Equities analysis analysts count on Martin Marietta Supplies, Inc. (NYSE:MLM) to announce earnings per share (EPS) of $3.78 for the present quarter, Zacks experiences. Two analysts have made estimates for Martin Marietta Supplies’ earnings, with the bottom EPS estimate coming in at $3.68 and the very best estimate coming in at $3.91. Martin Marietta Supplies posted earnings per share of $3.96 throughout the identical quarter final 12 months, which suggests a unfavorable 12 months over 12 months progress fee of 4.5%. The enterprise is scheduled to announce its subsequent earnings outcomes earlier than the market opens on Thursday, October 29th.
On common, analysts count on that Martin Marietta Supplies will report full-year earnings of $9.61 per share for the present fiscal 12 months, with EPS estimates starting from $9.46 to $9.80. For the following 12 months, analysts anticipate that the enterprise will put up earnings of $10.21 per share, with EPS estimates starting from $9.12 to $11.38. Zacks Funding Analysis’s earnings per share averages are a imply common based mostly on a survey of analysis analysts that observe Martin Marietta Supplies.
Martin Marietta Supplies (NYSE:MLM) final posted its quarterly earnings outcomes on Tuesday, July 28th. The development firm reported $3.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.04 by $0.45. Martin Marietta Supplies had a web margin of 13.12% and a return on fairness of 11.62%. The agency had income of $1.27 billion through the quarter, in comparison with analysts’ expectations of $1.24 billion. Throughout the identical interval within the prior 12 months, the corporate posted $3.01 earnings per share. The agency’s income for the quarter was down .7% on a year-over-year foundation.
A lot of analysts just lately weighed in on MLM shares. Deutsche Financial institution Aktiengesellschaft upgraded Martin Marietta Supplies from a “maintain” ranking to a “purchase” ranking and lifted their value goal for the corporate from $230.00 to $311.00 in a analysis notice on Wednesday, October seventh. Financial institution of America lowered shares of Martin Marietta Supplies from a “purchase” ranking to a “impartial” ranking and boosted their goal value for the inventory from $246.00 to $280.00 in a analysis report on Tuesday, October 13th. Citigroup upped their value goal on shares of Martin Marietta Supplies from $230.00 to $263.00 and gave the inventory a “purchase” ranking in a analysis notice on Wednesday, July 22nd. TheStreet upgraded shares of Martin Marietta Supplies from a “c+” ranking to a “b-” ranking in a analysis notice on Friday, September 4th. Lastly, BofA Securities lowered shares of Martin Marietta Supplies from a “purchase” ranking to a “impartial” ranking and upped their goal value for the inventory from $246.00 to $280.00 in a analysis report on Tuesday, October 13th. 9 analysts have rated the inventory with a maintain ranking and eleven have assigned a purchase ranking to the corporate. The inventory has a median ranking of “Purchase” and a median value goal of $239.79.
In different information, Director Sue W. Cole offered 468 shares of Martin Marietta Supplies inventory in a transaction dated Thursday, September 10th. The shares had been offered at a median value of $207.03, for a complete transaction of $96,890.04. Following the completion of the sale, the director now immediately owns 22,364 shares within the firm, valued at $4,630,018.92. The sale was disclosed in a authorized submitting with the SEC, which is accessible via this hyperlink. Additionally, Director Sue W. Cole offered 750 shares of the enterprise’s inventory in a transaction that occurred on Tuesday, September eighth. The shares had been offered at a median value of $209.18, for a complete transaction of $156,885.00. Following the completion of the transaction, the director now immediately owns 22,364 shares of the corporate’s inventory, valued at roughly $4,678,101.52. The disclosure for this sale will be discovered right here. 0.73% of the inventory is owned by company insiders.
A lot of institutional buyers and hedge funds have just lately modified their holdings of the enterprise. Goldman Sachs Group Inc. boosted its holdings in shares of Martin Marietta Supplies by 42.2% through the second quarter. Goldman Sachs Group Inc. now owns 1,368,456 shares of the development firm’s inventory price $282,682,000 after buying a further 405,800 shares over the last quarter. William Blair Funding Administration LLC grew its holdings in Martin Marietta Supplies by 4.7% within the 2nd quarter. William Blair Funding Administration LLC now owns 1,193,809 shares of the development firm’s inventory valued at $246,605,000 after shopping for a further 54,050 shares through the interval. King Luther Capital Administration Corp lifted its holdings in shares of Martin Marietta Supplies by 6.8% through the 2nd quarter. King Luther Capital Administration Corp now owns 677,468 shares of the development firm’s inventory price $139,945,000 after buying a further 43,159 shares through the interval. M&G Funding Administration Ltd. lifted its holdings in shares of Martin Marietta Supplies by 18.9% through the 2nd quarter. M&G Funding Administration Ltd. now owns 644,726 shares of the development firm’s inventory price $133,458,000 after buying a further 102,299 shares through the interval. Lastly, London Co. of Virginia lifted its holdings in shares of Martin Marietta Supplies by 7.1% through the 2nd quarter. London Co. of Virginia now owns 499,021 shares of the development firm’s inventory price $103,082,000 after buying a further 33,150 shares through the interval. Institutional buyers personal 95.32% of the corporate’s inventory.
Shares of MLM inventory traded up $0.39 throughout buying and selling hours on Tuesday, reaching $257.09. 375,989 shares of the corporate’s inventory had been exchanged, in comparison with its common quantity of 697,419. The corporate has a debt-to-equity ratio of 0.48, a present ratio of two.67 and a fast ratio of 1.47. The corporate’s 50 day shifting common is $232.18 and its two-hundred day shifting common is $209.19. The corporate has a market cap of $16.13 billion, a P/E ratio of 25.84, a price-to-earnings-growth ratio of 5.22 and a beta of 0.80. Martin Marietta Supplies has a 1 12 months low of $135.08 and a 1 12 months excessive of $281.82.
The enterprise additionally just lately declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of file on Tuesday, September 1st had been issued a $0.57 dividend. This represents a $2.28 dividend on an annualized foundation and a dividend yield of 0.89%. It is a increase from Martin Marietta Supplies’s earlier quarterly dividend of $0.55. The ex-dividend date was Monday, August 31st. Martin Marietta Supplies’s payout ratio is 23.41%.
About Martin Marietta Supplies
Martin Marietta Supplies, Inc, a pure resource-based constructing supplies firm, provides aggregates and heavy constructing supplies to the development trade in the USA and internationally. It gives crushed stone, sand, and gravel merchandise; prepared blended concrete and asphalt; paving services; Portland and specialty cement used within the infrastructure initiatives, and nonresidential and residential building markets, in addition to within the railroad, agricultural, utility, and environmental industries.
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