Martin Marietta EPS Estimates Reduced For 2010

Martin Marietta Materials, Inc. (NYSE: MLM) reported 2Q EPS of $1.18 which was $0.06 below estimates from Jeffries International Ltd., causing a 11% lower EPS estimate for 2010. Full year EPS estimates drop from $2.45 to $2.18 and from $3.49 to $3.22 for 2011.

Jeffries maintains its "buy" rating and price target of $114.

Martin Marietta Materials, Inc. closed yesterday at $82.41.