For its first fiscal quarter (ending March 31), Martin Marietta Materials Inc. (NYSE: MLM) has reported a 680% increase in E.P.S. from $2.17 a year ago to $16.92 in the current quarter. This performance was $14.59 better than the consensus estimate of $2.33. E.P.S. were $34.14 for the latest four quarters through March 31 versus $15.52 for the same period a year ago — an increase of 120%.
Recent Price Action
On 4/30/24, Martin Marietta Materials Inc. (NYSE: MLM) stock declined by -2.6%, closing at $587.07. Moreover, unusually high trading volume at 176% of normal accompanied the decline. Relative to the market the stock has been exceptionally strong over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, MLM is expected to continue to be an important Value Builder.
Martin Marietta Materials has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Martin Marietta Materials has a poor Appreciation Score of 29 but a good Power Rating of 84, and the Neutral Value Trend Rating results.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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