Martin Marietta Materials
The 10-second takeaway
For the quarter ended Dec. 31 (Q4), Martin Marietta Materials missed estimates on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted slightly and GAAP earnings per share stayed the same.
Gross margins were steady, operating margins shrank, and net margins were steady.
Martin Marietta Materials logged revenue of $421.1 million. The 13 analysts polled by S&P Capital IQ foresaw a top line of $438.8 million. Sales were 1.6% lower than the prior-year quarter's $428.0 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions.
Non-GAAP EPS came in at $0.52. The 16 earnings estimates compiled by S&P Capital IQ anticipated $0.40 per share on the same basis. GAAP EPS of $0.32 were the same as the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Figures may be non-GAAP to maintain comparability with estimates.
For the quarter, gross margin was 16.6%, about the same as the prior-year quarter. Operating margin was 4.9%, 350 basis points worse than the prior-year quarter. Net margin was 3.5%, about the same as the prior-year quarter.
Next quarter's average estimate for revenue is $370.5 million. On the bottom line, the average EPS estimate is -$0.25.
Next year's average estimate for revenue is $1.90 billion. The average EPS estimate is $2.42.
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 158 members out of 180 rating the stock outperform, and 22 members rating it underperform. Among 71 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 67 give Martin Marietta Materials a green thumbs-up, and four give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Martin Marietta Materials is hold, with an average price target of $84.18.
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Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.