Martin Marietta Materials (MLM) Scheduled to Post Earnings on Tuesday

Martin Marietta Materials (NYSE:MLM) will be issuing its quarterly earnings data before the market opens on Tuesday, November 6th. Analysts expect the company to announce earnings of $2.68 per share for the quarter.

Martin Marietta Materials stock opened at $177.43 on Friday. The firm has a market cap of $11.18 billion, a PE ratio of 24.71, a PEG ratio of 1.43 and a beta of 1.09. Martin Marietta Materials has a 12-month low of $150.75 and a 12-month high of $241.33. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.05 and a quick ratio of 1.14.

In related news, SVP Donald A. Mccunniff sold 2,250 shares of Martin Marietta Materials stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $204.33, for a total transaction of $459,742.50. Following the sale, the senior vice president now directly owns 12,649 shares in the company, valued at approximately $2,584,570.17. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.75% of the stock is owned by company insiders.

MLM has been the subject of several recent analyst reports. Barclays set a $215.00 price objective on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Friday, September 28th. Nomura initiated coverage on shares of Martin Marietta Materials in a research report on Monday, October 29th. They set a “buy” rating and a $220.00 price objective for the company. ValuEngine raised shares of Martin Marietta Materials from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Bank of America decreased their price objective on shares of Martin Marietta Materials to $247.00 and set a “buy” rating for the company in a research report on Wednesday, July 25th. Finally, DA Davidson set a $200.00 price objective on shares of Martin Marietta Materials and gave the stock a “hold” rating in a research report on Thursday, October 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Martin Marietta Materials presently has an average rating of “Buy” and an average target price of $221.67.

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 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 for Martin Marietta Materials (NYSE:MLM)

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