Analysts expect that Martin Marietta Materials, Inc. (NYSE:MLM) will announce sales of $1.21 billion for the current quarter, Zacks reports. Four analysts have provided estimates for Martin Marietta Materials’ earnings, with estimates ranging from $1.08 billion to $1.28 billion. Martin Marietta Materials reported sales of $1.02 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 18.6%. The company is scheduled to report its next earnings report on Thursday, November 1st.
According to Zacks, analysts expect that Martin Marietta Materials will report full-year sales of $4.13 billion for the current fiscal year, with estimates ranging from $3.98 billion to $4.21 billion. For the next year, analysts anticipate that the firm will post sales of $4.56 billion, with estimates ranging from $4.39 billion to $4.69 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last issued its quarterly earnings data on Thursday, July 26th. The construction company reported $3.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.80 by $0.45. Martin Marietta Materials had a return on equity of 10.52% and a net margin of 17.82%. The business had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period in the previous year, the firm posted $2.27 earnings per share. The company’s revenue was up 13.1% on a year-over-year basis.
Shares of NYSE MLM traded down $3.39 during trading on Tuesday, reaching $182.61. The stock had a trading volume of 597,043 shares, compared to its average volume of 654,863. Martin Marietta Materials has a fifty-two week low of $180.54 and a fifty-two week high of $241.33. The company has a current ratio of 2.05, a quick ratio of 1.14 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $11.47 billion, a PE ratio of 25.43, a PEG ratio of 1.37 and a beta of 1.08.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Tuesday, September 4th were issued a $0.48 dividend. The ex-dividend date was Friday, August 31st. This is a positive change from Martin Marietta Materials’s previous quarterly dividend of $0.44. This represents a $1.92 dividend on an annualized basis and a yield of 1.05%. Martin Marietta Materials’s dividend payout ratio (DPR) is 26.74%.
In related news, SVP Donald A. Mccunniff sold 2,250 shares of Martin Marietta Materials stock in a transaction on Wednesday, August 22nd. The stock was sold at an average price of $204.33, for a total value of $459,742.50. Following the completion of the transaction, the senior vice president now directly owns 12,649 shares in the company, valued at $2,584,570.17. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director John J. Koraleski bought 2,400 shares of the firm’s stock in a transaction that occurred on Friday, July 27th. The stock was bought at an average price of $208.06 per share, with a total value of $499,344.00. Following the completion of the acquisition, the director now owns 4,750 shares of the company’s stock, valued at approximately $988,285. The disclosure for this purchase can be found here. Company insiders own 0.75% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MLM. IFP Advisors Inc lifted its holdings in Martin Marietta Materials by 70.6% during the 1st quarter. IFP Advisors Inc now owns 829 shares of the construction company’s stock worth $172,000 after buying an additional 343 shares during the last quarter. Natixis Advisors L.P. lifted its holdings in Martin Marietta Materials by 2.0% during the 1st quarter. Natixis Advisors L.P. now owns 12,562 shares of the construction company’s stock worth $2,604,000 after buying an additional 249 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Martin Marietta Materials by 2.6% during the 1st quarter. California Public Employees Retirement System now owns 124,490 shares of the construction company’s stock worth $25,807,000 after buying an additional 3,157 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in Martin Marietta Materials by 4.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 411,084 shares of the construction company’s stock worth $85,218,000 after buying an additional 18,814 shares during the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Martin Marietta Materials by 62.5% during the 1st quarter. BNP Paribas Arbitrage SA now owns 18,558 shares of the construction company’s stock worth $3,847,000 after buying an additional 7,141 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 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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