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

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

Martin Marietta Materials Stock Performance

MLM traded down $21.55 during trading on Wednesday, hitting $507.45. The company’s stock had a trading volume of 207,925 shares, compared to its average volume of 368,919. The business’s 50 day simple moving average is $539.25 and its 200-day simple moving average is $550.13. The firm has a market cap of $31.02 billion, a PE ratio of 15.84, a P/E/G ratio of 4.62 and a beta of 0.91. Martin Marietta Materials has a one year low of $482.72 and a one year high of $633.23. The company has a quick ratio of 1.24, a current ratio of 2.34 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

A number of brokerages recently issued reports on MLM. Raymond James lowered their price target on shares of Martin Marietta Materials from $640.00 to $630.00 and set an “outperform” rating for the company in a research report on Thursday, January 16th. Morgan Stanley reduced their price objective on shares of Martin Marietta Materials from $657.00 to $622.00 and set an “overweight” rating for the company in a research note on Tuesday, December 17th. Citigroup lowered their price objective on Martin Marietta Materials from $701.00 to $600.00 and set a “buy” rating on the stock in a research report on Monday, January 6th. HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 target price for the company in a report on Wednesday, December 11th. Finally, UBS Group initiated coverage on Martin Marietta Materials in a report on Thursday, November 7th. They set a “buy” rating and a $730.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Martin Marietta Materials has a consensus rating of “Moderate Buy” and an average target price of $648.71.

Martin Marietta Materials Company Profile

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.