Martin Marietta Materials (MLM) Projected to Post Quarterly Earnings on Wednesday

Martin Marietta Materials (NYSE:MLM) is expected to announce its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $4.62 per share and revenue of $1.65 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Martin Marietta Materials Stock Down 1.4 %

MLM stock opened at $530.94 on Tuesday. Martin Marietta Materials has a fifty-two week low of $490.05 and a fifty-two week high of $633.23. The company’s 50 day moving average price is $540.50 and its 200 day moving average price is $550.24. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 2.34. The firm has a market capitalization of $32.45 billion, a price-to-earnings ratio of 16.55, a PEG ratio of 4.62 and a beta of 0.91.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MLM shares. StockNews.com lowered shares of Martin Marietta Materials from a “hold” rating to a “sell” rating in a report on Saturday. Wolfe Research upgraded Martin Marietta Materials from a “peer perform” rating to an “outperform” rating and set a $563.00 price target on the stock in a research note on Wednesday, January 8th. Raymond James lowered their price objective on 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. Barclays raised their target price on Martin Marietta Materials from $595.00 to $645.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, HSBC raised Martin Marietta Materials from a “hold” rating to a “buy” rating and set a $690.00 price target for the company in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.