Analysts Set Expectations for Martin Marietta Materials, Inc.’s FY2017 Earnings (MLM)

Martin Marietta Materials, Inc. (NYSE:MLM) – SunTrust Banks issued their FY2017 earnings estimates for Martin Marietta Materials in a research note issued on Monday. SunTrust Banks analyst R. Seth expects that the construction company will earn $6.71 per share for the year. SunTrust Banks has a “Buy” rating and a $245.00 price target on the stock. SunTrust Banks also issued estimates for Martin Marietta Materials’ Q4 2017 earnings at $1.39 EPS, Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $2.70 EPS, Q3 2018 earnings at $3.30 EPS, Q4 2018 earnings at $1.83 EPS, Q1 2019 earnings at $0.87 EPS, Q2 2019 earnings at $3.11 EPS, Q4 2019 earnings at $2.15 EPS and FY2020 earnings at $11.22 EPS.

A number of other equities research analysts have also weighed in on the company. Alembic Global Advisors reaffirmed a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday. Zacks Investment Research upgraded Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. Citigroup lifted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the company a “buy” rating in a report on Thursday, January 25th. Stephens reiterated a “hold” rating and issued a $250.00 price target on shares of Martin Marietta Materials in a report on Wednesday, January 3rd. Finally, Barclays initiated coverage on Martin Marietta Materials in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $227.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Martin Marietta Materials has a consensus rating of “Hold” and a consensus target price of $243.25.

Shares of Martin Marietta Materials (MLM) opened at $215.70 on Thursday. The company has a current ratio of 2.73, a quick ratio of 1.50 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $13,729.15, a price-to-earnings ratio of 30.38, a price-to-earnings-growth ratio of 2.29 and a beta of 1.10. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32.

Martin Marietta Materials (NYSE:MLM) last issued its earnings results on Tuesday, February 13th. The construction company reported $1.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.42 by $0.46. The business had revenue of $911.30 million during the quarter, compared to analyst estimates of $924.30 million. Martin Marietta Materials had a return on equity of 10.85% and a net margin of 17.99%. Martin Marietta Materials’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.55 EPS.

Large investors have recently made changes to their positions in the company. BerganKDV Wealth Management LLC increased its holdings in shares of Martin Marietta Materials by 25.1% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 5,709 shares of the construction company’s stock valued at $1,177,000 after acquiring an additional 1,146 shares during the period. Victory Capital Management Inc. grew its stake in Martin Marietta Materials by 10.9% during the 3rd quarter. Victory Capital Management Inc. now owns 20,135 shares of the construction company’s stock worth $4,153,000 after buying an additional 1,982 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its stake in Martin Marietta Materials by 66.4% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,120 shares of the construction company’s stock worth $644,000 after buying an additional 1,245 shares during the last quarter. Renaissance Investment Group LLC grew its stake in Martin Marietta Materials by 3.9% during the 4th quarter. Renaissance Investment Group LLC now owns 13,332 shares of the construction company’s stock worth $2,947,000 after buying an additional 499 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in Martin Marietta Materials by 10.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 510,000 shares of the construction company’s stock worth $105,177,000 after buying an additional 48,000 shares during the last quarter. Institutional investors and hedge funds own 98.23% of the company’s stock.

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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.

Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

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