Zacks Research Issues Negative Forecast for MLM Earnings

Martin Marietta Materials, Inc. (NYSE:MLM) – Equities researchers at Zacks Research decreased their Q4 2024 EPS estimates for Martin Marietta Materials in a research report issued to clients and investors on Wednesday, November 20th. Zacks Research analyst R. Department now anticipates that the construction company will post earnings per share of $4.47 for the quarter, down from their prior estimate of $4.94. The consensus estimate for Martin Marietta Materials’ current full-year earnings is $17.84 per share. Zacks Research also issued estimates for Martin Marietta Materials’ Q1 2025 earnings at $2.06 EPS, Q2 2025 earnings at $6.11 EPS, Q3 2025 earnings at $7.31 EPS, Q4 2025 earnings at $5.13 EPS, Q1 2026 earnings at $2.13 EPS, Q2 2026 earnings at $6.44 EPS and Q3 2026 earnings at $7.66 EPS.

MLM has been the subject of several other reports. Citigroup reduced their price objective on Martin Marietta Materials from $658.00 to $646.00 and set a “buy” rating for the company in a research note on Monday, August 12th. Morgan Stanley boosted their target price on Martin Marietta Materials from $610.00 to $657.00 and gave the company an “overweight” rating in a research report on Monday, August 26th. Stephens reduced their price objective on shares of Martin Marietta Materials from $650.00 to $610.00 and set an “overweight” rating on the stock in a research report on Friday, August 9th. Barclays lifted their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, BNP Paribas upgraded Martin Marietta Materials to a “strong-buy” rating in a report on Thursday, September 19th. Four analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Martin Marietta Materials currently has a consensus rating of “Moderate Buy” and an average target price of $634.85.

Martin Marietta Materials Price Performance

Shares of NYSE MLM opened at $597.81 on Friday. Martin Marietta Materials has a twelve month low of $456.83 and a twelve month high of $633.23. The company has a 50 day moving average of $565.21 and a 200 day moving average of $556.75. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43. The firm has a market cap of $36.54 billion, a P/E ratio of 18.63, a PEG ratio of 3.95 and a beta of 0.90.

Martin Marietta Materials (NYSE:MLM) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $6.41 by ($0.50). The company had revenue of $1.89 billion for the quarter, compared to analysts’ expectations of $1.94 billion. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Martin Marietta Materials’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $6.94 EPS.

Martin Marietta Materials Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 2nd will be given a dividend of $0.79 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.53%. Martin Marietta Materials’s payout ratio is currently 9.85%.

Institutional Investors Weigh In On Martin Marietta Materials

Institutional investors and hedge funds have recently modified their holdings of the company. Newbridge Financial Services Group Inc. increased its position in shares of Martin Marietta Materials by 411.1% during the second quarter. Newbridge Financial Services Group Inc. now owns 46 shares of the construction company’s stock worth $25,000 after acquiring an additional 37 shares during the period. Asset Dedication LLC grew its position in shares of Martin Marietta Materials by 1,300.0% during the third quarter. Asset Dedication LLC now owns 56 shares of the construction company’s stock worth $30,000 after buying an additional 52 shares in the last quarter. First Personal Financial Services purchased a new stake in shares of Martin Marietta Materials during the third quarter worth approximately $33,000. Fortitude Family Office LLC raised its holdings in Martin Marietta Materials by 186.4% in the second quarter. Fortitude Family Office LLC now owns 63 shares of the construction company’s stock valued at $34,000 after acquiring an additional 41 shares in the last quarter. Finally, Pathway Financial Advisers LLC purchased a new position in Martin Marietta Materials in the first quarter worth approximately $41,000. Hedge funds and other institutional investors own 95.04% of the company’s stock.

Martin Marietta Materials Company Profile

Martin Marietta Materials, Inc, a natural resource-based building materials company, supplies aggregates and heavy-side building materials to the construction industry in the United States and internationally. It offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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.