Equities research analysts expect that Martin Marietta Materials (NYSE:MLM) will report earnings per share of $0.41 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Martin Marietta Materials’ earnings. The highest EPS estimate is $0.65 and the lowest is $0.27. Martin Marietta Materials reported earnings of $0.67 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 38.8%. The business is scheduled to report its next quarterly earnings report on Tuesday, May 1st.

According to Zacks, analysts expect that Martin Marietta Materials will report full year earnings of $8.53 per share for the current year, with EPS estimates ranging from $7.95 to $9.12. For the next financial year, analysts forecast that the company will report earnings of $10.46 per share, with EPS estimates ranging from $9.87 to $11.31. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings data on Tuesday, February 13th. The construction company reported $1.88 EPS for the quarter, beating the consensus estimate of $1.42 by $0.46. The business had revenue of $911.30 million during the quarter, compared to the consensus estimate of $924.30 million. Martin Marietta Materials had a net margin of 17.99% and a return on equity of 10.55%. The company’s revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.55 earnings per share.

MLM has been the subject of several research analyst reports. Citigroup upped their price target on shares of Martin Marietta Materials from $245.00 to $265.00 and gave the stock a “buy” rating in a report on Thursday, January 25th. Alembic Global Advisors reiterated a “buy” rating on shares of Martin Marietta Materials in a report on Wednesday, February 14th. SunTrust Banks reiterated a “buy” rating and set a $245.00 price target on shares of Martin Marietta Materials in a report on Tuesday, February 13th. Stephens reiterated a “hold” rating and set a $233.00 price target on shares of Martin Marietta Materials in a report on Friday, April 13th. Finally, Zacks Investment Research upgraded shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a report on Wednesday, January 31st. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $241.13.

In other news, Director Sue W. Cole sold 3,000 shares of the stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $210.06, for a total transaction of $630,180.00. Following the transaction, the director now owns 24,145 shares of the company’s stock, valued at approximately $5,071,898.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.45% of the stock is owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the company. Montag A & Associates Inc. boosted its position in shares of Martin Marietta Materials by 100.2% during the 4th quarter. Montag A & Associates Inc. now owns 10,588 shares of the construction company’s stock worth $2,340,000 after purchasing an additional 5,299 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Martin Marietta Materials by 177.8% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 8,668 shares of the construction company’s stock worth $1,917,000 after purchasing an additional 5,548 shares in the last quarter. Renaissance Investment Group LLC boosted its position in shares of 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 purchasing an additional 499 shares in the last quarter. Capital Analysts LLC boosted its position in shares of Martin Marietta Materials by 215,137.9% during the 4th quarter. Capital Analysts LLC now owns 62,419 shares of the construction company’s stock worth $1,152,000 after purchasing an additional 62,390 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Martin Marietta Materials by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 22,445 shares of the construction company’s stock worth $4,962,000 after acquiring an additional 893 shares during the last quarter. 99.97% of the stock is currently owned by institutional investors.

Shares of NYSE:MLM opened at $196.33 on Friday. The firm has a market cap of $12,324.46, a PE ratio of 27.34, a P/E/G ratio of 2.85 and a beta of 1.13. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.79 and a quick ratio of 2.93. Martin Marietta Materials has a 52-week low of $190.36 and a 52-week high of $244.32.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Monday, March 5th were given a dividend of $0.44 per share. The ex-dividend date was Friday, March 2nd. This represents a $1.76 dividend on an annualized basis and a dividend yield of 0.90%. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 24.51%.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural-resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company provides crushed stone, sand, and gravel products; ready mixed concrete, and asphalt and paving products; and Portland and specialty cement for use in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

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

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