Equities research analysts forecast that Martin Marietta Materials, Inc. (NYSE:MLM) will report $820.26 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Martin Marietta Materials’ earnings, with estimates ranging from $776.00 million to $853.80 million. Martin Marietta Materials reported sales of $791.70 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.6%. The business is expected to announce its next earnings results on Tuesday, May 1st.
On average, analysts expect that Martin Marietta Materials will report full-year sales of $820.26 million for the current fiscal year, with estimates ranging from $4.02 billion to $4.22 billion. For the next year, analysts anticipate that the business will report sales of $4.44 billion per share, with estimates ranging from $4.26 billion to $4.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover 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 Thomson Reuters’ consensus estimate of $1.42 by $0.46. The firm 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%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.55 EPS.
Several research analysts have recently commented on the company. Alembic Global Advisors reissued a “buy” rating on shares of Martin Marietta Materials in a research report on Wednesday, February 14th. SunTrust Banks reissued a “buy” rating and issued a $245.00 price target on shares of Martin Marietta Materials in a research report on Tuesday, February 13th. Citigroup boosted their price target on Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a research report on Thursday, January 25th. Zacks Investment Research raised Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Wednesday, January 31st. Finally, Stephens reissued a “hold” rating and issued a $250.00 price target on shares of Martin Marietta Materials in a research report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $243.25.
In related news, Director Laree E. Perez sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 14th. The stock was sold at an average price of $214.00, for a total transaction of $642,000.00. Following the transaction, the director now directly owns 16,751 shares of the company’s stock, valued at approximately $3,584,714. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.45% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Valeo Financial Advisors LLC increased its position in Martin Marietta Materials by 149.0% during the 4th quarter. Valeo Financial Advisors LLC now owns 523 shares of the construction company’s stock valued at $116,000 after buying an additional 313 shares in the last quarter. Highlander Capital Management LLC acquired a new position in Martin Marietta Materials during the 3rd quarter valued at about $124,000. Captrust Financial Advisors acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $151,000. Massey Quick Simon & CO. LLC acquired a new position in Martin Marietta Materials during the 3rd quarter valued at about $152,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Martin Marietta Materials during the 4th quarter valued at about $155,000. 96.45% of the stock is currently owned by institutional investors.
Martin Marietta Materials (NYSE:MLM) opened at $214.09 on Wednesday. The company has a market capitalization of $13,593.38, a price-to-earnings ratio of 19.01, a PEG ratio of 3.14 and a beta of 1.10. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.73 and a quick ratio of 1.50. Martin Marietta Materials has a 1 year low of $191.09 and a 1 year high of $244.32.
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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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