Martin Marietta Materials
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Martin Marietta Materials beat expectations on revenues and missed estimates on earnings per share.
Compared to the prior-year quarter, revenue increased significantly. GAAP earnings per share grew significantly.
Gross margins shrank, operating margins expanded, net margins grew.
Martin Marietta Materials notched revenue of $504.1 million. The 11 analysts polled by S&P Capital IQ wanted to see revenue of $471.1 million on the same basis. GAAP reported sales were 20% higher than the prior-year quarter's $421.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.47. The 12 earnings estimates compiled by S&P Capital IQ predicted $0.52 per share. GAAP EPS of $0.47 for Q4 were 47% higher than the prior-year quarter's $0.32 per share. (The prior-year quarter included $0.14 per share in earnings from discontinued operations.)
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 15.2%, 140 basis points worse than the prior-year quarter. Operating margin was 8.7%, 270 basis points better than the prior-year quarter. Net margin was 4.3%, 80 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $402.6 million. On the bottom line, the average EPS estimate is -$0.34.
Next year's average estimate for revenue is $2.21 billion. The average EPS estimate is $3.21.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 154 members out of 180 rating the stock outperform, and 26 members rating it underperform. Among 63 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 57 give Martin Marietta Materials a green thumbs-up, and six give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Martin Marietta Materials is outperform, with an average price target of $102.22.
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