Zacks Research Has Pessimistic Outlook of MLM Q4 Earnings

Martin Marietta Materials, Inc. (NYSE:MLM - Free Report) - Research analysts at Zacks Research dropped their Q4 2024 earnings per share (EPS) estimates for Martin Marietta Materials in a research report issued on Wednesday, November 20th. Zacks Research analyst R. Department now expects that the construction company will post earnings per share of $4.47 for the quarter, down from their prior forecast 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.

Martin Marietta Materials (NYSE:MLM - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The construction company reported $5.91 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $6.41 by ($0.50). The firm had revenue of $1.89 billion during 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%. The firm's revenue for the quarter was down 5.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.94 EPS.

Several other equities research analysts have also recently weighed in on MLM. Citigroup lowered their price target on shares of Martin Marietta Materials from $658.00 to $646.00 and set a "buy" rating for the company in a research report on Monday, August 12th. BNP Paribas upgraded Martin Marietta Materials to a "strong-buy" rating in a research note on Thursday, September 19th. Barclays lifted their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. StockNews.com upgraded shares of Martin Marietta Materials from a "sell" rating to a "hold" rating in a report on Thursday. Finally, JPMorgan Chase & Co. decreased their target price on shares of Martin Marietta Materials from $560.00 to $515.00 and set a "neutral" rating for the company in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $634.85.

Martin Marietta Materials Stock Up 1.2 %

Shares of MLM traded up $6.88 during midday trading on Friday, reaching $597.48. 168,430 shares of the stock were exchanged, compared to its average volume of 444,987. Martin Marietta Materials has a 52 week low of $456.83 and a 52 week high of $633.23. The company's 50 day moving average is $563.67 and its two-hundred day moving average is $556.76. The company has a market capitalization of $36.52 billion, a P/E ratio of 18.44, a PEG ratio of 3.89 and a beta of 0.90. The company has a current ratio of 2.34, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Hedge Funds Weigh In On Martin Marietta Materials

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. purchased a new position in shares of Martin Marietta Materials during the 3rd quarter worth $734,000. Peak Financial Advisors LLC acquired a new position in Martin Marietta Materials in the 2nd quarter valued at about $2,710,000. O Shaughnessy Asset Management LLC grew its stake in shares of Martin Marietta Materials by 35.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 3,843 shares of the construction company's stock valued at $2,359,000 after buying an additional 1,003 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Martin Marietta Materials by 2.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 465,703 shares of the construction company's stock worth $252,318,000 after buying an additional 11,749 shares during the last quarter. Finally, ING Groep NV purchased a new stake in shares of Martin Marietta Materials during the 3rd quarter valued at approximately $1,601,000. Institutional investors and hedge funds own 95.04% of the company's stock.

Martin Marietta Materials Dividend Announcement

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

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.