Martin Marietta Materials, Inc. Expected to Post Q2 2021 Earnings of $3.76 Per Share (NYSE:MLM)

Martin Marietta Materials, Inc. (NYSE:MLM) – Equities researchers at Truist Securiti cut their Q2 2021 EPS estimates for Martin Marietta Materials in a report released on Tuesday, July 13th. Truist Securiti analyst K. Hughes now anticipates that the construction company will post earnings of $3.76 per share for the quarter, down from their prior estimate of $3.81. Truist Securiti also issued estimates for Martin Marietta Materials’ FY2021 earnings at $12.41 EPS and Q1 2022 earnings at $1.36 EPS. Martin Marietta Materials (NYSE:MLM) last released its earnings results on Tuesday, May 4th. The construction company reported $1.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.54. The firm had revenue of $982.40 million during the quarter, compared to analysts’ expectations of $968.53 million. Martin Marietta Materials had a return on equity of 13.18% and a net margin of 15.99%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.41 EPS.

Several other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. raised their price target on Martin Marietta Materials from $335.00 to $385.00 and gave the company a “neutral” rating in a report on Wednesday, May 26th. Jefferies Financial Group raised Martin Marietta Materials from a “hold” rating to a “buy” rating and increased their price target for the stock from $360.00 to $424.00 in a research report on Friday, June 25th. Morgan Stanley raised their target price on shares of Martin Marietta Materials from $372.00 to $408.00 and gave the company an “overweight” rating in a report on Monday, May 10th. Finally, Barclays upped their price objective on Martin Marietta Materials from $275.00 to $380.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 28th. They noted that the move was a valuation call. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $330.15.


It’s hard to believe… But the psychedelic drugs we’ve demonized for decades are quickly becoming the foundation for a new mental health revolution.

By ‘micro dosing’ scientists have worked what some are calling miracles and now is the time to invest in this burgeoning industry… before Wall Street catches on.

NYSE:MLM opened at $355.70 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 3.73 and a quick ratio of 2.20. The business’s 50 day moving average is $358.38. Martin Marietta Materials has a twelve month low of $201.04 and a twelve month high of $383.71. The firm has a market cap of $22.19 billion, a price-to-earnings ratio of 28.92, a price-to-earnings-growth ratio of 2.25 and a beta of 0.65.

A number of institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. lifted its stake in Martin Marietta Materials by 40.2% in the first quarter. Baillie Gifford & Co. now owns 3,786,796 shares of the construction company’s stock worth $1,271,682,000 after acquiring an additional 1,085,670 shares during the period. Amundi Asset Management US Inc. grew its stake in shares of Martin Marietta Materials by 763.0% in the first quarter. Amundi Asset Management US Inc. now owns 748,889 shares of the construction company’s stock worth $251,490,000 after acquiring an additional 662,115 shares during the last quarter. Norges Bank purchased a new stake in Martin Marietta Materials during the 4th quarter valued at about $156,528,000. Morgan Stanley increased its position in shares of Martin Marietta Materials by 20.8% during the fourth quarter. Morgan Stanley now owns 2,908,835 shares of the construction company’s stock valued at $826,022,000 after acquiring an additional 501,135 shares in the last quarter. Finally, Artisan Partners Limited Partnership bought a new stake in shares of Martin Marietta Materials in the 1st quarter worth $113,608,000. 91.88% of the stock is currently owned by institutional investors and hedge funds.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 30th. Investors of record on Tuesday, June 1st were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 0.64%. The ex-dividend date was Friday, May 28th. Martin Marietta Materials’s dividend payout ratio is currently 19.76%.

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 used in the infrastructure projects, and nonresidential and residential construction markets, as well as in the railroad, agricultural, utility, and environmental industries.

Recommended Story: What is a Fibonacci Channel?

Earnings History and Estimates for Martin Marietta Materials (NYSE:MLM)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Featured Article: Trading Halts Explained

7 Bellwether Stocks Signaling a Return to Normal

Bellwether stocks are considered to be leading indicators about the direction of the overall economy, a specific sector, or the broader market. They are predictive stocks in that investors can use the company’s earnings reports to gauge economic strength or weakness.

The traditional definition of bellwether stocks brings to mind established, blue-chip companies. They are the home of mature brands with consumer loyalty. These may be stocks that aren’t associated with exceptional growth; some may be dividend stocks.

But there’s something different about normal this time around. If it’s true (and I think it is) that the old rules no longer apply, investors need to change the way they think about bellwether stocks. Plus, let’s face it, many stocks that we might consider to be bellwether stocks have already had a bit of a vaccine rally. That means that the easy gains are gone.

With that in mind, we’ve put together this special presentation that highlights seven of what may be termed the new bellwether stocks. These are stocks that investors should be paying attention to as the economy continues to reopen.

One quality of many of these stocks is that they are either negative for 2021 or underperforming the broader market. And that means that they are likely to have a strong upside as the economy grows.

View the “7 Bellwether Stocks Signaling a Return to Normal”.

Similar Articles


Most Popular

ListInfinity Review – How to Make $100 Per Day with A Simple Proven System

ListInfinity Review - How to Make $100 Per Day with A Simple Proven System In this List Infinity Review,...

Iréne Wrigstedt’s New Book Talks About Daring to Deal with Criticism and Achieving What You Want

For people bursting with a desire to explore business opportunities or to unleash their full potential, it can be hard to move past criticism....

Social Network Marketing Market Size 2020 Industry Share, Strategies, Growth Analysis, Regional Demand, Revenue, Key Players and 2026 Forecast Research Report – The News...

The recent report on “Global Social Network Marketing Market Report 2020 by Key Players, Types, Applications, Countries, Market Size, Forecast to 2026” offered by Credible...

Flag Counter