Analysts expect Martin Marietta Materials, Inc. (NYSE:MLM) to post sales of $1.22 billion for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Martin Marietta Materials’ earnings, with the highest sales estimate coming in at $1.25 billion and the lowest estimate coming in at $1.19 billion. Martin Marietta Materials posted sales of $1.13 billion during the same quarter last year, which suggests a positive year over year growth rate of 8%. The company is expected to announce its next earnings results on Thursday, July 25th.
On average, analysts expect that Martin Marietta Materials will report full-year sales of $4.37 billion for the current year, with estimates ranging from $4.33 billion to $4.42 billion. For the next fiscal year, analysts expect that the firm will post 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 firms that follow Martin Marietta Materials.
Martin Marietta Materials (NYSE:MLM) last posted its quarterly earnings data on Tuesday, April 30th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.29 by $0.39. The firm had revenue of $938.96 million during 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%. Martin Marietta Materials’s revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS.
Shares of NYSE MLM traded down $1.42 during trading hours on Friday, hitting $219.52. 729,136 shares of the stock were exchanged, compared to its average volume of 667,449. The company has a quick ratio of 0.96, a current ratio of 1.81 and a debt-to-equity ratio of 0.65. The firm has a market cap of $14.23 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 2.26 and a beta of 1.13. Martin Marietta Materials has a 12 month low of $150.75 and a 12 month high of $232.88.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 3rd will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Friday, May 31st. Martin Marietta Materials’s dividend payout ratio (DPR) is presently 23.73%.
In other Martin Marietta Materials news, Director Laree E. Perez sold 824 shares of the stock in a transaction on Monday, June 10th. The shares were sold at an average price of $231.80, for a total transaction of $191,003.20. Following the transaction, the director now directly owns 14,136 shares of the company’s stock, valued at $3,276,724.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman C Howard Nye sold 14,668 shares of the stock in a transaction on Monday, May 6th. The shares were sold at an average price of $220.48, for a total transaction of $3,234,000.64. Following the transaction, the chairman now directly owns 167,019 shares in the company, valued at $36,824,349.12. The disclosure for this sale can be found here. Insiders have sold 18,675 shares of company stock worth $4,125,869 over the last three months. 0.73% of the stock is currently owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Meridian Wealth Management LLC purchased a new position in shares of Martin Marietta Materials in the first quarter worth about $64,000. Marshall Wace North America L.P. purchased a new stake in shares of Martin Marietta Materials during the 1st quarter worth approximately $62,000. B.S. Pension Fund Trustee Ltd acting for the British Steel Pension Fund acquired a new position in shares of Martin Marietta Materials in the 1st quarter valued at $483,000. Advisory Services Network LLC increased its holdings in shares of Martin Marietta Materials by 68.1% in the 1st quarter. Advisory Services Network LLC now owns 6,681 shares of the construction company’s stock valued at $1,344,000 after acquiring an additional 2,706 shares during the period. Finally, Gilder Gagnon Howe & Co. LLC increased its stake in Martin Marietta Materials by 33.7% in the 1st quarter. Gilder Gagnon Howe & Co. LLC now owns 457,498 shares of the construction company’s stock valued at $92,039,000 after buying an additional 115,390 shares during the period.
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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