Brokerages expect Martin Marietta Materials, Inc. (NYSE:MLM) to announce $1.22 billion in sales for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Martin Marietta Materials’ earnings, with estimates ranging from $1.19 billion to $1.25 billion. Martin Marietta Materials posted sales of $1.13 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 8%. The company is expected to issue its next earnings report on Thursday, July 25th.

On average, analysts expect that Martin Marietta Materials will report full-year sales of $4.37 billion for the current fiscal year, with estimates ranging from $4.33 billion to $4.42 billion. For the next fiscal year, analysts expect that the company will report sales of $4.68 billion, with estimates ranging from $4.58 billion to $4.78 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.39. The firm had revenue of $938.96 million for the quarter, compared to analyst estimates of $881.82 million. Martin Marietta Materials had a net margin of 11.48% and a return on equity of 10.82%. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.16 earnings per share.

Several equities analysts recently weighed in on MLM shares. Jefferies Financial Group reaffirmed a “buy” rating and set a $232.00 price objective on shares of Martin Marietta Materials in a research report on Tuesday, January 29th. Zacks Investment Research lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a research report on Friday, February 15th. Stephens raised shares of Martin Marietta Materials from an “equal” rating to an “overweight” rating in a research report on Friday, February 15th. Citigroup set a $211.00 price target on shares of Martin Marietta Materials and gave the company a “buy” rating in a research report on Thursday, February 14th. Finally, Berenberg Bank began coverage on shares of Martin Marietta Materials in a research report on Wednesday, April 3rd. They issued a “hold” rating and a $194.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $219.93.

In related news, SVP Donald A. Mccunniff sold 3,183 shares of the business’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $220.19, for a total transaction of $700,864.77. Following the transaction, the senior vice president now owns 16,724 shares of the company’s stock, valued at $3,682,457.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donald A. Mccunniff sold 660 shares of the business’s stock in a transaction on Wednesday, February 27th. The stock was sold at an average price of $190.90, for a total transaction of $125,994.00. Following the transaction, the senior vice president now directly owns 15,349 shares in the company, valued at approximately $2,930,124.10. The disclosure for this sale can be found here. Insiders have sold 20,011 shares of company stock worth $4,353,464 in the last ninety days. 0.73% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in MLM. Man Group plc bought a new position in Martin Marietta Materials during the third quarter worth $255,000. Nordea Investment Management AB increased its position in Martin Marietta Materials by 1,994.5% during the third quarter. Nordea Investment Management AB now owns 60,698 shares of the construction company’s stock worth $11,045,000 after acquiring an additional 57,800 shares during the period. Legal & General Group Plc increased its position in Martin Marietta Materials by 2.3% during the third quarter. Legal & General Group Plc now owns 271,065 shares of the construction company’s stock worth $49,320,000 after acquiring an additional 6,100 shares during the period. Vanguard Group Inc increased its position in Martin Marietta Materials by 0.4% during the third quarter. Vanguard Group Inc now owns 6,653,036 shares of the construction company’s stock worth $1,210,520,000 after acquiring an additional 28,832 shares during the period. Finally, Federated Investors Inc. PA boosted its stake in Martin Marietta Materials by 77,513.2% during the third quarter. Federated Investors Inc. PA now owns 135,047 shares of the construction company’s stock worth $24,572,000 after buying an additional 134,873 shares in the last quarter.

Shares of MLM opened at $217.31 on Thursday. The company has a market cap of $13.30 billion, a P/E ratio of 26.86, a price-to-earnings-growth ratio of 2.09 and a beta of 1.15. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.96 and a current ratio of 1.81. Martin Marietta Materials has a twelve month low of $150.75 and a twelve month high of $232.88.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 3rd will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date of this dividend is Friday, May 31st. Martin Marietta Materials’s dividend payout ratio is 23.73%.

About Martin Marietta Materials

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 offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.

Recommended Story: Penny Stocks

Get a free copy of the Zacks research report on Martin Marietta Materials (MLM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Martin Marietta Materials Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Martin Marietta Materials and related companies with MarketBeat.com's FREE daily email newsletter.