Equities analysts anticipate Martin Marietta Supplies, Inc. (NYSE:MLM) to report $921.47 million in gross sales for the present quarter, Zacks Funding Analysis stories. Three analysts have made estimates for Martin Marietta Supplies’ earnings, with the bottom gross sales estimate coming in at $900.80 million and the very best estimate coming in at $944.00 million. Martin Marietta Supplies reported gross sales of $891.00 million in the identical quarter final yr, which might point out a constructive year-over-year progress charge of three.4%. The agency is scheduled to announce its subsequent quarterly earnings outcomes on Tuesday, Could 4th.
On common, analysts anticipate that Martin Marietta Supplies will report full yr gross sales of $4.77 billion for the present monetary yr, with estimates starting from $4.62 billion to $4.97 billion. For the following yr, analysts anticipate that the enterprise will report gross sales of $5.13 billion, with estimates starting from $4.94 billion to $5.35 billion. Zacks’ gross sales calculations are a imply common based mostly on a survey of analysis analysts that cowl Martin Marietta Supplies.
Martin Marietta Supplies (NYSE:MLM) final launched its quarterly earnings outcomes on Tuesday, February ninth. The development firm reported $2.93 EPS for the quarter, topping the consensus estimate of $2.28 by $0.65. Martin Marietta Supplies had a return on fairness of 12.22% and a web margin of 14.38%. The enterprise had income of $1.18 billion through the quarter, in comparison with analyst estimates of $1.10 billion. Throughout the identical interval final yr, the enterprise posted $2.09 earnings per share. The corporate’s quarterly income was up 7.2% on a year-over-year foundation.
A number of analysis analysts have not too long ago commented on the corporate. Barclays raised their worth goal on Martin Marietta Supplies from $220.00 to $275.00 and gave the inventory an “equal weight” ranking in a analysis report on Monday, December 21st. Deutsche Financial institution Aktiengesellschaft raised their worth goal on Martin Marietta Supplies from $311.00 to $318.00 and gave the inventory a “purchase” ranking in a analysis report on Monday, November 23rd. Exane BNP Paribas minimize Martin Marietta Supplies from an “outperform” ranking to a “impartial” ranking and set a $360.00 worth goal on the inventory. in a analysis be aware on Wednesday, January 27th. Jefferies Monetary Group minimize Martin Marietta Supplies from a “purchase” ranking to a “maintain” ranking and diminished their worth goal for the corporate from $314.00 to $282.00 in a analysis be aware on Friday, November sixth. Lastly, UBS Group began protection on Martin Marietta Supplies in a analysis be aware on Tuesday, December eighth. They issued a “impartial” ranking and a $262.00 worth goal on the inventory. Twelve equities analysis analysts have rated the inventory with a maintain ranking and ten have assigned a purchase ranking to the inventory. The inventory at the moment has a median ranking of “Maintain” and a consensus worth goal of $266.57.
A number of institutional traders and hedge funds have not too long ago purchased and offered shares of MLM. Constitution Oak Capital Administration LLC acquired a brand new stake in shares of Martin Marietta Supplies through the fourth quarter price about $27,000. Sageworth Belief Co acquired a brand new stake in shares of Martin Marietta Supplies through the third quarter price about $28,000. Freestone Capital Holdings LLC acquired a brand new stake in shares of Martin Marietta Supplies through the third quarter price about $28,000. Perigon Wealth Administration LLC acquired a brand new stake in shares of Martin Marietta Supplies through the fourth quarter price about $28,000. Lastly, Harmony Wealth Companions acquired a brand new stake in shares of Martin Marietta Supplies through the fourth quarter price about $28,000. Institutional traders and hedge funds personal 97.77% of the corporate’s inventory.
MLM opened at $329.79 on Friday. Martin Marietta Supplies has a 52 week low of $135.08 and a 52 week excessive of $353.56. The enterprise has a fifty day easy shifting common of $314.86 and a 200-day easy shifting common of $269.47. The agency has a market cap of $20.54 billion, a P/E ratio of 30.82, a P/E/G ratio of 5.79 and a beta of 0.69. The corporate has a fast ratio of 1.85, a present ratio of three.27 and a debt-to-equity ratio of 0.46.
The corporate additionally not too long ago introduced a quarterly dividend, which shall be paid on Wednesday, March 31st. Stockholders of document on Monday, March 1st shall be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized foundation and a dividend yield of 0.69%. The ex-dividend date of this dividend is Friday, February 26th. Martin Marietta Supplies’s dividend payout ratio (DPR) is at the moment 23.41%.
Martin Marietta Supplies Firm Profile
Martin Marietta Supplies, Inc engages within the provision of aggregates together with crushed stone, sand, and gravel by means of its community of quarries and distribution yards. It operates by means of the next geographical segments: Mid-America Group, Southeast Group, and West Group. The Mid-America Group and Southeast Group segments present aggregates merchandise solely.
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