Zacks: Brokerages Expect Martin Marietta Materials, Inc. (MLM) to Post $1.51 Earnings Per Share
Equities analysts expect that Martin Marietta Materials, Inc. (NYSE:MLM) will post earnings per share of $1.51 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Martin Marietta Materials’ earnings, with estimates ranging from $1.30 to $1.77. Martin Marietta Materials reported earnings of $1.55 per share during the same quarter last year, which indicates a negative year over year growth rate of 2.6%. The business is expected to announce its next quarterly earnings results on Tuesday, February 13th.
On average, analysts expect that Martin Marietta Materials will report full year earnings of $6.73 per share for the current financial year, with EPS estimates ranging from $6.61 to $6.87. For the next year, analysts anticipate that the business will post earnings of $8.45 per share, with EPS estimates ranging from $7.72 to $9.11. Zacks’ EPS calculations are an average based on a survey of research firms that cover Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Thursday, November 2nd. The construction company reported $2.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.06). Martin Marietta Materials had a return on equity of 10.39% and a net margin of 11.03%. The company had revenue of $1.02 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter in the prior year, the company posted $2.49 EPS. Martin Marietta Materials’s revenue was down 1.5% compared to the same quarter last year.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Martin Marietta Materials by 2.4% during the second quarter. Vanguard Group Inc. now owns 6,379,214 shares of the construction company’s stock valued at $1,419,885,000 after purchasing an additional 149,816 shares during the last quarter. BlackRock Inc. raised its stake in shares of Martin Marietta Materials by 2.2% in the second quarter. BlackRock Inc. now owns 3,817,803 shares of the construction company’s stock valued at $849,766,000 after acquiring an additional 81,136 shares during the period. Iridian Asset Management LLC CT raised its stake in shares of Martin Marietta Materials by 54.6% in the third quarter. Iridian Asset Management LLC CT now owns 1,785,402 shares of the construction company’s stock valued at $368,203,000 after acquiring an additional 630,357 shares during the period. Principal Financial Group Inc. raised its stake in shares of Martin Marietta Materials by 20.5% in the third quarter. Principal Financial Group Inc. now owns 1,660,752 shares of the construction company’s stock valued at $342,497,000 after acquiring an additional 282,189 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in shares of Martin Marietta Materials by 22.1% in the third quarter. JPMorgan Chase & Co. now owns 1,578,296 shares of the construction company’s stock valued at $323,552,000 after acquiring an additional 285,376 shares during the period. Institutional investors and hedge funds own 97.22% of the company’s stock.
Martin Marietta Materials (NYSE MLM) opened at $230.76 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.50 and a current ratio of 2.73. Martin Marietta Materials has a 12-month low of $191.09 and a 12-month high of $244.32. The firm has a market cap of $14,505.47, a price-to-earnings ratio of 33.64, a P/E/G ratio of 1.95 and a beta of 1.12.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 1st were given a dividend of $0.44 per share. The ex-dividend date was Thursday, November 30th. This represents a $1.76 annualized dividend and a yield of 0.76%. Martin Marietta Materials’s dividend payout ratio (DPR) is currently 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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