Analysts expect that Martin Marietta Materials, Inc. (NYSE:MLM) will post sales of $1.25 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Martin Marietta Materials’ earnings, with the lowest sales estimate coming in at $1.23 billion and the highest estimate coming in at $1.26 billion. Martin Marietta Materials posted sales of $1.14 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 9.6%. The business is scheduled to report its next earnings report on Tuesday, November 5th.

On average, analysts expect that Martin Marietta Materials will report full year sales of $4.36 billion for the current year, with estimates ranging from $4.34 billion to $4.39 billion. For the next financial year, analysts forecast that the firm will post sales of $4.68 billion, with estimates ranging from $4.58 billion to $4.78 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Martin Marietta Materials.

Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, July 30th. The construction company reported $3.01 earnings per share for the quarter, missing analysts’ consensus estimates of $3.08 by ($0.07). Martin Marietta Materials had a net margin of 11.37% and a return on equity of 10.35%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.27 billion. During the same period last year, the firm posted $3.25 EPS. The company’s revenue was up 6.4% on a year-over-year basis.

A number of equities research analysts have recently weighed in on MLM shares. DA Davidson raised Martin Marietta Materials from a “neutral” rating to a “buy” rating and set a $227.22 target price for the company in a research note on Thursday, June 6th. ValuEngine raised Martin Marietta Materials from a “hold” rating to a “buy” rating in a research note on Wednesday, July 31st. Citigroup boosted their target price on Martin Marietta Materials from $239.00 to $255.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Jefferies Financial Group boosted their target price on Martin Marietta Materials from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Longbow Research boosted their target price on Martin Marietta Materials from $260.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and thirteen have given a buy rating to the company. Martin Marietta Materials presently has a consensus rating of “Buy” and an average target price of $226.37.

Shares of NYSE MLM traded up $1.86 during midday trading on Thursday, reaching $255.11. The company had a trading volume of 240,731 shares, compared to its average volume of 636,144. Martin Marietta Materials has a one year low of $150.75 and a one year high of $257.57. The company has a quick ratio of 1.08, a current ratio of 1.86 and a debt-to-equity ratio of 0.62. The firm’s fifty day moving average price is $237.57 and its 200-day moving average price is $215.00. The stock has a market cap of $15.81 billion, a PE ratio of 31.53, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 3rd will be issued a dividend of $0.55 per share. This is an increase from Martin Marietta Materials’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, August 30th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 0.86%. Martin Marietta Materials’s dividend payout ratio is 23.73%.

In other Martin Marietta Materials news, Chairman C Howard Nye sold 11,224 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $243.66, for a total transaction of $2,734,839.84. Following the transaction, the chairman now owns 158,885 shares in the company, valued at approximately $38,713,919.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Roselyn R. Bar sold 2,821 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $246.93, for a total value of $696,589.53. Following the transaction, the executive vice president now owns 57,149 shares in the company, valued at approximately $14,111,802.57. The disclosure for this sale can be found here. Insiders have sold a total of 14,869 shares of company stock worth $3,622,433 in the last quarter. Company insiders own 0.73% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Commonwealth Bank of Australia grew its stake in shares of Martin Marietta Materials by 28.1% in the 2nd quarter. Commonwealth Bank of Australia now owns 196 shares of the construction company’s stock worth $43,000 after buying an additional 43 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Martin Marietta Materials by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 6,563 shares of the construction company’s stock worth $1,510,000 after buying an additional 44 shares during the last quarter. Valeo Financial Advisors LLC grew its stake in shares of Martin Marietta Materials by 4.9% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,070 shares of the construction company’s stock worth $246,000 after buying an additional 50 shares during the last quarter. Hartford Investment Management Co. grew its stake in shares of Martin Marietta Materials by 0.8% in the 2nd quarter. Hartford Investment Management Co. now owns 6,851 shares of the construction company’s stock worth $1,576,000 after buying an additional 53 shares during the last quarter. Finally, Dupont Capital Management Corp grew its stake in shares of Martin Marietta Materials by 1.8% in the 2nd quarter. Dupont Capital Management Corp now owns 3,252 shares of the construction company’s stock worth $748,000 after buying an additional 56 shares during the last quarter.

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 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.

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

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