Martin Marietta Materials (MLM) Expected to Announce Earnings on Wednesday

Martin Marietta Materials (NYSE:MLM) is anticipated to post its quarterly earnings results before the market opens on Wednesday, February 12th. Analysts expect Martin Marietta Materials to post earnings of $4.62 per share and revenue of $1.65 billion for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Martin Marietta Materials Trading Up 0.3 %

Shares of Martin Marietta Materials stock opened at $537.29 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.34 and a quick ratio of 1.24. Martin Marietta Materials has a 1-year low of $490.05 and a 1-year high of $633.23. The company’s fifty day simple moving average is $543.87 and its 200-day simple moving average is $550.58. The stock has a market capitalization of $32.84 billion, a PE ratio of 16.74, a P/E/G ratio of 4.60 and a beta of 0.91.

Martin Marietta Materials Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 2nd were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.59%. The ex-dividend date of this dividend was Monday, December 2nd. Martin Marietta Materials’s dividend payout ratio (DPR) is 9.85%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. UBS Group started coverage on shares of Martin Marietta Materials in a research note on Thursday, November 7th. They set a “buy” rating and a $730.00 target price on the stock. Wolfe Research upgraded shares of Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target on the stock in a report on Wednesday, January 8th. HSBC upgraded shares of Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target on the stock in a report on Wednesday, December 11th. Hsbc Global Res upgraded shares of Martin Marietta Materials from a “hold” rating to a “strong-buy” rating in a report on Wednesday, December 11th. Finally, Citigroup reduced their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $648.71.

About Martin Marietta Materials

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.