Martin Marietta Materials, Inc. reports results for the quarter ended September 30 - Earnings Summary

• Martin Marietta Materials, Inc. MLM.N reported quarterly adjusted earnings of $5.47​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $6.85. The mean expectation of twenty analysts for the quarter was for earnings of $5.79 per share. Wall Street expected results to range from $5.02 to $6.48 per share.

• Revenue rose 28.3% to $2.37 billion from a year ago; analysts expected $2.31 billion.

• Martin Marietta Materials, Inc.'s reported EPS for the quarter was $3.94​.

• The company reported quarterly net income of $256 million.

• Martin Marietta Materials, Inc. shares had risen by 13.3% this quarter and lost 12.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14.1% in the last three months.​

• In the last 30 days, twelve analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "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 $639.50, about 15% above its last closing price of $543.77

This summary was machine generated from LSEG data November 4 at 02:31 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)