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.
Looking for alternatives to Martin Marietta Materials? It takes more than great companies to build a fortune for the future. Learn the basic financial habits of millionaires next door and get focused stock ideas in our free report, "3 Stocks That Will Help You Retire Rich." Click here for instant access to this free report.
- Add Martin Marietta Materials to My Watchlist.
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. The Motley Fool has no position in any of the stocks mentioned. 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.