Martin Marietta Materials (NYSE:MLM) Issues Earnings Results, Beats Estimates By $0.17 EPS

Martin Marietta Materials (NYSE:MLM) posted its quarterly earnings results on Wednesday. The construction company reported $4.79 EPS for the quarter, beating the consensus estimate of $4.62 by $0.17, Zacks reports. Martin Marietta Materials had a net margin of 30.47% and a return on equity of 12.53%. Martin Marietta Materials updated its FY 2025 guidance to EPS.

Martin Marietta Materials Stock Down 2.3 %

MLM opened at $516.72 on Thursday. The company has a market cap of $31.58 billion, a PE ratio of 16.10, a price-to-earnings-growth ratio of 4.62 and a beta of 0.91. Martin Marietta Materials has a twelve month low of $482.72 and a twelve month high of $633.23. The company has a 50-day moving average price of $538.08 and a 200 day moving average price of $549.88. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on MLM. StockNews.com cut Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday, February 8th. Wolfe Research raised Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target for the company in a report on Wednesday, January 8th. BNP Paribas cut shares of Martin Marietta Materials from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Loop Capital lifted their target price on shares of Martin Marietta Materials from $600.00 to $680.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Finally, Citigroup lowered their price target on shares of Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, one has issued a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Martin Marietta Materials currently has an average rating of “Moderate Buy” and a consensus price target of $648.71.

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