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)