Martin Marietta Materials, Inc. (MLM) Scheduled to Post Earnings on Monday
Martin Marietta Materials, Inc. (NYSE:MLM) will be releasing its earnings data before the market opens on Monday, October 30th.
Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, August 1st. The construction company reported $2.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.38 by ($0.13). The firm had revenue of $996.30 million for the quarter, compared to the consensus estimate of $1.01 billion. Martin Marietta Materials had a net margin of 11.19% and a return on equity of 10.69%. The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.90 earnings per share. On average, analysts expect Martin Marietta Materials to post $7.14 EPS for the current fiscal year and $9.71 EPS for the next fiscal year.
Shares of Martin Marietta Materials, Inc. (NYSE:MLM) opened at 216.16 on Monday. The firm’s 50-day moving average price is $204.74 and its 200 day moving average price is $217.51. Martin Marietta Materials, Inc. has a 52-week low of $175.16 and a 52-week high of $244.32. The company has a market capitalization of $13.58 billion, a PE ratio of 31.11 and a beta of 1.13.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Tuesday, September 5th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 0.81%. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, August 31st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 25.29%.
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MLM has been the topic of several research reports. Zacks Investment Research raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Monday, September 4th. Jefferies Group LLC reissued a “buy” rating and set a $240.00 price objective on shares of Martin Marietta Materials in a report on Wednesday, October 11th. BidaskClub lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Bank of America Corporation cut their price objective on shares of Martin Marietta Materials from $233.00 to $229.00 and set a “neutral” rating on the stock in a report on Thursday. 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $241.67.
In other news, Director John J. Koraleski bought 500 shares of the stock in a transaction on Friday, August 18th. The stock was bought at an average cost of $198.37 per share, for a total transaction of $99,185.00. Following the completion of the purchase, the director now directly owns 1,439 shares in the company, valued at $285,454.43. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 8.45% of the stock is owned by company insiders.
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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