors and hedge funds own 98.41% of the company’s stock.
Martin Marietta Materials (MLM) traded down $0.48 during mid-day trading on Wednesday, reaching $208.15. The company’s stock had a trading volume of 630,785 shares, compared to its average volume of 807,775. The company has a quick ratio of 2.93, a current ratio of 3.79 and a debt-to-equity ratio of 0.58. Martin Marietta Materials has a 52 week low of $191.09 and a 52 week high of $244.32. The stock has a market cap of $13,080.00, a P/E ratio of 29.03, a PEG ratio of 2.98 and a beta of 1.17.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Stockholders of record on Monday, March 5th will be issued a $0.44 dividend. The ex-dividend date is Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.85%. Martin Marietta Materials’s dividend payout ratio (DPR) is 24.55%.
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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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