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Earnings Roundup: Martin Marietta Materials Inc. (NYSE: MLM)

RALEIGH, N.C., June 30, 2019 – Shares of Martin Marietta Materials Inc. (NYSE: MLM) showed the bullish trend with a higher momentum of 1.50% to $230.11. The company traded total volume of 924,644 shares as contrast to its average volume of 568.56K shares. The company has a market value of $14.35B and about 62.34M shares outstanding.

Martin Marietta Materials Inc. (MLM) reported first-quarter profit of $42.90M. On a per-share basis, the Raleigh, North Carolina-based company said it had profit of 68 cents. The results exceeded Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The seller of granite, limestone, sand and gravel posted revenue of $939.0M in the period. Its adjusted revenue was $878.30M, which also beat Street forecasts. Six analysts surveyed by Zacks expected $851.90M. Martin Marietta anticipates full-year revenue of $4.23B.

The Company offered gross profit margin of 22.80%. The stock, as of recent close, has shown the weekly upbeat performance of 2.30% which was maintained at 33.89% in this year.