Martin Marietta Materials Analysts Slash Their Forecasts After Q4 Results

Comments
Loading...

Martin Marietta Materials, Inc. MLM reported downbeat fourth-quarter revenue and issued FY25 revenue guidance below estimates on Wednesday.

Martin Marietta Materials reported quarterly earnings of $4.79 per share which beat the analyst consensus estimate of $4.59 per share. The company reported quarterly sales of $1.63 billion which missed the analyst consensus estimate of $1.65 billion.

"In 2024, we faced several challenging dynamics beyond our control, including inclement weather, softening construction demand in both nonresidential and residential sectors, and tighter-than-expected monetary policy," Martin Marietta CEO Ward Nye said.

For 2025, Martin Marietta Materials said it sees revenues of $6.830 billion-$7.230 billion vs. (consensus of $7.23 billion). It expects adjusted EBITDA of $2.150 billion-$2.350 billion.

Martin Marietta Materials shares fell 2.2% to close at $517.14 on Wednesday.

These analysts made changes to their price targets on Martin Marietta Materials following earnings announcement.

  • Barclays analyst Adam Seiden maintained Martin Marietta Materials with an Overweight and lowered the price target from $645 to $600.
  • Truist Securities analyst Keith Hughes maintained the stock with a Buy and slashed the price target from $670 to $610.

Considering buying MLM stock? Here’s what analysts think:

Read This Next:

Overview Rating:
Good
62.5%
Technicals Analysis
66
0100
Financials Analysis
60
0100
Overview
Market News and Data brought to you by Benzinga APIs
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise

Posted In: