Martin Marietta Materials (MLM) Projected to Post Quarterly Earnings on Tuesday

Martin Marietta Materials (NYSE:MLM - Get Free Report) is expected to be issuing its Q1 2025 quarterly earnings data before the market opens on Tuesday, April 29th. Analysts expect Martin Marietta Materials to post earnings of $1.85 per share and revenue of $1.36 billion for the quarter. Martin Marietta Materials has set its FY 2025 guidance at EPS.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last released its earnings results on Wednesday, February 12th. The construction company reported $4.79 earnings per share for the quarter, topping the consensus estimate of $4.62 by $0.17. Martin Marietta Materials had a net margin of 30.54% and a return on equity of 12.11%. On average, analysts expect Martin Marietta Materials to post $20 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Martin Marietta Materials Stock Performance

Shares of NYSE:MLM traded down $4.25 on Friday, hitting $505.00. 327,918 shares of the company were exchanged, compared to its average volume of 486,254. The company has a current ratio of 2.50, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The stock's 50 day moving average price is $484.04 and its 200 day moving average price is $531.70. Martin Marietta Materials has a 1-year low of $441.95 and a 1-year high of $633.23. The firm has a market capitalization of $30.60 billion, a P/E ratio of 15.62, a price-to-earnings-growth ratio of 4.45 and a beta of 0.81.

Martin Marietta Materials Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 3rd were paid a $0.79 dividend. This represents a $3.16 annualized dividend and a dividend yield of 0.63%. The ex-dividend date of this dividend was Monday, March 3rd. Martin Marietta Materials's payout ratio is 9.77%.

Insiders Place Their Bets

In other news, EVP Donald A. Mccunniff sold 1,332 shares of the company's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $475.00, for a total transaction of $632,700.00. Following the completion of the sale, the executive vice president now owns 3,523 shares of the company's stock, valued at $1,673,425. This represents a 27.44 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Michael J. Petro purchased 550 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was acquired at an average cost of $454.37 per share, for a total transaction of $249,903.50. Following the completion of the purchase, the senior vice president now owns 8,985 shares of the company's stock, valued at approximately $4,082,514.45. This represents a 6.52 % increase in their position. The disclosure for this purchase can be found here. 0.68% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Citigroup decreased their price objective on shares of Martin Marietta Materials from $701.00 to $600.00 and set a "buy" rating for the company in a research note on Monday, January 6th. UBS Group lowered shares of Martin Marietta Materials from a "buy" rating to a "neutral" rating and set a $491.00 price target on the stock. in a report on Monday, April 7th. Seaport Res Ptn upgraded Martin Marietta Materials to a "strong-buy" rating in a research note on Friday, March 21st. Barclays lowered their target price on Martin Marietta Materials from $645.00 to $600.00 and set an "overweight" rating on the stock in a research note on Thursday, February 13th. Finally, Stifel Nicolaus initiated coverage on Martin Marietta Materials in a report on Tuesday, March 4th. They set a "buy" rating and a $559.00 target price on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Martin Marietta Materials presently has a consensus rating of "Moderate Buy" and a consensus price target of $599.62.

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.