Martin Marietta (MLM) Up 0.6% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]
Martin Marietta Materials, Inc. (MLM)
Last martin marietta materials, inc. earnings: 2/11 06:57 am
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Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Martin Marietta due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Martin Marietta reported tepid results for third-quarter 2024, with earnings and revenues missing the Zacks Consensus Estimate. Both the top and bottom lines decreased on a year-over-year basis. MLM witnessed significant July precipitation, along with Tropical Storm Debby in North Carolina, Hurricane Beryl in Texas and Hurricane Helene in most of its Southeast footprint, which impacted product shipments and geographic mix in the third quarter. Owing to these temporary yet impactful hurdles, the company lowered its full-year guidance for major metrics. In October, MLM acquired pure aggregates assets in South Florida and Southern California, consistent with its Strategic Op
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News
- Martin Marietta Materials, Inc. (NYSE: MLM) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
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- Martin Marietta Materials, Inc. (NYSE: MLM) was upgraded by analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating. They now have a $640.00 price target on the stock, up previously from $515.00.MarketBeat
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MLM
Earnings
- 10/30/24 - Miss
MLM
Sec Filings
- 12/3/24 - Form 8-K
- 12/3/24 - Form 4
- 12/3/24 - Form 4
- MLM's page on the SEC website