Martin Marietta Materials, Inc. (NYSE:MLM) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, MLM to report 3Q20 income of $ 3.76 per share.
For the full year, analysts anticipate top line of $ 4368.98 million, while looking forward to income of $ 9.63 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 4,875.00 million ~ $ 5,075.00 million
Click Here For More Historical Outlooks Of Martin Marietta Materials, Inc.
Previous Quarter Performance
Martin Marietta Materials, Inc. posted income for the second quarter of $ 3.49 per share, from the revenue of $ 1,190.00 million. The quarterly earnings escalated 15.95 percent while revenues reduced 0.51 percent compared with the same quarter last year.
According to street consensus, MLM was expected to report 2Q20 income of $ 3.02 per share from revenue of $ 1155.35 million. The bottom line results beat street analysts by $ 0.47 or 15.56 percent, at the same time, top line results outshined analysts by $ 34.65 million or 3.00 percent.
Stock Performance
Shares of Martin Marietta Materials, Inc. traded low $ -8.08 or -3.16 percent on Wednesday, reaching $ 247.45 with volume of 538.90 thousand shares. Martin Marietta Materials, Inc. has traded high as $ 252.17 and has cracked $ 243.75 on the downward trend
According to the previous trading day, closing price of $ 247.45, representing a 89.17 % increase from the 52 week low of $ 135.08 and a 9.33 % decrease over the 52 week high of $ 281.82.
The company has a market capital of $ 15.41 billion and is part of the Basic Materials sector and Building Materials industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.57 per share on August 13, 2020. The dividend were payable on September 30, 2020 to holders of record as of the close of business on September 1, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Martin Marietta Materials, Inc. will be hosting a conference call at 11:00 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.martinmarietta.com
Martin Marietta Materials, Inc., a natural resource-based building materials company, supplies aggregates and heavy building materials to the construction industry in the United States and internationally. The company offers crushed stone, sand, and gravel products; ready mixed concrete and asphalt; paving products and services; 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. It also manufactures and markets magnesia-based chemical products for the industrial, agricultural, and environmental applications; and dolomitic lime primarily for customers in the steel and mining industries, as well as provides road paving construction services.
