Picture of Martin Marietta Materials logo

MLM — Martin Marietta Materials News Story

0.000.00%
us flag iconLast trade - 00:00
Basic MaterialsBalancedLarge CapNeutral

Martin Marietta Materials Inc reports results for the quarter ended June 30 - Earnings Summary

Martin Marietta Materials Inc MLM.N reported quarterly adjusted earnings of $5.43​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $4.76.  The mean expectation of nineteen analysts for the quarter was for earnings of $5.29 per share. Wall Street expected results to range from $5.10  to $5.45 per share.

Revenue rose 2.7% to $1.81 billion from a year ago; analysts expected $1.87 billion.

Martin Marietta Materials Inc's reported EPS for the quarter was $5.43​.

The company reported quarterly net income of $328 million.

Martin Marietta Materials Inc shares had risen by 8.9% this quarter and gained 15.8% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 1.8% in the last three months.​

In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy," 8 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the construction materials peer group is also "buy"

Wall Street's median 12-month price target for Martin Marietta Materials Inc is $615.00, about 2.8% above its last closing price of $598.04

This summary was machine generated from LSEG data August 7 at 04:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20255.295.43Beat
Mar. 31 20251.861.90Beat
Dec. 31 20244.524.79Beat
Sep. 30 20246.285.91Missed

Recent news on Martin Marietta Materials

See all news